All Posts Tagged With: "capitalism"

Capitalism, Corporatism, and the Freed Market

The system that most immediately threatens individual liberty is corporatism.

3Feb2012 | Sheldon Richman | 21 comments | Continued

The Relentless Revolution: A History of Capitalism

The eminent UCLA historian Joyce Appleby concludes The Relentless Revolution: A History of Capitalism by referring to the persistent nostalgia for socialism: “As one sufferer from Yugonostalgia explained it, ‘in Yugoslavia people had fun. It was a system for lazy people; if you were good or bad, you still got paid. Now, everything is about [...]

26Oct2011 | Leonard P. Liggio | 2 comments | Continued

Libertarianism Today

Libertarianism is attracting more attention than ever. As the economic and social damage done by Leviathan increases exponentially Americans are coming to understand that government power is the root of our many troubles. The idea that a consistent philosophy based on freedom and peaceful cooperation among all people is the only path out of the [...]

26Oct2011 | George C. Leef | 5 comments | Continued

Why Not to Scorn Occupy Wall Street

OWS offers a blank slate for libertarians willing to write their own messages and march.

11Oct2011 | Wendy McElroy | 57 comments | Continued

Of Malice and Straw Men

We libertarians must be onto something. Why else would critics work so hard to construct straw men to demolish rather than contending with our actual arguments? Right from the top you could tell that Stephen Metcalf’s blast in Slate would be no different. “Liberty Scam” featured this teaser: “Why even Robert Nozick, the philosophical father [...]

21Sep2011 | Sheldon Richman | 5 comments | Continued

Indigenous African Free-Market Liberalism

Africa remains an enigmatic paradox: a continent rich in mineral resources yet so desperately poor. But the paradox is only superficial: Africa is poor because she is not free. Only 10 of the 54 African countries can be labeled economic success stories: Angola, Benin, Botswana, Ghana, Madagascar, Malawi, Mali, Mauritius, Uganda, and South Africa. This [...]

24Aug2011 | George B. N. Ayittey | 5 comments | Continued

Which Strategy Really Ended the Great Depression?

“World War II got us out of the Great Depression.” Many people said that during the war, and some still do today. The quality of American life, however, was precarious during the war. Food was rationed, luxuries removed, taxes high, and work dangerous. A recovery that does not make—as Robert Higgs points out in Depression, [...]

24Aug2011 | Burton W. Folsom Jr. | 6 comments | Continued

Ludwig von Mises: Economist, Philosopher, Prophet

Editor’s Note: September 29 is the 130th anniversary of the birth of Ludwig von Mises, the great Austrian economist, defender of classical liberalism, and adviser to FEE. Below is a selection of Mises’s writings published in The Freeman over the years. The Market It is customary to speak metaphorically of the automatic and anonymous forces [...]

24Aug2011 | Ludwig von Mises | 0 comments | Continued

Capitalism as Art

Both entrepreneurship and consumption are acts of creativity, imagination, and art.

9Jun2011 | Steven Horwitz | 3 comments | Continued

Poverty Is Easy to Explain

Academics, politicians, clerics, and others always seem perplexed by the question: Why is there poverty? Answers usually range from exploitation and greed to slavery, colonialism, and other forms of immoral behavior. Poverty is seen as something to be explained with complicated analysis, conspiracy doctrines, and incantations. This vision of poverty is part of the problem [...]

21Apr2011 | Walter E. Williams | 27 comments | Continued

Commonwealth

Some two decades after the collapse of communism, socialist intellectuals still scramble to rehabilitate Marx and collectivist social theory in general, with Duke University professor Michael Hardt and Italian sociologist Antonio Negri leading the bunch. Academics are attracted to their radical critique of existing capitalist institutions. Non-academics and educated laypersons on the left are attracted [...]

23Mar2011 | David L. Prychitko | 1 comment | Continued

Confessions of a Secret Marxist

After 33 years of writing articles and columns about capitalism and freedom for The Freeman, I’ve decided to confess. I’m a Marxist, and have been from a very early age. I’m not the kind of Marxist that you normally think of when that term is used. I have nothing in common with Karl. I am [...]

22Sep2010 | Lawrence W. Reed | 15 comments | Continued

Alexander Hamilton and the Perils of State Capitalism

Historians have long praised Alexander Hamilton’s activist government promotion of capitalism. Hamilton’s “financial revolution” brought secure government debt, fluid securities markets, and a modern banking system to the United States. Most scholars believe these factors were responsible for the amazing growth of the U.S. economy in the subsequent 200 years. Thus while George Washington is [...]

25Aug2010 | and and Tyler Watts | 7 comments | Continued

Black Maverick: T. R. M. Howard’s Fight for Civil Rights and Economic Power

Black Maverick is the only biography of Dr. Theodore Roosevelt Mason Howard, whose remarkable life (1908–1976) combined entrepreneurship, medical practice, civil-rights activism against segregation, philanthropy, and high living. He was an irrepressible but flawed character, a man on the make who grew up under Jim Crow and took advantage of the few opportunities that system [...]

25Aug2010 | George C. Leef | 1 comment | Continued

Animal Spirits: How Human Psychology Drives the Economy, and Why it Matters for Global Capitalism

Neoclassical economic theory (in which I include Austrian economics, ignoring the methodological differences) doesn’t explain everything in the world, not even everything that occurs in what is considered the economic realm. In recent years this has been the theme of the growing subdiscipline “behavioral economics,” which has, often usefully, focused attention on economic anomalies—outcomes inconsistent [...]

25Aug2010 | Dwight R. Lee | 23 comments | Continued

How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present

Professor Thomas DiLorenzo of Loyola College, Maryland, has managed to pack two books into the volume titled How Capitalism Saved America. The first is the work promised in the title, the inspiring story about the creative power of that nexus of voluntary exchanges known as capitalism. The second, more sobering, book inhabiting these same pages [...]

13Jul2010 | Robert Batemarco | 24 comments | Continued

Why Globalization Works

Look at the foes of economic globalization and you’ll find a curious coalition. Some are left-wingers who oppose globalization because they oppose capitalism. But others are right-wing protectionists who don’t like foreign competition. The strength of the anti-globalist coalition has waxed and waned over time, but there is still a large number of people who [...]

13Jul2010 | Martin Morse Wooster | 0 comments | Continued
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