Chris Calton reviews Michael Sonenscher's Capitalism: The Story Behind the Word. The book meanders through abstract associations to claim that the division of labor is “worse” than capitalism without providing context or engaging with real historical developments.
Keynesian economists claim government budget surpluses are national savings, but real savings drive capital development. A surplus just means more revenue to the government, not the private economy.
Dr. David Gordon reviews Profit Without Apology: businessmen are “too timid, too apologetic, too hesitant to declare that what they do is good.”
In this week's Friday Philosophy, Dr. David Gordon reviews Profit Without Apology: The Need to Stand Up For Business by Onkar Ghate and Dan Watkins. While praising the effort, he also shares some concerns.
"Anarcho-Capitalism is good in theory, but it would never work in the real world." That is a common objection to A-C, but is it correct? What are the objections and how do we answer them. Stanisław Wójtowicz provides some answers.
“Anarcho-capitalism is good in theory, but it would never work in the real world.” That is a common objection to anarcho-capitalsim, but is it correct? What are the objections and how do we answer them. Stanisław Wójtowicz provides some answers.
A yacht—like any good exchanged on the free market—represents countless value-maximizing exchanges and represents an industry that employs thousands of people to provide goods and services to others.
A yacht—like any good exchanged on the free market—represents countless value-maximizing exchanges and represents an industry that employs thousands of people to provide goods and services to others.
Timothy Terrell tackles the most common objections to capitalism, from inequality myths to profit “villainy,” and offers a principled, empirical defense of market institutions and voluntary exchange.
In a free society, legitimate economic success does not fall from the sky or come by force. Behind every fortune lies effort, risk, savings, time, discovery, validation, and social coordination.
