Governments always attempt to exploit a crisis, and disasters provide a natural (no pun intended) excuse for them to do so. Their proffered “solutions” to problems(which they often create) invariably worsen those problems.
Caplan has thought much about his topic. However, redefining policy preferences that he and probably most economists disagree with as “irrationality” is dubious
The Structure of Liberty is an important new work by one of libertarianism's most significant and thoughtful legal scholars. Its primary substantive deficiency is its over-reliance on the Hayekian knowledge paradigm
Do weak governments around the globe merit assistance? The premise of When States Fail: Causes and Consequences is that without strong government, society devolves into chaos.
Hayek points to the works of Bernard Mandeville, David Hume, and Adam Smith as the primary origins of his social theory of spontaneous order.
Foronda is remembered for his contributions and as one of the first to popularize the new economic ideas in Spain.
Mr. Sirower has done a great service in pointing out the anomaly concerning large-company mergers. He has provided good evidence for the Austrian theory that antitrust policy is harmful to the competitive process and stand of living in society.
In the context of legal analysis, one important praxeological doctrine is the distinction between action and mere behavior. The difference between action and behavior boils down to intent.
Many economists argue that a pure market economy cannot come about because people will always have incentives to use coercion.
