Articles written by G. Stolyarov II in Arts & Humanities

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About me - G. Stolyarov II

G. Stolyarov II is a science fiction novelist, independent philosophical essayist, poet, amateur mathematician, composer, contributor to Enter Stage Right, Le Quebecois Libre, Rebirth of Reason, and the Ludwig von Mises Institute, Senior Writer for The Liberal

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Arts & Humanities > Literary Themes & Ideas The nature and purpose of literary analysis: 1 of 9
For the millennia during which literature has existed, scholars, intellectuals, and lay people have unceasingly engaged in the act of analyzing it. Whatever the variety of analytical approaches to literature might be, literary analysis is in itself a universal necessity when approaching a text, and cannot be escaped on some ... More..
Arts & Humanities > 19th Century US History Abraham Lincoln's famous quotes: 5 of 13
"Property is the fruit of labor...property is desirable...is a positive good in the world. That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise. Let not him who is houseless pull down the house of another; but let him labor diligently and build one for himself... More..
Arts & Humanities > Political Philosophy Arguments against the Labor Theory of Value: 1 of 2
I shall refute here the proposition that "the economic value of all goods and services is derived from the cost of their production and ultimately from the labor expended on their creationbe it measured in terms of the time, effort, or disutility required to produce the goods or services in questionand the labor expended on ... More..
Arts & Humanities > Political Philosophy The concept of consumer sovereignty in economic theory: 1 of 1
The great Austrian economist Ludwig von Mises formulated the idea of "consumer sovereignty," using a term originally coined by William Hutt in a critique of Keynesianism, to describe the role of consumers and producers in the market process. Mises's analogy has its limits, as his student Murray Rothbard would recognize, but ... More..
Arts & Humanities > Political Philosophy Austrian economics and marginal utility: 1 of 1
To understand a set of universal truths concerning diverse individuals' valuations of economic goods and how these valuations are reflected in practice, one needs to turn to the Austrian School of Economics and its analysis of marginal utility. The Austrian School considers utility from the viewpoint of the individual econom... More..
Arts & Humanities > Political Philosophy Austrian school arguments on the free market origin of money: 1 of 1
The Austrian School of Economics offers an innovative and vital perspective on how money came to be, a perspective that firmly establishes money as a free market creation and validates the efficacy of market exchange. According to Carl Menger, the 19th-century founder of the Austrian School, money could not have originated a... More..
Arts & Humanities > Political Philosophy Austrian economics and Models of Rest: 1 of 1
In his master treatise, Human Action, renowned Austrian school economist Ludwig von Mises presents three economic models for states of rest, critical to analyzing the behavior of real-world markets. The first of these, the plain state of rest, occurs frequently in actual markets. In a plain state of rest, buyers and sellers ... More..
Arts & Humanities > Political Philosophy Austrian economics and time preference: 1 of 1
Many Austrian School economistsespecially Ludwig von Miseshave espoused a universal insight into human action: the existence of positive time preferencethe desire, other things equal, for a given satisfaction sooner rather than later. Every acting human being has positive time preference and, as a corollary, will value a pre... More..
Arts & Humanities > Political Philosophy The Austrian school view of income types in the evenly rotating economy: 1 of 1
The Austrian School of Economics analyzes four distinct economic functions: those of laborers, owners of "land" (productive natural resources), capitalists, and entrepreneurs. Though unrealistic and in part contradictory, the model of the evenly rotating economy (ERE) allows the Austrian economist to accurately analyze in is... More..
Arts & Humanities > Political Philosophy Austrian economics and roundabout processes of production: 1 of 1
Among the insights of the Austrian School of Economics, first elucidated by Eugen von Bhm-Bawerk in his 1889 magnum opus, Capital and Interest, is the greater productivity of more roundabout, or capitalistic, methods of creating desired goods. Bhm-Bawerk's discovery can be aptly illustrated with a hypothetical case study. Su... More..