Why There is No Such Thing as an Exploitative Monopoly in a Free Market
What's a telltale sign of economic illiteracy? I'm starting to believe the worst is the claim that markets lead to monopoly and the accumulation of wealth in a few hands.
Protectionism and Free Trade
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Nation, Migration, and Trade: Essays on Mises and the Classical Economists
1. Mises on Nationalism, the Right to Self-Determination, and the Problem of Immigration 1. Introduction In the current discussion about immigration, Ludwig von Mises is often invoked by libertarians as a staunch proponent of free trade in the...
GDP, Free Trade, and Prosperity
GDP is not a useful measure of the material prosperity of a nation, and the way GDP is measured tends to hide the benefits of free trade.
There Are No Winners in the US-China “Tech War”
The alleged rise of China to impending global tech dominance is greatly overstated. And US efforts to combat China will only make American companies less competitive.
The Myth of the Failure of Capitalism
It is true that socialism and interventionism have not yet succeeded in completely eliminating capitalism. If they had, we would rediscover the meaning of hunger on a massive scale.
GDP, Free Trade, and Prosperity
GDP is not a useful measure of the material prosperity of a nation, and the way GDP is measured tends to hide the benefits of free trade.
Why the EU Keeps Fighting Brexit
EU membership is a sort of bait-and-switch for states that were sold on membership as an opportunity to join a free trade bloc and a chance to participate in a more cooperative Europe.
The Problem with Africa’s Protectionism
Protectionism is often most damaging when it prevents entrepreneurs from accessing products and services that would have increased domestic capital and worker productivity. The result is poorer workers and less productive domestic industry.
Why the EU Keeps Fighting Brexit
EU membership is a sort of bait-and-switch for states that were sold on membership as an opportunity to join a free trade bloc and a chance to participate in a more cooperative Europe.
Common Errors in Cost/Benefit Justifications of the Coronavirus Lockdowns
Bob explains some of the basic–but crucial–errors in the cost/benefit analyses that have been offered by economists to justify the political coronavirus lockdowns.
