Both economists and laypeople carelessly refer to interest rates as the "price" of money. As Austrian economists have pointed out, however, interest is what people are willing to pay to control resources at the present time instead of waiting until later, time preference.
There is an attack on the customer by its anti-market enemies.
The Perfect Market Hypothesis claims that all movements in the market can be considered as random, as market players and prices adjust immediately to new information. However, market players do seek new information and seek to use it.
Joshua Mawhorter argues that slavery persisted largely due to government intervention rather than free-market mechanisms.
Texas politicians have decided their political "wisdom" can replace a market pricing system in production and distribution of electricity. Failure looms.
The late Walter Williams was a clear thinker when it came to issues of race and economics. While some socio-economic differences in society can be attributed to racism in society, most of it cannot, and Williams was not shy in pointing out that fact.
Socialists claim that any work done in a market economy is oppressive because labor in that situation cannot be adequately compensated. However, workers in a market system freely choose among many alternatives in order provide the best opportunities for themselves.
So-called fair trade is the rage among elites who believe that it protects people in poor nations who would like higher prices for their exports. In reality, fair trade distorts prices and provides disincentives for consumers.
Under the regime of apartheid, South Africa's government engaged in legal discrimination. In the new South Africa, the government also engages in legal racial discrimination in the name of "equity."
Comparative institutional analysis of both policing provided by government bureaucracies and by private enterprises that can engage in economic calculation.
