Prices

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George Reisman

What the UAW has done, on the foundation of coercive, interventionist labor legislation, is bring a once-great company to its knees.

Hans-Hermann Hoppe

Hans-Hermann Hoppe explains the neglected role of insurance in a free market economy. Any insurance involves the pooling of individual risks by the market, a task the state can only distort.

Thomas J. DiLorenzo

Today’s college students may never learn the principles of supply and demand, or understand how many billions of dollars companies like Wal-Mart save American consumers (including their own families), but they are indoctrinated as freshmen that any “moral” person should hate “outlaw” corporations (as defined by the union movement).

Robert P. Murphy

Only in a model with multiple goods can one fully appreciate the "Austrian" approach to capital and interest theory.

Llewellyn H. Rockwell Jr.

Tim Harford offers an interesting analysis of the great XBox shortage of 2005.

Christopher Westley

Price caps violate the property rights of owners of scarce resources, such as gasoline, writes Chris Westley.