Capitalism
Slobodian Contra Rothbard
In his new book, 'Crack-up Capitalism,' Quinn Slobodian sloppily attacks Rothbard's views on market freedom. But in his efforts to attack Rothbard generally, Slobodian also gets Rothbard wrong on slavery, on Indians, on war crimes, and more.
States Are Dying from Corruption and the Exponential
The state is held together by violence and nothing else. There is no such thing as "the social contract." But even violence cannot make a state last past its time, as we saw with the USSR.
Does Technical Knowledge Always Lead to Economic Growth?
Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true.
The Chinese Economy: Market Socialism with Chinese Characteristics
China rose from poverty after the Mao years only because its political leadership embraced private property and a market economy. Unfortunately, today the Communist leadership is moving back to socialism.
Cultural Change Is Necessary for Capital Development
In order for nations to have capital development and market-based economies, they must have a cultural framework that accepts these developments. Too many nations do not, and they languish in poverty as a result.
A Conversation with Prince Michael of Liechtenstein
Although most of Europe has long forgotten Misesian thinking, Prince Michael of Liechtenstein is an exception.
Why Mises’s Theory of Economic Calculation Still Is Relevant Today
Whether political elites promote outright socialism or interventionism, they are advocating a failed economy.
Cultural Change Is Necessary for Capital Development
In order for nations to have capital development and market-based economies, they must have a cultural framework that accepts these developments. Too many nations do not, and they languish in poverty as a result.
Was Japanese Colonialism the Engine of Later Prosperity for Korea and Taiwan? Probably Not
While Japan made some technological transfers to these places, prosperity came to them later, with the advent of free-market economies.