Free Markets

As Peter Klein explains, resources in a modern economy are complex and specific — which is why we need free markets.

The development of capitalism consists in everyone's having the right to serve the customer better and/or more cheaply.

No walls, no government databases, no biometric national ID cards. But not a penny in welfare for immigrants. It is really that simple.

The success of fantasy sports is an illustration of how capitalism unleashes innovation, and how government can manage to ruin anything it touches.

The problem with the Excel spreadsheet approach is not the intentions of policymakers, but that such tools cannot possibly replace the market process.

Government schemes are powerless in gauging where comparative advantage lies, whether we are talking about trade or sports.

The government wants to arrogate to itself the power, which, in an economy, is in the hands of the consumers.

For Mises "human society is thus spiritual and teleological," the "product of thought and will."

Jeff Deist discusses the political and economic situation in Europe with two of the Institute's Fellows.

Out of eight theories aiming to explain the current slow economic growth not one is correct highlighting the need for a reformation to sound policies.