Global Economy

If socialists of old resented Pravda for giving them a bad name, writes Lew Rockwell, free enterprisers ought to feel the same about the Wall Street Journal's editorial page.

It was capitalism that finally ended the Great Depression, writes Tom DiLorenzo, not FDR's hair-brained cartel, wage-increasing, unionizing, and welfare state expanding policies. 

A basic understanding of the elementary economics of unionism, writes Tom DiLorezno, shows why violence against competitors has always been an inherent feature of unionism.

Everything we have heard from conventional wisdom regarding the minimum wage is false, writes Shawn Ritenour.

The "superior bargaining power" argument has always been the most important argument on behalf of unionism and of all the legislative privileges that unions enjoy. Thomas DiLorenzo points to Mises's demolition of the idea.

Gilligan's Island economics can provide useful thought experiments, writes B.K. Marcus, for the same reasons Robinson Crusoe economics has served as a staple of classical and Austrian School economics texts.

The term "overworked" can be highly subjective, writes Carl Horowitz. Even a classic workaholic has a point at which he says "enough!"

Just when the supposed threat of disinflation passed, now comes another frightful creation from the fearsome flation family: stagflation. Sean Corrigan explains.

If minimum wage laws are not found to harm small businesses or lead to rising prices, Tom Lehman asks, then they must be ok?

The macroeconomics of China look fabulous, writes Nicolas Bouzou. A microeconomic approach leads to a more nuanced analysis.