The Free Market

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Intellectual Cover for Socialism

Philosophy and Methodology

07/25/2019The Free Market
But how can anyone deny that the East German or Russian experience is decisive evidence against socialism? The answer lies in creating a arcane theories that make socialism sound reasonable.
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The Siren Song of the State

Political Theory

07/23/2019The Free Market
We Americans shall never have real, lasting peace so long as we give our allegiance to a king—that is, in our case, to the whole conglomeration of institutionalized exploiters and murderers we know as the state.
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oct07_0.pdf

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What Causes Moral Hazard?

Big GovernmentInterventionism

09/06/2018The Free Market
It is not co-ownership per se that causes moral hazards. They are caused by the uninvited and unwanted co-ownership that springs from interventionism.
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apr08_0.pdf

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Nonsense on Deflation

Money and BanksU.S. Economy

08/11/2018The Free Market
That deflation is always and everywhere a bad thing is now an almost universal article of faith among mainstream economists and financial commentators.
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dec08_0.pdf

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The Cultural and Political Consequences of Fiat Money

Fiscal TheoryMoney and Banking

10/31/2014The Free Market
The Free Market 32, no. 10 (October 2014) It may seem unusual that an economist would talk about culture. Usually, we talk about prices and production, quantities produced, employment, the structure of production, scarce resources, and entrepreneurship. But there are certain things that economists...
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Biographer, Scholar, Friend: Mary Sennholz at 100

Education

09/08/2014The Free Market
The Free Market 31, no. 12 (December 2013) Mary Sennholz, wife of Austrian economist Hans Sennholz and friend of Margit and Ludwig von Mises, recently spoke with Senior Fellow Jeffrey Herbener and Associated Scholar Shawn Ritenour about her long career as a writer and editor, and as a friend and...
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A New Austrian Textbook for All Economists

09/07/2014The Free Market
Economics students, including undergraduates, are groups I am targeting with the book. The book is not an introductory economics text from an Austrian perspective, and assumes that the reader already knows some economics.
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How Entrepreneurs Make Society Better

The Entrepreneur

09/07/2014The Free Market
The capitalist entrepreneur acts with a specific goal in mind: to attain a monetary profit.
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The Power of the State versus the Power of Love

Political Theory

08/06/2013The Free Market
The Free Market 31, no. 8 (August 2013) For thousands of years, philosophers have argued that society must invest great power in the rulers because only great power can hold back the forces of evil—violence, plunder, and disorder. They have often conceded, however, that this solution has a down...
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August2013_0.pdf

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How Economic Progress Is Made

The Entrepreneur

04/03/2013The Free Market
The Free Market 31, no. 4 (April 2013) T he remarkable prosperity that people in capitalist economies enjoy at the beginning of the twenty-first century ranks at the very top of all achievements of human civilization. This prosperity is all the more remarkable when one realizes that the economic...
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April2013_0.pdf

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