Global Economy

In his "Anti-capitalism" essay, writes Ralph Reiland, Mises focused on how senseless it was for underdeveloped countries to be sending the elite of their youth to American and European universities.

Two prominent socialists recently blasted away at the Austrian School for its rising influence in Poland. DW MacKenzie examines their claims.

Most people assume that gifts are wonderful to receive. But this view has recently come under attack, reports Robert Murphy finds riddled with fallacy.

There are many reasons for the decline of the family, lifestyle choice among them, writes Per Henrik Hansen.

If we were to restrict American companies to only hiring American programmers, writes Clifford Thies, the obvious response of the rest of the world would be to forbid American companies from selling their software and related products and services to their consumers.

China has experienced one of the great economic transformations in the history of the world, writes Frank Shostak. But will it last?

Concerns over safety and pollution are merely protectionist tactics to keep out imports from Mexico, writes Gary Galles.

Anti-outsourcing theories implicitly assume that high production costs are a source of wealth, argues Bill Anderson.

This dreadful election season will spew forth many promises by politicians to "lead us into the future." I can hardly think of a worse fate for any society than to be led into the future by the political class of gangsters, marauders, looters, and liars. Fortunately, they haven’t the capacity to lead whole societies anywhere. They are outclassed and outrun by trends in the world economy that are beyond the ability of the political class to control or direct.

The new protectionists, writes Sudha Shenoy, want to reverse the outflow of US capital to China and India. But it cannot be done, which is good in the long run for everyone.