Not everyone called a free-market economist — regardless of their possession of a Nobel prize — really is devoted to the free market.
The final issue of the Journal of Libertarian Studies (1977–2011): online.
The war left the central government more powerful than ever, and the states, which had traditionally curbed federal power, in danger of total eclipse.
There is no necessary connection between battling to curb immigration and rejecting key elements of the free market such as free trade.
In this article, Leonard Brewster discusses how self-governance can be much more efficient than a formal governing class or state.
ABSTRACT: The impact of interest rates on investment choices is a key element in both Keynesian and Austrian theories of the business cycle. Fuller (2013) compares the Keynesian Marginal Efficiency of Capital approach to the Austrian Net Present Value approach, claiming that the two give different rankings of investment projects. This comment provides examples to show that this is only true if factor prices are held constant. If factor prices reflect the discounted present value of the project, then the different rankings between the approaches vanishes. This result further highlights a fundamental difference between the Austrian and Keynesian views: factor price stickiness. This difference in assumptions drives the opposing views of monetary policy.
Many of the problem areas in the law of contracts stem from the historical fact that the law of contracts has been fashioned out of material that does not fit together logically. Some jurists view contracts as conventions serving to secure people's expectations. These jurists, who support their approach by invoking the allied philosophical traditions of utilitarianism and pragmatism, have tried to make the law of contracts a device to protect parties who rely on promised advantages. Therefore, these jurists want law-enforcement processes to make people live up to the expectations they arouse in others.
