Say’s Law: The Antidote to Countless Economic Fallacies
Say's Law essentially tells us that we produce in order to consume. Once we start thinking we can consume before we produce, we get into trouble.
Philosophy and Methodology
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Taking Off Our Economic Blinders
Henry Hazlitt's Economics in One Lesson helps us see the many aspects of intervention in the marketplace we might not have noticed before.
How Political Competition Made Europe Rich
Political decentralization is “the essence of the spirit of Europe.” It is what made room for the merchant to trade and for the worker to innovate.
What the Tobacco Industry Did for Women
Far from being a tool of the so-called patriarchy, marketplace producers enthusiastically cater to anyone willing to join in.
Remembering Oskar Morgenstern
Morganstern is best known as the co-developer of modern game theory with John von Neumann in their 1944 book, The Theory of Games and Economic Behavior.
Conceived in Liberty: The Medieval Communes of Europe
The urban "communes" of medieval Europe were the early cradle of economic and political freedoms that would transform Europe in later centuries.
Must Libertarians Be Individualists?
Contrary to the claim that they want for all a "self-sufficient" life in isolation, libertarians assume there is great value in voluntary cooperation.
Ludwig von Mises as a Social Rationalist
Joseph Salerno's essay "Ludwig von Mises as a Social Rationalist," is now available in a new easier-to-read version.
What European Integration Should Look Like
The European Union could have been a mere union of states committed to increasing free trade and free movement. But, it has become nothing of the sort.
We Need Less Politics and More Private Governance
One of the most important things we can do is explain how markets, and not government intervention, are our best hope for a prosperous society.
