Free Markets

The increasing concentration on short-run effects is not only as a serious and dangerous intellectual error; it is a betrayal of the main duty of the economist and a grave menace to our civilization.

This course will consider some of the leading arguments advanced against libertarianism. Do these criticisms have any validity?

Here we have clearly the interest of labor put before the interest of consumers.

The public loves the fall of a ruthless and greedy financial titan — this, of course, is what made Oliver Stone's original <i>Wall Street</i> such a hit. But the practice of "insider trading" can actually be beneficial. In a free society, there would be no such thing as laws against so-called insider trading.

Many, perhaps most, people have a deep-rooted predisposition to keep things the way they are. This innate resistance to change finds expression in the political philosophy called conservatism.

May 15 is the 100th anniversary of the most famous antitrust ruling in US history — the 1911 Standard Oil case, and the 100 years of myths it engendered.

The New York City mayor has decreed the Nissan NV200 minivan will become the official taxi of the city. In addition to illustrating the corrupting effects of political power, the episode underscores the economic problems of government ownership of roads.