Israel Kirzner and the Entrepreneurial Market Process

Recently, the Independent Institute published a new collection of essays on relatively obscure economists. Both professionals and lay people alike will undoubtedly find that one of the pleasures of reading Unsung Heroes of the Market: The 24 Underrated Economists You Need to Know is in discovering how many important thinkers have quietly shaped modern economics without ever becoming household names.

When Politicians Say “Bye” to Taxpayers

Seattle Mayor Katie Wilson recently dismissed concerns about wealthy residents leaving Washington over higher taxes with a simple “bye.” The remark was meant as confidence. It revealed something else—one of the most persistent errors behind progressive tax policy: the assumption that productive people are interchangeable, that capital is captive, and that wealth will continue flowing into government coffers no matter how it is treated.

The Iran War, Ali’s “Rope-a-Dope”, And the 1415 Battle of Agincourt

The military consequences of the Iran War have precedence in the 1415 Battle of Agincourt, in which an inferior number of English archers defeated a much superior number of French armored knights. Its implications reverberated for centuries. Heavily armored French knights became bogged down in mud and were slaughtered in great numbers.

The Anti-Federalists, America’s Unsung Heroes, Predicted Evil Empire & The Imperial Presidency

Should the Federal Constitution be ratified, there would be ‘no checks, no real balances,’ thundered Patrick Henry. Instead, the country would live under a ‘powerful and mighty empire.’

On the eve of the federal convention, and following its adjournment in September of 1787, the Anti-Federalists made the case that the Constitution makers in Philadelphia had exceeded the mandate they were given to amend the Articles of Confederation, and nothing more.