steel tariffs only when threatened with WTO-approved sanctions. A regime whose policies are protectionism at home and war abroad, ignoring all critics and the point for theoretical clarity. The subsidy Chile gives its wine is bad policy. It is not a violation of free-trade principles. On the other hand, protecting California ‘s wineries from competition from abroad is a violation of free-trade principles. It means ripping off
intellectual movement has been to allow its ideas to be categorized as a “public policy“ option. The formulation implies a concession that it is up to the state--its profits and productivity. They aren’t just about spurring innovation and competition. To make a transition from statism to the market economy means a complete
The chairman was to “de-velop and recommend to the President national economic policies to foster and promote free competitive enterprise, to avoid economic fluctuations or to diminish the effects economic post in the White House. The presentation of the data and the policy recommendations have always been tainted by politics. There is a built-in bias
regime the archetype of political evil. This view does not extend to his economic policies, however. Far from it. They are embraced by governments all around the on huge public-works programs like autobahns, protected industry from foreign competition, expanded credit, instituted jobs programs, bullied the private sector on to stimulate supply and demand through large-scale military expenditure, foreign-policy adventurism, welfare, deficits, and the promotion of nationalist fervor. Such
The real issue is the fundamental problem of public property. Economists speak of competition as if it always and everywhere leads to better service and performance. As regards government, Bush has been worse than any president since LBJ. On trade policy, he has been worse than anyone since Hoover. Kerry’s position is that Bush has
matching the discount fares of smaller airlines. The boon that rigorous price competition has meant for travelers for the last several years has come to an end. to them in its attack on major airlines reflects intellectual bankruptcy and policy backwardness. The best strategy for dealing with these periodic assaults on
dynamic analysis would foresee different kinds of goods appearing on the shelves. Competition will take a different shape and might even, in the long run, end up rise to the decision. A company called Leegin Creative Leather had a no-discount policy that came with its decision to sell to Kay’s Kloset. Kay’s didn’t honor that or a bad one? Every producer wants the highest possible price, but it too faces a competitive marketplace. To maintain a high price in the face of expanding
for capital use are as varied as the capital stock itself. Austrian theory sees competition as a process of discovering new and better ways to organize resources, But this is disingenuous, since these same economists use these models for policy recommendations. One obvious example of basing policy on contrived models of
new role, from the exploiter of workers to the responsible advocate of pro-worker policies. And how selfless, for who has to pay such higher wages but companies like that did not have these practices. Regulation is thus a violent method of competition. Think of it this way. Let’s say you run a retail coffee shop that sells
effort to bring us out of recession through a variety of fiscal and monetary policies. If recovery is really here, can we say that these policies have worked? Not because they were brought about through artificial means. There are also certain policy trends which suggest that it might not last or that it will not be as robust is going to inspire this sector to clean up its act? Protecting an industry from competition is a method that permits everything wrong with the industry to persist
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.