U.S. Economy

Mises was once asked what one institution gives evidence that a society has crossed into socialism from capitalism or vice versa, writes Dale Steinreich.

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 body-weight crusaders continue their Quixotic struggle, writes Gard Goldsmith, because they believe in the Marxist myth that the owners of the means of production make people buy things.

Howard Ruff has returned with a new book, Safely Prosperous or Really Rich: Choosing Your Personal Financial Heaven, and another recommendation to buy gold. Hey, it was lucky for him in 1975, maybe it will work for him again to sell three million books.

Competition is a productive aspect of the market economy, writes Ninos Malek, but sometimes businesses urge the government to intervene when their competitors pose a threat. This is the driving force behind antitrust legislation.

A life of fidelity to Leviathan in a government bureaucracy is neither a badge of honor nor the mark of a meaningful life, writes Chris Westley.

Some eagle-eyed reporters have been snooping around for the cause of Wal-Mart's successes, reports Art Carden, and discovered consumer service.

This book is the darkest of Garrett’s works, but he tells the full truth about the disaster of the New Deal. It contains three eloquent and long essays: “The Revolution Was,” which explains how the revolution came to the U.S. “within the form”;...

Consumers are eating shrimp like never before, writes Don Mathews, so why is the industry so unhappy?

Most people assume that gifts are wonderful to receive. But this view has recently come under attack, reports Robert Murphy finds riddled with fallacy.