Value and Exchange

The dot-com shakeup reminds us that both profit and loss have social and economic merit and should be allowed to take their market-driven course, says Lew Rockwell.

Copyright protection is legitimate in a free society, but the government, not Napster, is the biggest violator. 

The Firestone/Ford debacle is being used to spread the oldest myths in the anticapitalist lexicon.

Technology is great, but it can't alter the nature and function of money, and it can't create a money out of thin air, argues Frank Shostak.

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

The essential element in monopoly is forcible exclusion and forcible reservation, not the number of producers.

Why the attempt to eliminate social and economic inequality always and everywhere ends in massive coercion. 

The reason they are ever higher. 

The same old protectionist fallacies, back again.

Gus Stelzer, a retired General Motors senior executive, is on a rampage against free trade. It makes sense from his point of view. Like most big business, GM does not welcome competition from abroad, however much it's spurred product improvements over the years. It turns to the government to tax imports that consumers desire more.