Socialist Calculation
We are certainly as far from capitalism in its pure form as we are from any system of central planning. The world of today is just interventionist chaos.
We are certainly as far from capitalism in its pure form as we are from any system of central planning. The world of today is just interventionist chaos.
The Anti-Counterfeiting Trade Agreement (ACTA) contravenes every principle of civilized society, both in its content and in the nature of the proce
Covers the problems of government intervention into pollution and natural resource use issues, emphasizing importance of private property and indiv
"The direction of the future, of progress, is towards more abundance and prosperity and wealth. It is obscene to undermine the glorious operation of the market in producing wealth and abundance by imposing artificial scarcity on human knowledge and learning."
Contributors to Liberty who rejected intellectual property as a natural right were not hostile to copyright or patent enforced by contract.
"In the market, the decision of whether and how much litter to allow is based ultimately on the wishes and desires of the consumers!"
A society that values individual rights should not give liable parties a free pass. But a hostile federal takeover of BP would send a message to every other firm in the oil industry that their assets aren't safe from plunder.
A system of private-property rights over all else would be a better solution.
"Economics is the science that studies these individual agents of the market and how they coordinate through the price mechanism to create, not just what the mainstream considers 'the market,' but society as a whole, all without the necessity of a central planner or authority."
As interviewed by Dan Cofall on the Wall Street Shuffle radio program; CNN Radio; Dallas, Texas, 10 May 2010.