In Praise of Failure
The dot-com shakeup reminds us that both profit and loss have social and economic merit and should be allowed to take their market-driven course, says Lew Rockwell.
The dot-com shakeup reminds us that both profit and loss have social and economic merit and should be allowed to take their market-driven course, says Lew Rockwell.
Consumer sovereignty in the democracy of the market economy is supreme over every producer and over every worker from the clerk to the CEO. The consumer votes them all up or down.
The Social Security Commissioner sent out a letter revealing what the system will eventually pay. Gregory Bresiger is not pleased.
If a corporation were to engage in the deceit that is the government's daily business, the SEC would intervene with severity, says Hans Sennholz
Forget Modern Portfolio Theory: investing in stocks is just like investing in a business, says Frank Shostak.
Consider an essay by social theorist Alan Wolfe, in which purports to analyze America's excessively consumerist capitalist society.
Deregulation during his presidency actually laid the groundwork for the current prosperity, says William Anderson.
A survey of mainstream economists shows that a majority want to go to work for Gore, which, says William Anderson, is all we need to know
Benjamin Tucker wrote that "Power feeds on its spoils, and dies when its victims refuse to be despoiled."
The Austrian Theory has come under fire; Gene Callahan responds in defense.