Socialism

Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.

Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.

Free markets in agriculture undermined communist governments' attempts to collectivize farming. You can strike a blow against state control by simply gardening.

Bolivia has been mired in poverty, hyperinflation, and state control of the economy for generations. It is time for a change, and the Alasitas Fair is leading the way.

F.A. Hayek’s classic The Road to Serfdom was published eighty years ago. Critics then called Hayek a “reactionary.” Today, he is looking more and more like a prophet.

Government parking policies create unnecessary shortages. Privatizing public parking not only would enable more efficient solutions, but also would make the system more fair.

When people say that “socialism doesn’t work,” what do they mean? To better examine and critique socialism, one should apply the socialists’ framework, which is alone worthy of condemnation.

Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time to acknowledge that fact and do away with it altogether.

When someone makes the “roads” argument for the presence of government, they fail to point out that the final government product is substandard and often a hazard to people who use those roads. There is a better way.

Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.