Free Markets

Roderick Long celebrates Ayn Rand's work and influence in this piece written on the centenary of her birth.

Despite years of policy debacle and dictatorship, writes Ryan McMaken, Chile has taken a turn toward liberalism that has gone largely unnoticed.

It is the conviction of the liberal intellectual tradition dating back to the Middle Ages that society contains within itself the capacity for internal self-management. This is in contrast to the claims of the sociology literature, which posits that human society is riddled with conflict between groups: races, ages, ethnicities, and abilities.

Indeed, because a free market in space industries would be open to all competitors, we have every reason to expect technological innovation to be much quicker than in a monopolized space program.

Robert Murphy concedes that it is theoretically possible that an expanded global marketplace could make one country less wealthy on net. However, there are other considerations.

Most everyone assumes that capital exploits labor, writes Vlad Menshikov. But this point of view is completely wrong. 

Robert Murphy asks: what do various proposals to regulate trade all have in common? They are all attempts to prevent people from cooperating with each other.

Deepak Lal writes as a convinced advocate of American Empire. But in the course of the book, he undermines his own reasons for defending imperialism and offers a devastating criticism of democratic imperialism and of Woodrow Wilson’s Utopianism.

Many people have said that the collapse of the Soviet Union proved that Mises was correct. New research into the origins of writing, writes Gene Callahan, provides clues that allows us to formulate Mises's argument concerning calculation more precisely. 

Day in and day out, for hundreds of years, pawnbrokers have engaged in a perfectly legitimate business, write Glen Tenney.