Political Theory

There's no difference between the orthodox socialist position on this company and Judge Jackson's. 

He is working with an outdated and unsound theory of how firms compete in the marketplace.

Billions are dolled out to scholars every year, but only to those who are willing to accept--or least not contradict--the government's ideological assumptions.

The New England Journal of Medicine has it backwards: it's public, not private, money that skews research agendas.

An agency within an agency, and the political battle over its future, provides a case study of a much larger problem: government can't rationally allocate resources. 

According to the internet-based "futures market" run by the University of Iowa, almost anything can happen in this year's elections.

Those protesting he IMF and World Bank think they are attacking free markets. Yet these bureaucracies were hatched by Keynesian central planners, and should be opposed on free-market grounds. 

The "People's Car" was beloved by the socialist Left, but the new beetle is a masterful product of labor specialization and capitalist engineering.

Thomas Sowell is an excellent economist, but unfortunately this is not enough for him. He imagines himself a philosopher and an expert on foreign policy as well. 

As usual Murray Rothbard was right. In his Classical Economics, he contrasts John Stuart Mill with his father James Mill: "Instead of possessing a hard-nosed cadre intellect, John Stuart was the quintessence of soft rather than hard core,