The Enterprise of Customary Law
Our modern reliance on government to make law and establish order is not the historical norm.
Our modern reliance on government to make law and establish order is not the historical norm.
"Consumerism" seems like a big problem until the market supplies an essential good or service we badly need.
Wealth stems not from spending, but from production. Declines in production are be remedied by frugality, intelligence, activity, and freedom.
Efficiency is not just the avoidance of waste. When entrepreneurs expand the boundaries of what is economically possible, we get "dynamic efficiency," which is essential for progress.
Well look what happens if you actually call Krugman’s bluff and click on the link.
Liberal capitalism enables a degree of peace, harmony and respectful tolerance of the choices and ways of honest living for everyone in society to which nothing else compares.
David Gordon discusses Murray Rothbard’s contributions to economic theory and their broader historical context.
So impressive is compensation in the U.S. that even fast food businesses are bidding up wages to compete.
Precisely because they are producing for profit, the businessmen are producing for the use of the consumers.