Capitalism

The accusations against capitalism that we read not only from progressives but also conservatives are based upon fallacious thinking. It’s time to deal with these fallacies head on.

Henry Hazlitt, a great champion of liberty and Austrian economics, was born on November 28, 1894. His most famous book, Economics in One Lesson, remains a best seller thirty years after his death.

Instead of the usual statist candidates, Argentine voters have elected a self-proclaimed Rothbardian who is calling for radical free-market changes in the nation's economy.

As war rages in the Middle East, we are reminded of what Mises wrote in 1949 on warfare and its awful effects.

Humanity progressed very slowly from the fall of the Roman Empire to almost the nineteenth century. Then came the Industrial Revolution, which changed everything.

Instead of the usual statist candidates, Argentine voters have to opportunity to elect a Rothbardian who is calling for radical free-market changes in the nation's economy.

As war rages in the Middle East, we are reminded of what Mises wrote in 1949 on warfare and its awful effects.

While philosophy is a discipline that has been hijacked by the Left, once in a while a philosopher comes along and surprises us.

The state is held together by violence and nothing else. There is no such thing as "the social contract." But even violence cannot make a state last past its time, as we saw with the USSR.

Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true.