Free Markets

Many economists consider public goods to be a case of market “failure.” They argue that the free market cannot finance the optimal amou

Those who deny that the provision of protection services could be supplied through either the market or some other nonmonopolistic device must ther

When government monopolization of the roadways is discussed by economists, the “externalities” argument is usually raised.

Classical liberals and libertarians believe that individuals have rights, even if there is debate about just why we have them or how this can be pr

It is the task of this paper to describe what can happen to “a good cause” when it is “ineptly defended,” and to address the problem of the relatio

The municipal reform movement of the progressive era succeeded in establishing local government monopoly in the provision of urban services. Competitive markets in such services as fire-fighting, street lighting, refuse removal, transit, and even policing then gave way to municipal bureaus and departments.

A paper reviewing George Smith’s article “Justice Entrepreneurship in A Free Market” by Steven Strasnick.

Free societies (whatever the fine points in defining “free”) are not necessarily self-perpetuating.

The twentieth century libertarian movement has experienced an ongoing debate between the minarchists, the advocates of “limited” govern

This paper seeks to present Mises’s views on cultural questions as well as his belief that certain cultural institutions are buttressed by a