By honoring Mokyr, Aghion, and Howitt, the Nobel Committee has recognized that the future of growth depends on innovation, and that innovation begins with an idea. Ideas drive progress, and progress defines civilization.
The famous phrase was uttered by William H. Vanderbilt, which was interpreted to mean that the capitalists didn’t care for their customers. Vanderbilt knew he worked for his stockholders, but in working for them, he had to provide for his railroad’s passengers.
Jamaica’s constitutional reform will achieve nothing if it continues to indulge the politics of resentment rather than building the framework for liberty.
Artificial Intelligence, for all of the fear-mongering taking place, simply is a tool that if applied in a free market setting will make our economy stronger, not weaker.
English translation of Hans-Hermann Hoppe's Kritik der kausalwissenschaftlichen Sozialforschung (Opladen 1983). Translated by Andreas Tank.
Mark Thornton shows why real conservation comes from property rights and prices, not bureaucratic targets.
Stablecoins are the next big thing. So, what are stablecoins and what economics effects will they have?
Henry David Thoreau is supposedly an American icon and his Walden an alleged work of genius. In truth, Thoreau was a fraud and his anti-capitalist screeds were intellectually and economically incoherent.
As both left and right throw freedom and free markets over the side, we remember that there still is a remnant that understands why these things make for a good society. Albert J. Nock eloquently reminds us of what we are losing.
Unfortunately, the only country to have accepted a semi-free market in organs is Iran; however, the results there have been stunning.
