The Calling
Creating Jobs versus Creating Value
The next time anyone starts talking about job creation, stop listening. Jobs come into existence when entrepreneurs are free to create value.
2Feb2012 | Steven Horwitz | 10 comments | ContinuedThe Problem with Privatization
If the goal is efficiency in delivering the goods, private ownership is a necessary but not a sufficient condition.
26Jan2012 | Steven Horwitz | 19 comments | ContinuedThe Limits of the Local
A global economy has room for the local, while mandatory localism cannot meet the needs of those who prefer to buy global.
19Jan2012 | Steven Horwitz | 8 comments | ContinuedNot Just What, But How
Only in a free-market economy, characterized by the private ownership of capital, could we figure out not just what to produce, but how best to produce it.
12Jan2012 | Steven Horwitz | 2 comments | ContinuedThe Tyranny of the Articulate
The real failure of deliberative democracy is that it’s a reflection of the tendency of academics to privilege their own world of reason, rhetoric, and articulate knowledge.
5Jan2012 | Steven Horwitz | 13 comments | ContinuedThere Is No Great Stagnation: Coffee Edition
The wonderful thing about markets is that firms are always trying to figure out how to deliver the things consumers want.
22Dec2011 | Steven Horwitz | 32 comments | ContinuedMr. Keynes’s Aggregates
Stimulus spending, bailouts, and extension of unemployment benefits only prevent the fundamental mechanisms of change from doing their work.
15Dec2011 | Steven Horwitz | 7 comments | ContinuedThe Failure of Market Failure
Which process has better built-in mechanisms to provide the knowledge and incentives necessary to notice imperfections and improve on them?
8Dec2011 | Steven Horwitz | 22 comments | ContinuedTwo Thoughts on Occupy Wall Street
If you want a peaceful, prosperous, and pleasant world, work to encourage commerce and limit the State.
1Dec2011 | Steven Horwitz | 14 comments | ContinuedMarkets Are Messy, Part 2: The Errors of the Economists
The perfect-competition model assumes away the key function of actual competition, which is to discover the very things the model takes as given.
17Nov2011 | Steven Horwitz | 4 comments | ContinuedMarkets Are Messy
If we knew how markets would solve problems, we wouldn’t need them.
10Nov2011 | Steven Horwitz | 13 comments | ContinuedBankers, Not the Free Market, Bear Blame
Many of the housing policies implicated in the financial crisis were not imposed on the bankers but rather were aggressively lobbied for.
3Nov2011 | Steven Horwitz | 28 comments | ContinuedSafe Toasters and Toxic Financial Assets
If we want our financial system to be as reliable as our toasters, we need more market competition and less of the heavy hand of the State.
27Oct2011 | Steven Horwitz | 6 comments | ContinuedRhetoric, Reality, and the Recession
Progressives seem unable to distinguish between the rhetoric of the Bush administration and its reality.
20Oct2011 | Steven Horwitz | 10 comments | ContinuedCorporatism and Power to the People
In a freed market the power rests with the 99 percent of us who buy the products, not the 1 percent who sell them.
13Oct2011 | Steven Horwitz | 29 comments | ContinuedThe Expanding Sphere of Opportunities
Human ingenuity will continue to come up with new products, and that same ingenuity will capitalize on the complementary investment opportunities those products create.
6Oct2011 | Steven Horwitz | 3 comments | ContinuedA Libertarian Program for Urban Renewal
In the spirit of providing politically feasible “libertarian policies,” I want to offer a set of proposals to improve one area of American society that desperately needs it: the inner city.
29Sep2011 | Steven Horwitz | 13 comments | Continued-
The Latest
Capitalism, Corporatism, and the Freed Market
When a front-running presidential contender tells the country that thanks to Barack Obama, “[w]e are... Read More
Creating Jobs versus Creating Value
Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet.... Read More
The Boston Red Sox and Bad Baseball Economics
The Boston Red Sox are following our politicians’ lead, enacting paternalistic market restrictions... Read More
The Chimera of Tax Fairness
In his State of the Union speech Tuesday night President Obama played the fairness card in calling for... Read More
The Problem with Privatization
Classical liberals commonly favor “privatization” of many government activities. Their case, of... Read More
