Martial Law vs. Market Law: Reflections on Boston
If law enforcement were to be governed by contractual principles, no one would need to fear that they were letting bulls into a china shop.
If law enforcement were to be governed by contractual principles, no one would need to fear that they were letting bulls into a china shop.
“There are two types of ethically invalid land titles: “feudalism,” in which there is continuing aggression by titleholders of la
Instead of solving the initial problem, the intervention creates two or three further problems, which the government feels it must intervene to hea
If Smith is the only cobbler in town, and we are unacquainted with the workmanship of cobblers in other towns, how can we judge his skill?
It's pathetic that a government-enforced monopoly continues to lose money.
Later economists messed everything up: narrowing the definition of "competition" and broadening that of "monopoly."
The problem of the influence of power on prices as such has hitherto been only scantily treated, and never in a systematic manner, in economic theory.
There is no evidence that a market system will bring about a tendency toward monopolistic growth; the state does that.