Is the Monopoly Board Game Like Real Markets?
Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life.
Free Markets
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Regulation in the Free Market: It’s Not What Most People Believe
Can a government regulatory system be reformed? In a word, no. The free market is always the best regulator of quality and safety.
The Problem with Public Transit
Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame.
Deneen’s Common Good Statism
Culture warrior Patrick Deneen takes on the free market and its traditions. Neither of which he understands well.
Deneen’s Common Good Statism
It’s likely that many readers of The Austrian support the free market and also support “traditional” social values, but in Patrick Deneen’s opinion, this is an unstable amalgam. Deneen, a political theorist who teaches at Notre Dame, thinks that...
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Voting with Their Feet: The Lure of Migration
People migrate for many reasons, including moving to a better economy and escaping political persecution. But one thing is certain: people are going to vote with their feet.
The Simplicity and Significance of Mutual Economic Exchange
The simplest action of economics—beneficially mutual voluntary exchange—is also its most profound. People serve each other while improving their own lot in life.
Socialism Cannot Work, Not Even in an AI-Driven Economy
Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.
No, Small Countries Are Not at an Economic Disadvantage
Being large doesn't make a country wealthy, nor does being small shrink a country's economy.
Is the Monopoly Board Game Like Real Markets?
Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life.
