Inequality of Wealth and Incomes
Inequality of wealth and incomes is an essential feature of the market economy.
Free Markets
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You Can’t Run a Government “Like a Business”
Calls for finding efficiencies in government by electing or appointing people to “run it like a business” are futile.
“Sweatshops” Are Like Lifeboats for the Poor — Don’t Sink Them
The answer to why people continue to work in such deplorable conditions is pretty simple: they don’t have any other options.
The Economic Theory of the Firm
Could there be firms without corporate law? The answer is obvious: firms exist and are an important part of modern markets today just as they existed and provided a vital function before the advent of modern legal systems.
The Fable of the Leeches: Or Why Economists Are Wrong to Assume Markets Require Contract Enforcement
Recorded at Mises University 2018.
The European Miracle
It was in Europe—and above all, America — that human beings first achieved per capita economic growth over a long period of time.
