King for a Day
Imagine how the world would work without private property and market prices. Citing Mises, Investors Business Daily rightly says the result would be chaos.
Free Markets
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Post-Socialist Political Economy: Selected Essays, by James Buchnan
Professor James Buchanan, the 1986 Nobel Laureate in Economics, has achieved fame through public choice economics, which he, together with Gordon Tullock, invented.Professor James Buchanan, the 1986 Nobel Laureate in Economics, has achieved fame through public choice economics, which he, together with Gordon Tullock, invented.
Learning from Web Commerce
The internet provides a remarkable test case of the free market. What have we learned?
The Private Production of Defense
Among the most popular and consequential beliefs of our age is the belief in collective security. Nothing less significant than the legitimacy of the modern state rests on this belief. And yet, the idea of a collective security is a myth that provides no justification for the modern state.
Jury Duty
Dominick Armentano explains why this coercive institution should be abolished, for reasons of both efficiency and liberty.
Waiting for Transplants
Former National Football League star Walter Payton has been stricken by a rare liver disease and needs a transplant in order to live. Unfortunately, the demand for available organs far outstrips the supply, and several thousand Americans this year will die waiting for those life-saving organs.
