A recently published article at The Week, with the title “How can we unleash positive animal spirits into the economy? Change the narrative,” provides a clear example of what’s wrong with the perception of economics and why modern economic approaches, possibly aiming to amend the shortcomings “identified” by this perception, is at a loss of explaining anything important.
The March issue of The Free Market is now online featuring David Gordon’s new review of Butler Shaffer’s A Libertarian Critique of Intellectual Property:
The February issue of The Free Market is now online containing new articles on the economics of “sweat shops” and a brief history of the world’s first modern libertarian movement.
Benjamin Powell speaks with the Mises Institute about his new book Out of Poverty: Sweatshops In the New Global Economy, and how so-called sweatshops have long been a key ingredient in an economy’s transiThe effects of US monetary policy on Colombia and Panama (2002-2007) More good work from Metro State’s Nicolas Cachanosky Highlights:
Jeremy Rifkin long has perfected the art of adding two and two and getting five. In the 1980s, he claimed that the Law of Entropy made it impossible to a free economy to exist, which meant that the State needed to plan and run things. (How the State would triumph over the Second Law of Thermodynamics is anyone’s guess, but Rifkin doesn’t need facts or even science, just wild conjecture.) He later declared that a new “hydrogen economy” was just around the corner – government just needed to engage in central planning and order hydrogen to be our new fuel of choice.
