Political Theory

Not only could the state use the UBI as an instrument of social control; we have every reason to think those in charge of the state would exercise their power for bad motives.

Hayek began as a socialist, but he came to believe that the ends of socialism could not be realized by socialist means, and he deemed it his duty to convey this view to a wide public.

Channeling Hayek, Devine argues that markets are critical but not sufficient. Free and equal individualism requires a mythos and a logos, a moral order rooted in God, morality, law, or tradition—otherwise we devolve into warring factions

A right to exclude others from one's property does not mean one is also motivated to repeatedly do so.

Raghuram Rajan has written a surprising book calling for strengthening of the local, “proximate,” community.

The intrusion of politics into the field of economics is simply an evidence of human ignorance or arrogance, and is as fatuous as an attempt to control the rise and fall of tides.

Quinn Slobodian really dislikes Ludwig von Mises. So it's not shocking that Slobodian has repeatedly misstated and distorted Mises's consistent opposition to imperialism and wars of conquest.

Once the economics profession embraced the "perfect" competition theory which, as Hayek has said, means "the absence of all competitive activities," it also embraced antitrust regulation. 

The problem with Strauss is that while favoring what he considers to be the classical and Christian concepts of natural law, he is also bitterly opposed to natural rights such as liberty and property.

If leaders are serious about economic recovery after lockdowns, they need to dispense with authoritarian controls and let markets work. Daniel Lacalle considers interest rates, inequality, stakeholder theory, global debt, and much more in this powerful discussion of today's economic reality.