Free Market Economics and Crony Capitalism
Does not big business wrap itself in the mantle of free markets? If so, are not exponents of free markets supporting crony capitalism?
Does not big business wrap itself in the mantle of free markets? If so, are not exponents of free markets supporting crony capitalism?
What these "excuses" point to is the marginal productivity of the worker is lower than the salary the employer is forced to him pay by law.
Amazon's new cashier-less and staff-less store is just the latest move in a long history of innovations that have made workers obsolete.
Merry Christmas and Happy Holidays from everyone at the Mises Institute.
Europe's tobacco bans have managed to destroy businesses without actually getting people to stop smoking.
It was in Europe — and above all, America — that human beings first achieved per capita economic growth over a long period of time.
Auburn, Alabama, is featured on the front cover of today's Wall Street Journal. I was interviewed extensively for the story, but was not mentioned. The story is about the relationship between the state university and increased manufacturing jobs.
In this three-lecture course, professor Mark Thornton will explain how prohibition has changed not only the market for marijuana, but also the characteristics of the drug itself.
We are told that robots will take our jobs. However, material liberation has allowed us to live more fulfilling lives than before.
Independent contractors such as Uber drivers may be legislated out of existence by European politicians.