Aristotle on Mixed Economies
Capitalism is an economic system that allows people to make choices free from government intervention. Capitalism is just. Socialism is unjust. There is no "messy middle."
Capitalism is an economic system that allows people to make choices free from government intervention. Capitalism is just. Socialism is unjust. There is no "messy middle."
Pages 82-83 in the text, as narrated by Gennady Stolyarov II.
Pages 50-64 in the text, as narrated by Gennady Stolyarov II.
Pages 64-82 in the text, as narrated by Gennady Stolyarov II.
Pages 49-50 in the text, as narrated by Gennady Stolyarov II.
Albert Jay Nock wrote, “The only element in Judean society that was particularly worth bothering about was the Remnant.
The publication in 1962 of Rothbard's magnum opus rescued economic science from self-destruction. Menger's causal-realist approach had been nearly buried by the Keynesian Revolution. Keynesian macroeconomics denied the efficacy of the price system altogether in coordinating the various sectors of an economy confronted with the failure of aggregate demand.
Envy-based policies seem to persist, whether in the form of progressive taxation or in assumptions that a state like New York can decide something as subjective as the reasonableness of salary contracts freely agreed upon.