Susette Kelo, et al. v. City of New London, Connecticut
Susette Kelo would like to continue living in her newly-restored, waterfront home of seven years.
Susette Kelo would like to continue living in her newly-restored, waterfront home of seven years.
In this paper, I argue that Nozick fails to adequately defend the claim that a just state would arise from a Lockean state of nature by a process w
Mazzucato’s economic reasoning falters on one of the most basic axioms of economics, namely the broken-window fallacy.
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2014.
Left alone, the market always allocates resources to the highest bidder i.e., to their most highly valued uses and through this process of investment and reinvestment, capital is accumulated and the marginal productivity of labor increases. Thus when the market remains free, wages and living standards are seen to continually increase as well.
The word efficiency as used by government has been demoted from a useful analytical term to little more than another warning to watch your wallet.
A private seminar for graduate students. Recorded at the Mises Institute in Auburn, Alabama, on 21 July 2014.