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Economics
Let a Billion Preferences Bloom
There isn’t much room for diversity and dissent, however, when everything is decided politically. Mass customization and diversity are commercial society’s virtues. Mass regimentation and uniformity are political society’s vices. The stark contrast is clear in the proximity between Halloween and Election Day.
The Myth of the Failure of Capitalism
The nearly universal opinion expressed these days is that the economic crisis of recent years marks the end of capitalism. Capitalism allegedly has failed, has proven itself incapable of solving economic problems, and so mankind has no alternative, if it is to survive, than to make the transition to a planned economy, to socialism.
Having a Right To Work and a Right To Profit
The work furnished by the Government was done at the expense of labour, paid for by the tax-payer.
Foreign Welfare at Taxpayer Expense
Much is hoped from the future prosperity of Algeria; be it so. But the drain to which France is being subjected ought not to be kept entirely out of sight.
Luxury and Frugality
On the myth that “it is the superfluity of the rich which makes bread for the poor.”
State Security of Loans
It is an injustice to the tax-payers, who are made to pay a debt which is no concern of theirs.
The Curse of Automation
“A curse on machines! Every year, their increasing power devotes millions of workmen to pauperism, by depriving them of work, and therefore of wages and bread. A curse on machines!”
The Illusory “Benefits” of Restricting Trade and Industry
Some persons consider that plunder is perfectly justifiable, if only sanctioned by law.
The Importance of the Middleman
They would gladly suppress the capitalist, the banker, the speculator, the projector, the merchant, and the trader, accusing them of interposing between production and consumption, to extort from both, without giving either anything in return.
The Loss To The Economy From Public Works
The State opens a road, builds a palace, straightens a street, cuts a canal; and so gives work to certain workmen — this is what is seen: but it deprives certain other workmen of work, and this is what is not seen.
Ought the State to Support the Arts?
If they take one direction, it is only because they have been diverted from another.
No Better Investment Than Taxes?
It is nonsense to say that the Government officer will spend these hundred sous to the great profit of national labour; the thief would do the same; and so would James B., if he had not been stopped on the road by the extra-legal parasite, nor by the lawful sponger.
Disaggregating Keynes Demonstrates Macro Delusions
Keynesian Economics has continued to dominate and hold sway over the way the vast majority of economists think about and analyze the nature of economy-wide fluctuations in employment and output.
Disbanding The Troops
You do not see that to dismiss a hundred thousand soldiers is not to do away with a million of money, but to return it to the tax-payers.
That Which is Seen, and That Which is Not Seen
What would become of the glass makers, if nobody ever broke windows?
The Politics and Economics of Plato, Aristotle, and the Ancient Greeks
In Aristotle, we find a more subtle and sophisticated understanding of some economic themes than in Plato. While Aristotle’s answers were incomplete and often misdirected, as well as incorrect, he at least was among the first to ask the types of questions that centuries later became part of the heart of economic analysis and understanding.
The Intellectual Assault on Economic Activity and Capitalism, Part 2 of 2
Economics proves the existence of a harmony of the rational self-interests of all participants in the economic system—a harmony which permeates the institutions of private ownership of the means of production, economic inequality, and economic competition.
The Intellectual Assault on Economic Activity and Capitalism, Part 1 of 2
Capitalism is denounced as “an anarchy of production,” a chaos ruled by “exploiters,” “robber barons,” and “profiteers,” who “coldly,” “calculatingly,” “heartlessly,” and “greedily” consume the efforts and destroy the lives of the broad masses of average, innocent people.
Capitalism and the Economic History of the United States
The development of all the institutional features of capitalism is well illustrated by the economic history of the United States.
Capitalism and the Origin of Economic Institutions
Economic progress is the leading manifestation of yet another major institutional feature of capitalism: the harmony of the rational self-interests of all men, in which the success of each promotes the well-being of all.
Capitalism and Freedom Require Government
The existence of freedom under laissez-faire capitalism requires the existence of government.
The Philosophical Foundations of Capitalism
The greatest era of capitalist development—the last two centuries—has taken place under the ongoing cultural influence of the philosophy of the Enlightenment.
No Recovery Without Production
“Saving lives” is inseparable from saving livelihoods.
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