Production Theory

Interventionism is often justified on grounds of "efficiency," as defined by judges and economists who have no stake in the outcome of disputes over property rights. Gene Callahan explains the Austrian view.

A repeal of the inheritance tax would help everyone, even those like this author who are not likely to be taxed under present law. George Reisman makes the case.

A relatively balanced treatment shows they were mainly the products of enterprise, not just corruption. A review by Clifford Thies

The private sector is running circles around the Post Office, writes William Stepp, but regulations and special privileges permit the government to keep gouging the consumer.

The Austrian concept of capital envisions not a great blob, but complex orders of goods interlocked in complementary structures, writes Gene Callahan.

From rolling blackouts to water shortages, California's troubles result from regulation, says Thomas DiLorenzo

Are economic downturns caused by falling demand? No, this is only a symptom of a structural problem, says Frank Shostak.

Deepak Lal, a distinguished development economist, might have entitled this book The Rise and Future Decline of the West. In his view, the nations of Western Europe first discovered the secret of economic prosperity. 

Statism was the primary theme of this year's election. The political issues of the day were all approached from the interventionist point of view. For George W. Bush and Al Gore, it was not a matter of whether government should be running a social security scheme or not. It was only a matter of how government might save it.

Regulations don't consider that safety is not an absolute value that automatically trumps all others, writes Gene Callahan.