Whether the middle schoolers in your life are educated at home or elsewhere, the best way to introduce the economics of Liberty is Whatever Happened to Penny Candy?
This is the book that introduced me – at age 38 – to Austrian Economics. I read the book after my homeschooling wife bought it as an economics text for my oldest son. Penny Candy shook my neoclassical background to the core — in an evening nonetheless.
The Church of England has some monopoly power in this area, causing it to lose its focus and ignore the needs of its consumers. The Economist calls for its disestablishment. An excerpt:
Recently, re-listening to the 1991 lecture “Ayn Rand, Intellectual Property Rights, and Human Liberty,” by Objectivist attorney Murray Franck, I was struck by one of quotes given in defense of IP. During his lecture, Franck reads (most of) the following quote approvingly:
[This article is excerpted from the title essay and the introduction to the first edition of Egalitarianism as a Revolt Against Nature and Other Essays.]
Probably the most common question that has been hurled at me — in some exasperation — over the years is, “Why don’t you stick to economics?”
When two individuals trade goods as an isolated event, catallactics can only say that the exchange ratio in this act of barter will ensure that each trader gains something more valuable than what he gives up. Beyond that truism, the exchange ratio (barter “price”) could be anywhere in a wide range.
On July 29, the SEC announced that it would extend its original 10-day restriction on “naked” short sales of 19 major financial companies through August 12.
