Property Rights

Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest.

By compensating slave owners for the abolition of slavery, Great Britain ended the scourge of chattel slavery long before it was ended in the Americas.

Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest.

The New York Times recently interviewed economist Herman Daly, who insists that economic growth is ecologically destructive. There is much more to the story.

Patents lack a basis in natural rights; to the contrary, they may be a patent absurdity.

Development economists often confuse natural resources with wealth and then are puzzled when countries rich in resources experience widespread poverty. Free markets lead to creation of wealth, period.

Global elites have a "wonderful" plan for the rest of us, even if they don't intend to live within its strictures.

The New York Times recently interviewed economist Herman Daly, who insists that economic growth is ecologically destructive. There is much more to the story.

Patents lack a basis in natural rights; to the contrary, they may be a patent absurdity.

While divine monarchy might seem illogical or archaic, it had a larger positive economic impact in society that historians have overlooked.