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.
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).
Only in a model with multiple goods can one fully appreciate the "Austrian" approach to capital and interest theory.
Tim Harford offers an interesting analysis of the great XBox shortage of 2005.
Price caps violate the property rights of owners of scarce resources, such as gasoline, writes Chris Westley.
Tom Lehman writes that the recent upward spike in gasoline prices (particularly those following natural disasters) has unleashed a torrent of theories.
They don't tell you want price to set anymore, writes William Anderson. They tell you not to gouge.
Those of us who appreciate liberty, voluntary exchange, and workers’ property rights to their own labor have long objected to the American organized labor movement. Since the 1930s, this movement has been defined by the AFL-CIO.
