Nonetheless, an important crack in the united macroeconomic front has been made with the admission that the policies are wanting and the neo-Keynesian establishment economics does not have a ready answer to explain either the causes or cures of such contemporary economic phenomena as inflationary recession.
Until that happy day when education is disestablished, Illich is searching for methods of moving strongly away from the public education system.
An "anarchic" private law society — is the answer to monarchy and democracy.
Murray Rothbard was a cheerful, sweet, likeable man who didn't hate anyone, especially fellow libertarians.
What Hazlitt is saying is this: "If we want to keep our free political system, here are the economic principles to which we must return."
That a functioning market presupposes not only prevention of violence and fraud but the protection of certain rights, such as property, and the enforcement of contracts, is always taken for granted.
Most people favor patent and copyright law because they believe that it generates net wealth — that the value of the innovation stimulated by IP law is significantly greater than the costs of these laws.
If capitalism is self-destroying, as he says it is, if socialism leads to the servile state, and if the distributive state as a practical matter is not feasible, then we have but one choice; and that is a choice between serfdom and death.
The small State can do to Society everything the large State can do, but not so much of it.
The study of U.S. history seen through the lens of economic theory teaches us lessons like: (1) Why did America do so well economically?, (2) Why do we have the problems of war, terrorism, and immigration?, (3) What results from the growth of government?, ...
