Free Markets

Why didn't private entrepreneurs finance the moon program in the 1960s? Robert Murphy explains that the financial returns from such a project wouldn’t come close to covering the expenses, which is a market signal.

Neoclassical economists often make matters more complicated than necessary; but, fortunately, the best of them manage to stumble close

People are right to feel excluded, ignored, and otherwise ill-served by the political system. And yet what do the two parties do about this?

If we had the medical system that a number of politicians and newspaper editorial writers in this country have been demanding, I very likely could have died.

Bruce Ramsey reports on his visit to a seminar conducted by Jeffrey Friedman of Barnard College. "The first day at Princeton has been a hosing-down."

It is conventional to credit medicines and hospitals for long lives, writes Jeffrey Tucker, but we should also give due regard to such conventional consumer products such as shoes that make life past the age of 40 worth living at all.

The Deficit Twins, are, at best, fraternal, not identical, writes Sean Corrigan. In the last six years, US defense spending has risen 60% and four-fifths of this increase has taken place just since the present Administration took office.

Is Australia a dry country? Not at all, writes Benjamin Marks. It has more rainfall than the United States!

Dale Steinreich's June article about the centenary of the founding of the American Medical Association caused a tremendous uproar. Here is his answer to critics.

Katy Delay writes of a group of Democrats who are working to revive the "third way" fashion from the 1990s.