After peace came in 1783, the new republic faced a twofold economic adjustment: to peacetime from the artificial production and trade patterns during the war, and to a far different trading picture than had existed before the war.
Some critics of the market claim that markets are effective only under the near-impossible conditions of perfect competition, among other criticisms. Deirdre McCloskey addresses these issues and more, as David Gordon points out in this review.
While Argentina president-elect Javier Milei plans to privatize state-owned enterprises, there is a right way and a wrong way to privatize these entities. Murray Rothbard and Hans-Hermann Hoppe show the way.