Capitalism

Displaying 1 - 10 of 36

Why Slave Economies Thwart Entrepreneurial Innovation

CapitalismU.S. HistoryWorld History

Blog10/15/2020

In a slave economy, slave owners seek technological innovations that make slave labor more productive. But they also place inefficient and artificial limits on innovations that might change the established social order.

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The Paradox of Prosperity

Capitalism

Blog10/07/2020

The present fascination with socialism and hatred of capitalism reflects a combination of willful historical blindness, lack of simple common sense, and inexcusable economic ignorance.

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How Capitalists Improve Human Productivity

CapitalismProduction Theory

Blog09/07/2020

Capitalists, acting as intermediaries between present production and future consumption, are the key players in every capitalistic economy.

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Why We Need Landlords

CapitalismSocialismCalculation and Knowledge

Blog08/31/2020

A recurring theme among leftists in a world of scarce housing: Why should landlords be allowed to make a profit? It turns out there are many good reasons.

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Why Smarter Computers Won’t Make Socialism More Workable

CapitalismSocialism

Blog08/18/2020

Market knowledge is generated in individual transactions and by entrepreneurial drive. No amount of technology can replace the market process.

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How Murray Rothbard's Theory of Entrepreneur-Driven Progress Can Be Applied to Modern Businesses

CapitalismEntrepreneurshipProduction Theory

Blog08/05/2020

To succeed, entrepreneurs must demonstrate superior foresight and judgment, and practice continuous dynamic improvement in their assembly and reassembly of assets to serve the consumer.

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The Myth of the Failure of Capitalism

CapitalismProtectionism and Free TradeSocialism

Blog07/27/2020

It is true that socialism and interventionism have not yet succeeded in completely eliminating capitalism. If they had, we would rediscover the meaning of hunger on a massive scale.

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New Opportunities for Marxists: Climate Change and Coronavirus

CapitalismProgressivismSocialism

Blog07/22/2020

Every economic system is a mixture of market action and state control. The Marxist strategy is to blame every ill caused by state intervention on capitalism. 

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You Don't Have to "Cultivate Poverty" to Pursue Truth, Contrary to Thoreau

CapitalismMedia and CultureU.S. History

Blog07/11/2020

Henry David Thoreau left behind many great admonitions. Alas, philosophical gems are not legal tender when rent is due.

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Why Savings Are So Critical to Improving the Standard of Living

CapitalismProduction Theory

Blog07/10/2020

In order to produce capital goods, and hence more consumer goods, we must first forego current consumption. That is, we must save now to have more later.

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