especially textiles, which suddenly had to face the onrush of foreign competition,” Rothbard notes. For the modern reader, this paints an all-too-familiar
while longer! AW : When Jacques Delors talks about a “level playing field” for competition in Europe, is this then in reality more a case of playing on the wrong the road is open for the European central bank to coordinate its monetary policy (that is, the speed with which it debauches its money) with that of the US,
true to his compromising nature, Bob Taft turned over the leadership of foreign policy in the Senate to the renegade isolationist Arthur Vandenberg, now a hero of should decide to include Communists in their governments, this would be proof that competitive capitalism had not been approved in Europe, which instead was ridden with
as Enemies of Capitalism Introduction by Murray Rothbard An Aggressive Asian Policy Teddy Roosevelt and the “Lone Nut” Morgan, Wilson, and War The Fortuitous Fed Wars are inevitable, Dickinson declared, for they arise out of commercial competition between nations. The United States faces the danger of numerous
general workings of the market conformed to the insights of free-market economics: competition intensified, fares declined, the number of customers increased, and a result is overcrowding, shortages of runway space at prime time, and a rationing policy by the airports to provide a first-come first-served policy which virtually
selling Americans wonderful TV sets, autos, microchips, etc., at prices more than competitive with American firms. Is this “flood” of Japanese products really a manufacturers who would then be complaining about the “unfair,” “cheap labor” competition from various low-type “foreigners” from Tennessee or North Carolina, or TV sets to Americans for a penny apiece. Shouldn’t we rejoice at such an absurd policy of suffering severe losses by subsidizing us, the American consumers? And
selling Americans wonderful TV sets, autos, microchips, etc., at prices more than competitive with American firms. Is this “flood” of Japanese products really a manufacturers who would then be complaining about the “unfair,” “cheap labor” competition from various low-type “foreigners” from Tennessee or North Carolina, or TV sets to Americans for a penny apiece. Shouldn’t we rejoice at such an absurd policy of suffering severe losses by subsidizing us, the American consumers? And
of most Administration economists, Friedman has, in fact, made his mark in current policy, and indeed reciprocates as a sort of leading unofficial apologist for and unions down to small blacksmith-shop size, in order to arrive at “perfect” competition and what Simons conceived to be the “free market”; (2) a vast scheme of
decision of the producer, and used familiar analytical tools such as perfect competition, the isoquant-isocost framework, and the competitive versus monopoly tendency for the various producers to get together and decide production and price policy as if they were one firm only. If they could make such an agreement, they
gone so far as to speculate that the physiocrats would have been overjoyed at a policy of farm-price supports. Professor Spiegel believes that if the physiocrats had rather than unconditional reliance on private initiative within a framework of competition. Perhaps the tip-off on applying the Garrison insight is the common
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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.
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