Many people on the left regard economics as neither a science nor a principled field of study. For them, economics is just a pseudo-science invented as corporate propaganda, and people who push "free-market economics" do so because they are either evil or brainwashed by corporate masters.
The envious are not satisfied with equality; they secretly yearn for superiority and revenge.
The price system performs the crucial function of transmitting knowledge throughout the society and thereby eliminates the need for bureaucracy.
Emmanuel Macron said he wanted to make France more free and more competitive. But his failed tax increase on gasoline shows just how fragile reform attempts are in France.
A “Green New Deal” makes no sense on economic grounds, either in spirit or in letter.
Let us consider the process that led to the decline and disappearance of classical Roman civilization.
In this 90-minute 1981 lecture, Walter Block discusses the importance of allowing private markets — and not government planners — to decide how land and housing is used by those who buy, sell, and rent it.
Regulation is simply the way in which self-interested public officials provide benefits to self-interested individuals who form interest groups. This is as true in land use as in anything else.
Hostilities in the North Atlantic provided the context — or rather, pretext — for America's participation.
