Media and Culture

Two books have become almost cult classics among the academic left, and both reveal shocking ignorance of the most elementary level of economic logic. Thomas DiLorenzo explains.

Krassimir Petrov, an alumnus of Mises Institute programs, presents China&#

Historians are fond of saying that the Progressive Era ended at the end of World War I, writes William Anderson. 

Ideological factors, especially comparative religions, are considered. Until 1500, China was the most developed region on the globe. Confucianism has no promise of an afterlife. There are no miracles for them. They are realistic and rational. Confucius is not a god or prophet. He is revered as a great teacher. His teachings are compatible with capitalism.

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.

Last year, the governor of Alabama proposed and then overwhelmingly lost a bitter referendum to increase taxes and boost revenue, writes Chris Westley.

Katy Delay writes of a group of Democrats who are working to revive the "third way" fashion from the 1990s.

Republicans may complain about the liberal media, but they have no argument when it comes to the AM band, writes Chris Westley.

Critics level two charges against capitalism: First, they say, that the possession of a motor car, a television set, and a refrigera­tor does not make a man happy. Secondly, they add that there are still people who own none of these gadg­ets. Both propositions are correct, but they do not cast blame upon the capitalistic system of social cooperation.