All Posts Tagged With: "Daniel Klein"
Adam Smith Reveals His (Invisible) Hand
“Adam Smith had one overwhelmingly important triumph: he put into the center of economics the systematic analysis of the behavior of individuals pursuing their self-interest under conditions of competition.”—George Stigler (emphasis added) Critics of laissez faire—from Cambridge economic historian Emma Rothschild to British Labor Party leader Gordon Brown—have recently attempted to wrestle Adam Smith out [...]
21Apr2011 | Mark Skousen | 2 comments | ContinuedWhy Is the “Invisible Hand” in the Middle of Smith’s Works?
To think that Adam Smith, the renowned absent-minded professor, hid a little “invisible” secret in his tomes is indeed the ultimate irony.
9Mar2011 | Mark Skousen | 29 comments | ContinuedAbolishing the FDA
Larry Van Heerden operates the Free-Market Medicine website. The Food and Drug Administration (FDA) started out as a bulwark against snake-oil peddling. It has since swung back and forth between hostility and subservience to the drug industry. The FDA seems indifferent to the many deaths its own intransigence has caused and imperious when forced to [...]
1Mar2007 | Larry Van Heerden | 9 comments | ContinuedBig Government–Big Risk
In his Freeman column last June, “The End Run to Freedom,” economist Russell Roberts makes the following argument: As people get wealthier, they demand more security. Their demand for security leads many people to favor the welfare state or the nanny state. The welfare state refers to a government that subsidizes people who bear losses; [...]
1Jan2007 | David R. Henderson | 11 comments | Continued-
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