Global Economy

But if investment-conference attendance is any indication, the price of gold and other commodities has a long way to go — up.

You may say it another way: that the intentions of mass production cannot be realized unless management and labor are both free. So long as that freedom existed in the motorcar industry, the cost of an automobile went lower and lower until it became, pound for pound, the cheapest manufactured thing in the world, not the Ford car only but all cars; and automobile labor at the same time was the highest-paid labor of its kind in the world.

We do know, however, that free people are better able to adapt and prosper than unfree people, in whatever situation the future holds.

In their eagerness to keep the pot boiling somehow, somewhere, many financial pundits are spinning the line that Emerging Markets now offer a form

In a longer talk, I could discuss the role of police and enforcement of judgments, but this much should give some flavor of the legal system practiced by the Somalis. It provides an effective rule of law entirely without the backing of a government.

What, then, can be done with economic theory whose models resemble jokes about how many elephants can be fit into a refrigerator? And how, given the overrepresentation of often indecipherable mathematical symbolism, is one to distinguish good economics from bad?

Anyone that has lived in or toured a big city like New York, London or Tokyo will undoubtedly bump into black market goods being sold on the side o

The great Hans Sennholz writes about the future of the economy circa Decembe

1,028 leading economists have taken out an ad in the Wall Street

As the mortgage-backed securities market meltdown accelerates, Bloomberg reports