Surely, no one would dare to apply the Bastiat's Broken Window fallacy to the human tragedy that is still playing itself out along the rim of the Indian Ocean. And yet Chris Westley has discovered that at least one economist has done so.
Robert Murphy concedes that it is theoretically possible that an expanded global marketplace could make one country less wealthy on net. However, there are other considerations.
Recorded 10/16/2004 at Radical Scholarship: The Guerrilla Movement for Liberty.
Sean Corrigan shows how Rome and her history can give us a reaffirmation of our unshaken belief in the ability of Everyman, acting as a free individual, to repair all the damage ever done by history’s tyrants and their tax gatherers.
The "superior bargaining power" argument has always been the most important argument on behalf of unionism and of all the legislative privileges that unions enjoy. Thomas DiLorenzo points to Mises's demolition of the idea.
The theory of time preference, capital, technology and economic growth will be viewed through both theoretical and historical elements. People have a preference for satisfaction earlier as compared to satisfaction later. Capital goods allow greater production, but this requires saving now, not consuming now.
Frank Shostak explains what Mises meant when he wrote that: "The Santa Claus principle liquidates itself." Most individuals in the western world take the ample availability of goods and services for granted.
Sponsored by the Mises Institute and held in Houston, Texas; September 22-23, 1995.
In a brilliant lecture at the Austrian Scholars Conference, Sean Corrigan chronicles the failings of growth-driven government policies that impoverish in the long run.
