The EnvironmentProduction TheoryValue and Exchange
The concept of "productive complements" shows us how capitalists have long sought to make as much use as they can of every part of the materials they use to make goods.
For example: Nonviable babies who die quickly after birth are recorded as live births in the U.S., but are more likely to be classified as stillbirths in other countries.
Bureaucracy and Regulation
Bad ideas can spread more quickly than good ones, often because they sound so good until you spend some time thinking about them.
Bob Luddy has proposed an innovative program for university education.
Today would have been Ralph Raico's eighty-second birthday. He was a foremost historian of classical liberalism and a leading libertarian theorist.
Government policy often lumps together many people it shouldn't — assuming that everyone in the group labeled "poor" or "low-income" will all benefit equally.
Bureaucracy and RegulationHealth
High-deductible or "catastrophic" health plans offer real protection from health disasters. But most government-approved forms of health "insurance" are really just welfare programs in disguise.