Say’s Law of Markets already included the answers to the questions against free markets with which the Keynesians attempted to challenge the efficacy of capitalism a century later.
The task is not to be on some mythical “right side of history,” but to make history reflect the triumph and success of the idea and ideals of human liberty.
Marx saw himself as the sociological and economic analyst of the capitalist epoch through which he was living.
Almost 170 years have passed since Frédéric Bastiat’s death, but there are few writers on economic topics that remain as readable or relevant to the issues of our own day.
The essential element in government planning is the threat or use of force to make all the others in society conform to political planner’s purposes and intentions.
Where are you more likely to earn a better salaried income, in the private sector or working for the government?
The narrative of ‘the monopolist jacking up prices to exploit its customers’ only applies to government-granted monopolies, such as the postal service or many utilities.
A false guide for central bank monetary policy.
The nineteenth century victory of free trade over Mercantilism and Protectionism represented one of the great triumphs in the history of classical liberalism.
David Ricardo (1772-1823) was one of the most influential economic theorists of the first half of the nineteenth century.