Free Markets

 I appreciate the fact that the author attempts to construct logical rather than mathematical arguments, as seems to be the disease that has struck most of the economics profession at the present time. 

Among all those goods which have been offered as examples of public goods, national defense and lighthouses have been among the most frequently cited.

All human institutions — governments, markets, money, etc. — suffer from the same problem: the imperfections so bitterly denounced by Schmookler. Greed, ignorance, myopia, irrationality are endemic in them all. 

Carnis reviews these two significant and imposing works that were published almost at the same time and are directed to readers interested in the topic of road infrastructure management.

The fundamental idea behind this book, as its title suggests, is that innovation is the driving force behind the remarkable growth miracle of capitalism. 

The condition of the American medical profession at the close of the Civil War was, in almost every particular, significantly different from that w

This essay presents a conceptual and moral rather than an economic analysis of “baby-selling.” Its purpose is to address certain fundam

Among the most popular and consequential beliefs of our age is the belief in collective security.

If law exists only where there are state-backed courts and codes, then every primitive society was lawless.

Libertarians’ devotion to individual rights, and to laws in support of those rights, is unquestionable.