Robert Murphy's admirable book is much more than a conventional defense of capitalism. Murphy includes standard material, e.g., why price controls, minimum wage legislation, and rent control do not work.
In my field of economics, we have generally dismissed inferences based on mere correlations.
Binkley believes that as Las Vegas becomes like the rest of the country, the rest of America is becoming at least a little like Las Vegas, with gambling popping up everywhere.
Profit-seeking individuals are constantly searching for the most economic ways to produce goods for consumers, and virtual goods are no exception.
We are able to make more sense of all this insanity if we use the Austrian lens to observe that money doesn't have to be a force for human motivation. It is, rather, a tool of calculation.
Abolish Social Security completely and instantly — or Ron Paul's more politically viable answer, which would permit current payers to opt out of the system completely.
The real economic problem in all this is not whether we will get given commodities or services at given marginal costs but mainly by what commodities and services the needs of the people can be most cheaply satisfied.
The Mises Institute has consistently favored free trade--the real thing--while criticizing “free-trade agreements” as mercantilism in d
Even if the claims about the alleged crisis in manufacturing were true, the ultimate response is a big "So what?" There is nothing sacrosanct about manufacturing jobs.
