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The Inability of Bitcoin to Serve for Rational Economic Calculation

The Inability of Bitcoin to Serve for Rational Economic Calculation

Revised: December 17, 2014 The views and opinions in this article written by Chris LeRoux with significant contributions by Tal Salsa do not represent the views and opinions of other people that write on peacefreedomprosperity.com. Origin of money as most saleable good and rational unit of account Carl Menger explained that in barter some commodities […]

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Mises Introduces the Austrian School

href=”http://mises.org/story/3512″>http://mises.org/story/3512 Reposted by Craig Pendleton By Mises Daily by Ludwig von Mises When I first came to the university, Carl Menger was nearing the end of his teaching career. There was little attention paid the Austrian School of economics at the university, and I had no interest in it at the time. Around Christmas, 1903, […]

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