Entrepreneurship

Lucidly and unflinchingly he shows it to be the only system consonant with individual freedom and personal autonomy, as well as with modern industrialized society.

What Thoreau was defending here, in 1849, was essentially the same concept the English philosopher Herbert Spencer defended two years later, in his book Social Statics, as "the right to ignore the State."

In this article I'll walk through Glaeser's critical observations, most of which misfire.

Institutional unemployment is not the outcome of the decisions of the individual job seekers. It is the effect of interference with the market phenomena intent upon enforcing by coercion and compulsion wage rates higher than those the unhampered market would have determined.

No other woman in America ever had to suffer such persistent persecution.

The revolutions were not "against England per se, but against the oppressions of the state, dominated by the English government." Rothbard adds that they "failed largely because the domestic oligarchs were propped up and reimposed by the English power."

On the other hand, you can spend your life refusing to straighten ties because you aren't paid enough to do that. That person will never be paid to do anything.

It is true that there is such a thing as the corn-hog cycle and analogous happenings in the production of other farm products. But the recurrence of such cycles is due to the fact that the penalties which the market applies against inefficient and clumsy entrepreneurs do not affect a great part of the farmers. These farmers are not answerable for their actions because they are the pet children of governments and politicians. If it were not so, they would long since have gone bankrupt and their former farms would be operated by more intelligent people.

"In 1982, Vince moved on to building a nonprofit organization to host a series of international libertarian conferences — the Libertarian International."

The owner of ghetto housing differs little from any other purveyor of low-cost merchandise, writes Walter Block.