Capitalism

Displaying 31 - 40 of 89

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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The Irony of Marxist Class Consciousness

CapitalismSocialism

Blog06/27/2020

Marx believed truth could only be fully understood by a certain socioeconomic class. Ludwig von Mises disagreed.

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What Anticapitalist Christian Economists Get Wrong

CapitalismPovertyU.S. History

Blog06/27/2020

The saddest aspect of this economic ignorance is that these evangelicals have completely ignored the real reductions in poverty rates in the past forty years, reductions that are due to liberalizing economies that once were in socialist straitjackets.

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Inequality is Overstated—and Overrated

CapitalismPovertySocialism

Blog06/15/2020

Measures of wealth inequality overstate actual inequality in terms of the standard of living of wealthy people relative to the rest.

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Governments Have Crippled the World's Economies. Revolution May Soon Follow.

CapitalismSocialismInterventionism

Blog06/06/2020

Mises knew: “Mass unemployment destroys the moral foundations of the social order. The young people…forced to remain idle, are the ferment out of which the most radical political movements are formed."

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