Other Schools of Thought

What is called economic progress is the effect of an accumulation of capital goods exceeding the increase in population, writes Ludwig von Mises (1

President Barack Obama promised recently in a <i>Wall Street Journal</i> op-ed to undertake a grand review of economic regulation in the United States and get rid of rules that "are not worth the cost, or that are just plain dumb." Yet he has added plenty of dumb regulations himself.

Try to find someone in present-day Vienna who is familiar with the exceptional work of the former finance minister of the Austrian monarchy.

Hutcheson brought to Scottish philosophy a solid belief in natural rights and in the beneficence of nature.

The entrepreneurs and capitalists owe their wealth to the people who patronize their businesses.

DeLong misunderstood Volokh's nuanced position — which is not surprising, because he was prepared to declare Volokh insane.

Higgs's book is that rare and wondrous combination: scholarly and hard-hitting, lucidly written and libertarian as well.

Socialism has simmered down to the advocacy of strong government, with this proviso: that that government is best which is run by socialists. Too many capitalists have made their peace with this system.