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Neo-Calvinist economic thought claims that prices and private property cause scarcity. However, they provide no methodology for their claims.
Corporate WelfareCronyism and CorporatismThe EntrepreneurFree Markets
It is easy to dismiss Chinese advancements in electric vehicles as the result of government subsidies, but private entrepreneurship also is playing a major role.
ProgressivismPhilosophy and Methodology
Murray Rothbard was no fan of John Stuart Mill's philosophy and neither is Philip Kitcher. However, there is a huge divide in how Rothbard and Kitcher view Mill.
The EntrepreneurFree MarketsEntrepreneurship
In our technocratic age, it is easy to dismiss the latest technological developments as an avenue toward freedom, but some of them still bode well for markets.
Opponents of "national divorce" like to claim that red states would be broke without a flood of money from wealthier, productive blue states. It's not true.
History of the Austrian School of EconomicsPraxeology
One of the fundamental tenets of Austrian economics is the ordinal value scale. Augustine articulated the idea more than a thousand years before Carl Menger wrote his pathbreaking Principles of Economics.
Economic PolicyFree MarketsProtectionism and Free Trade
President Biden's recent call to "buy American" is doomed to failure, just like all other protectionist schemes.
"Woke" is not "fighting racism," no matter how it is phrased. It is about undermining a society and its economy, declaring our social and economic institutions as illegitimate.