Free Markets

Peter G. Klein explains how “Healthcare” would work, if it functioned in a free market.  

 Why write an article on a subject you know nothing about? This is a question Amia Srinivasan might usefully have asked herself.

Philosophers have argued that society must invest great power in the rulers because only great power can hold back the forces of evil. Is there another alternative?

 If we wish to limit the power of the state, the state’s death penalty may be a good place to start.

Water is distributed in the West not by markets and market prices, but by the political process.

Most economists and policy analysts seem to have a superficial reading of economic variables.
 

Chadwick believed in incentive-based social reform. He also wrote about moral hazard problems, anticipating many insights of contemporary economics.

Reason has demonstrated that, for man, the most adequate means of improving his condition is social cooperation and division of labor.

No government planner can compete with the resource allocation efficiency of a market system.

Americans’ right to a jury trial does not imply that drafting jurors is the best way to provide that right.