Free Markets

Robert Lucas misses two important reasons why government/Keynesian stimulus schemes fail miserably.

Bourne defined war as the ultimate act of statehood, as the utmost act of "a group in its aggressive aspects."

We have to make a fundamental choice: we can either engage in the social division of labor and contribute to our own and society's overall prosperity, or turn our backs on civilization and live the nasty, brutish, and short life that awaits.

Mises and Hayek are widely considered the most eminent liberal thinkers of the twentieth century. But, there are differences in their two legacies.

While "cash for clunkers" accelerated consumption in the month of August, it left a gap in demand following the program's demise.

The Chinese economic miracle is nothing but a redder version of Keynesianism.

The period between 1873 and 1894 remains one of the most misunderstood and debated in all of American economic history. To some, this era represents the greatest phase of industrial growth in the country's history.

One of the most destructive ideas in American history may be collapsing under its own unsupportable weight.