Free Markets
Should Wal-Mart Be Broken Up?
It is certainly true that antitrust regulation has in the past been used as a protectionist device by punishing firms for being too good at pleasing consumers, thereby taking business away from economically inferior but politically connected competitors.
The Anarchist Society vs. the Military State: The Insignificance of the Free Rider
Delivered at the Mises Institute on July 6, 2006.
Senator Stevens is Not As Dumb as He Sounds
There is no such thing as perfect neutrality in the world of economics. Information flows must be rationed somehow. Do we want it rationed by the market price system, or the likes of the US Senate? That is what the future of this technical debate is all about.
Planning vs. Affordable Housing
Growth-management laws serve only to increase home prices and exclude more people from enjoying the benefits of home ownership. Government should get out of the way and let homebuilders provide affordable housing that will change the lives of low-income people for the better.
Idealism and Optimism as a Market Force
Indeed, all of our lives are touched in some way by an array of nonprofit organizations working toward carrying out defined goals in voluntary, non-coercive ways.
Superman Needs an Agent
First, Superman clearly needs an agent. Second, a background in economics sometimes makes movie viewing difficult.
Mexico’s Advanced Auction on Stolen Goods
Under decentralized government, close elections might still make for enjoyable standoffs, but the stakes would not be nearly so high.
Toward a Reconstruction of Utility and Welfare Economics
Economic science per se cannot establish ethical statements. The problem of 'welfare economics' has always been to find some way to circumvent this restriction on economics….The free market is the name for the array of all the voluntary exchanges that take place in the world.
The Individualist Code
It's the code that Isabel Paterson, the great twentieth-century libertarian, had in mind when she said that modern ideas of freedom are dependent on "the axiom of liberty" embedded in Christian teaching.