All Posts Tagged With: "free enterprise"
The Kid and the Benevolent Bully
The kid had eighteen cents. The benevolent bully had a buck-forty-nine. The kid went to the corner candy store and bought a licorice pipe and a jawbreaker for two cents. He was giving serious consideration to the chewable wax lips when he overheard a big kid at the fountain ordering a large lemonade for a [...]
21Apr2011 | Roger Koopman | 8 comments | ContinuedTheoretical Visions and Economic Prophecies
B. R. Shenoy (1905–1978) was the most important free-market economist in India during the twentieth century. Throughout the long period when socialism and economic nationalism dominated public policy in India, Shenoy was a lone voice for individual freedom, limited government, and the market economy. From 1929 to 1932 he studied at the London School of [...]
2Jul2010 | Richard M. Ebeling | 2 comments | ContinuedA Family of Heroes
In any major city, particularly a capital, the great majority of statues and memorials pay tribute to monarchs and presidents, priests, generals, and statesmen. This reflects the way history is commonly understood and taught: as the story of the achievements of those associated with political power, government, and war. Memorials to the historical figures associated [...]
23Sep2009 | Stephen Davies | 8 comments | ContinuedThe American Spirit of Enterprise
America has been the land of opportunity and free enterprise, an example and a hope for tens of millions of people around the world. In America both the industrious worker and the creative entrepreneur have been hailed as the complementary producers of prosperity and rising standards of living. Class and caste were meant to play [...]
1Oct2007 | Richard M. Ebeling | 0 comments | ContinuedFree Men for Better Job Performance, Part II
Recognizing the employee as a tenant with a contract to utilize his own property (skills, talents, etc.) to increase the productivity and enhance the value of the employer’s property certainly is not the view now prevailing of the employer-employee relationship.
1Jul2007 | C.L. Dickinson | 1 comment | ContinuedThe Government Licensing Scam
Last May a man named Mike Fisher, from the town of Newmarket, New Hampshire, performed an act for which he will pay dearly under penalty of law. He engaged in a consensual commercial transaction with another willing individual. He performed a manicure. Mike Fisher, outlaw, enemy of the realm, planted himself outside the state Board [...]
1Apr2006 | P. Gardner Goldsmith | 2 comments | ContinuedRegulations Improve the Free Market?
Despite its remarkable record the free market
remains for many people a tough sell. Even
those who on balance support free enterprise
hesitate to give unregulated market forces their full
endorsement.After all, they argue, the market sometimes
fails, requiring corrective measures at the hands of
wise government authorities.
Free Enterprise and Health Care
Any discussion of free enterprise or of the free market requires a clear definition of these terms. Free refers to freedom of choice, not freedom from cost or responsibility. Free refers to freedom from regulation and restriction, other than those laws necessary to protect individuals from force and fraud. The free market implies the willful [...]
1Jul2005 | Frank J. Primich | 0 comments | ContinuedFree Markets, the Rule of Law, and Classical Liberalism
The history of liberty and prosperity is inseparable from the practice of free enterprise and respect for the rule of law. Both are products of the spirit of classical liberalism. But a correct understanding of free enterprise, the rule of law, and liberalism (rightly understood) is greatly lacking in the world today. Historically, liberalism is [...]
1May2004 | Richard M. Ebeling | 1 comment | ContinuedAviation, People, and Incentives
Ralph Hood is a pilot, a member of the Alabama Aviation Hall of Fame, and a writer in Huntsville, Alabama. An economist once said that economics can be summed up in four words—“people react to incentives.” Yes, and competition speeds the process. Incentives and competition working together generate money, effort, and progress. This has been [...]
1Dec2003 | Ralph Hood | 0 comments | ContinuedThe Lansing Sound
James B. Lansing is one of the most recognized names in the world of professional and consumer audio products today. However, the first company bearing that name nearly passed into oblivion, narrowly avoiding bankruptcy as a corporate casualty of America’s protracted Great Depression. Lansing’s ability to surround himself with skilled engineers, his vision, persistence, and [...]
27Jan2003 | Anthony Young | 2 comments | ContinuedA Leonard Read for Africa?
A candle has been lit in east Africa. It shows promise of spreading much light where there is now much darkness. In time it may grow to illuminate an entire continent. Its appearance is a testimony to perseverance and the power of ideas, as well as a tribute to this very publication. The candle is [...]
1May2002 | Lawrence W. Reed | 0 comments | ContinuedThe New China
Larry Tritten is a freelance writer whose work has appeared in Vanity Fair, Harper’s, the National Lampoon, and other publications. My first impressions of China came from the movies and comic books of the World War II era. The Chinese were always presented as our courageous allies, the salt-of-the earth people who risked their lives [...]
1Sep2001 | Larry Tritten | 2 comments | ContinuedThe Luckiest Generation
W. Michael Cox, senior vice president and chief economist at the Federal Reserve Bank of Dallas, and Richard Alm, a business writer, are co-authors of Myths of Rich and Poor: Why We’re Better Off Than We Think. Meet the Luckiest Generation. When it comes to the material facts of life, the young men and women [...]
1Mar2001 | and W. Michael Cox | 1 comment | ContinuedTiger-nomics: Glorious Competition
The ever-mounting accomplishments in the short professional golf career of Tiger Woods are nothing less than historic. In fact, Woods’s mastery of golf offers lessons for duffers and PGA Tour pros alike. But his feats also serve as stunning reminders about the importance of competition not only on the golf course, but also in everyday [...]
1Feb2001 | Raymond J. Keating | 20 comments | ContinuedLa Lucha: The Human Cost of Economic Repression in Cuba
Patricia Linderman is a writer and translator currently living in Leipzig, Germany. As I opened the gate of the high security fence around my yard in Havana, a black woman in her 30s glanced left and right and quickly wheeled her rusty Chinese bicycle inside. Her name was Marta, and she was wearing a pair [...]
1May2000 | Patricia Linderman | 4 comments | ContinuedPlenty of Room at the Inn
Sigfredo Cabrera is the director of communications for Pacific Legal Foundation in Sacramento, California. French immigrants Claude and Micheline Lambert are asking some tough questions these days, and they need to be answered—real soon. To paraphrase: What can be said of individual and economic liberty in a country where government has the power to impose [...]
1Sep1998 | Sigfredo A. Cabrera | 21 comments | Continued-
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