For those few of my readers wishing to revisit my entire series on capitalism, including my recent entry on the Marginalists, Mises, and Hayek, I present here a short entry index:
Capitalism: A Short Definition
Everything and everyone can be turned into money, and money makes money.
In which we learn that capitalists are heroic job creators! And also greedy arseholes.
Capital is both accumulated labor and accumulated misery.
Men accumulate capital because they are worried that God doesn't love them.
For ordinary people, reciprocity and redistribution are much more important than accumulation and commodification.
Capitalism is a form of permanent economic revolution, but at the end of the road lies socialism.
Capitalism is the only valid moral system, and those who disagree aren't fit to live.
The Marginalists, Ludwig von Mises, and Friedrich Hayek
Labor is not the source of value - scarcity, aristocratic virtues, and irreproducable native genius are.
There will doubtless be more to come on this subject, but this will serve for now.