Free Markets

To build a roads system, an administrative price mechanism—commercialization—may yield some solutions to the problems of public roads but it gives rise to other problems

For the usual readers of free market books, Naked Economics promises exciting reading. Charles Wheelan, an American correspondent of London’s Economist 

In the decades following World War II, when the scope of government was increasing dramatically, Alan Peacock was one of those rare British economists who argued for less government.

This book is a collection of ten previously published essays that address some of the most important questions of twentieth-century America.

 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.

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