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The Bolognese Jurists behind the Proto-Austrian Theories of the Salamanca School |
While people knowing the history of the Austrian school of economics are familiar with the School of Salamanca, it turns out they were influenced by jurists in Bologna who helped to build a legal and intellectual framework upon which scholars could develop free market thought. |
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Marxism as Sophism: A Critical Examination of Labor as a Commodity |
Marx built his infamous labor theory of value on the premise that labor itself was a commodity. However, as Mises and other Austrians have noted, Marx failed both at understanding the complexity of labor and subjective value theories. |
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Back to School—A Critique of the College Model |
Without market forces reigning in costs, colleges have almost no incentive to get creative or reduce their expenses. As a result, many students graduate with enormous debt, and many without even securing jobs that justify their investment. |
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