Socialism: Freedom vs. Slavery (1 of 4)

Socialism: Freedom vs. Slavery (1 of 4)

I am here in Buenos Aires as a guest of the Centro de Difusión Economía Libre. What is economía libre? What does this system of economic freedom mean? The answer is simple: it is the market economy; it is the system in which the cooperation of individuals in the...
Jean-Baptiste Say and the “Law of Markets”

Jean-Baptiste Say and the “Law of Markets”

Whatever economic freedom we enjoy in the world today is due, to a great extent, to the ideas and efforts of the classical liberals and economists of the first half of the nineteenth century. Inspired by the eighteenth-century writings of the French Physiocrats and...
Capitalism: Capital and Wages (3 of 3)

Capitalism: Capital and Wages (3 of 3)

The capitalist system was termed “capitalism” not by a friend of the system, but by an individual who considered it to be the worst of all historical systems, the greatest evil that had ever befallen mankind. That man was Karl Marx. Nevertheless, there is...
Capitalism: Opposition from the Intellectuals (2 of 3)

Capitalism: Opposition from the Intellectuals (2 of 3)

In spite of all its benefits, capitalism has been furiously attacked and criticized. It is necessary that we understand the origin of this antipathy. It is a fact that the hatred of capitalism originated not with the masses, not among the workers themselves, but among...
Introduction to Ludwig Von Mises’ Economic Policy

Introduction to Ludwig Von Mises’ Economic Policy

The ideal economic policy, both for today and tomorrow, is very simple. Government should protect and defend against domestic and foreign aggression the lives and property of the persons under its jurisdiction, settle disputes that arise, and leave the people...

Profits Are Progressive

Is profit a dirty word? Would the world be better off without them? Or are profits progressive — the only thing that can move potatoes from Idaho to Manhattan and medicine from America to Africa? Professor and economist Walter Williams...
The Bad Economics of Short-Run Policies

The Bad Economics of Short-Run Policies

Bad economics can bring about or grow out of bad politics. But the question is, what are bad economics and bad politics? Unless this is clearly and correctly identified, a bad situation can be made worse, and a good situation can be turned into a bad one. So sorting...

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