Free Markets

Say's law not only points to the fallacy of the accelerator but to its corollary, "derived demand."

A strong tradition of leniency toward the implications of union activities existed among the British economists.

What is of great economic interest is not the mode of distribution at a moment of time but its mode of change over time.

Jefferson was disillusioned by the public debt, high taxation, government spending, flood of paper money, and bank monopolies that accompanied the war.

Robert Neuwirth is a journalist who is preoccupied with this question: What do people do when the state has made satisfaction of their wants, their natural desire to improve their lives, almost impossible? He’ll give you much to think about, and he’ll provide much contemporary evidence while he’s at it for something he really doesn’t yet believe or even fully understand.

Why is it that men become less thankful as their blessings increase? Marginal-utility theory helps us understand.

These idealists reveal themselves as believers in force and the efficacy of police measures to curb the egoism of individuals.

Banks couldn't collude on behalf of debit-card fees, even if they so wanted, because they're more interested in retaining current customers and attracting new ones from institutions that assess unpopular charges.

In the acts of government, a singleness of conduct is attempted that by its very nature defies the law of variation — the requisite of progress.

From Power and Market, narrated by Jeff Riggenbach.