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Many rich people publicly support measures to "raise taxes on the rich." This is because the cost of voting to give away $1 million is far lower than the cost of actually giving it away.
Many people are familiar with Eugen von Bőhm-Bawerk's damning critique of Marx, but Philip Wicksteed also took the time to show where Marx had gone wrong and struck his surplus theory of value a fatal blow.
Consumers are unpredictable, so it's very easy to miss important entrepreneurial opportunities. Entrepreneurship isn't as easy as it looks.
Philosophy and Methodology
Is just aiding and abetting someone in committing an aggressive act a violation of the nonaggression principle? What if you were "just" driving the getaway car?
Philosophy and MethodologyPolitical Theory
Uncritically holding democracy out as an ideal overlooks the question of whether market democracy or political democracy better serves citizens.
Calculation and KnowledgeOther Schools of ThoughtPraxeology
Central planners like Cass Sunstein think our alleged "irrationality" means we need the government to intervene in our daily lives.
SocialismPhilosophy and Methodology
Karl Marx agreed with Rothbard that individual rights lead to inequality. For Marx, though, this was an argument against rights.
Political and economic salvation for Venezuela can come only from the Venezuelan people themselves. They cannot be “forced to be free.”