Jobs has spent a lifetime living by Roark’s own singular rulebook not as the designer of buildings, but as the architect of a new approach to technology.
MARKETS
Big Business Loves Big Government
“Regulation doesn’t just kill existing businesses,” says Carney. “It keeps new businesses from ever entering.”
Capitalism Makes Us Better Off
Last week, I debunked three myths about capitalism. Here are four more…
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Carl Menger’s Theory of Institutions and Market Processes
Menger’s Distinct Approach to Economic Thinking
The Poetry of Work
“Poetry of work” is worth pursuing. It gives us purpose—and it gives us happiness.
Class Harmony, Not Class War
One of the innumerable destructive consequences of an almost 250-year-old error in economic theory made by Adam Smith.
The False Ideal of Equity
The false standard of equity leads to bad outcomes for everyone. The standard should not be equity but justice.
Should Business Fight Climate Change and Inequality?
The Hazards of Embracing Environmental, Social and Governance (ESG) Goals
Socialism Never Works
Socialist experiments failed in Sweden, Israel, India, Great Britain, Afghanistan, Syria, Algeria, Cambodia, Somalia, etc. There are no socialist success stories.
Equity Performance Amid One-Party Rule in America
If history (especially more recent history) is a guide, U.S. equity gains over the next two years of full Democratic control will be inferior, a result that is more probable given that the party is currently more anti-business, anti-profit, and anti-capitalist than at any other time since 1970.
“Sweatshops” are Good for the Planet—and People
Producing and consuming fast fashion and other sweatshop products is a win-win scenario for human flourishing: consumers get inexpensive products, workers and their employers prosper, working conditions improve and pollution diminishes, the planet gets greener, and the brands profit.
President Biden’s Push To Force Workers To Join Unions
President Biden’s “closed shop” labor union agenda would rob all those working for a living the liberty and latitude to do so freely and of their own choosing.
“Bubbles” and the Grand Selection Mechanism of Financial Markets
Whenever accusations of “bubbles” are thrown about, I think of these extraordinary stories and the grand selection mechanism that is financial markets.
How Does One Apply Rational Egoism in a Mixed Economy, Welfare State?
While the welfare state cannot be transformed into a free-market system overnight, businesspeople can help by speaking up (in forums open to them) when restrictions on freedom of business are being proposed by government and other groups.
Currency Competition May Save the Economy or Even Much More
It should never be illegal to do honest business in America, even if that means a transaction isn’t denominated in U.S. dollars.
Who is Carl Menger?
There are few works in the history of economics that may be truly considered “revolutionary” and “path-breaking,” in its starting premises, its logic, and its implications. But one that is in this category is Carl Menger’s Grundsätze der Volkswirtschaftsliche, his Principles of Economics in its English translation, which marks this year the 150th anniversary of its publication in 1871.
Art Gallery Demonstrates The Virtue of Independence
If there is a lesson to be learned from the economic lockdowns governments around the world started imposing on businesses in an attempt to contain the coronavirus pandemic, it is the importance of independence.
The Economics, Politics and Morality of Fiat Money: An Interview with Pro-Capitalist Economist Raymond Niles
Professor Niles discusses the economic, political and moral aspects of the U.S. dollar, inflation, gold standard, fiat, money and legal tender laws.
Confusing Free Market Capitalism with the Corrupt Interventionist State
It is difficult to see the difference between an actual free market and the interventionist system under which we live because so many across the political spectrum refer to ours as a “capitalist” society.
Clarity About Business Ethics
Altruism is not the only moral code; there is an alternative that facilitates long-term profit maximization.
“Socially Responsible” Funds: An Investment Con?
I save money by investing in passive investments funds and exchange-traded funds that don’t charge fat fees. They grow our economy without misleading people about “sustainability.”
Costs Must Be Weighed Against Benefits: The Economics of Dealing with Pandemics
What about the benefits and costs of dealing with the COVID-19 pandemic?
The Anti-Capitalist Mentality: “Anticommunism” versus Capitalism (Part 5 of 5)
What these self-styled “anticommunist liberals” are fighting against is not communism as such, but a communist system in which they themselves are not at the helm.
The Anti-Capitalist Mentality: The Noneconomic Objections to Capitalism (Part 4 of 5)
Changes in human conditions are brought about by the pioneering of the most clever and most energetic men. They take the lead and the rest of mankind follows them little by little. The innovation is first a luxury of only a few people, until by degrees it comes into the reach of the many.