All Posts Tagged With: "laissez-faire"

Lost Articles

The Constitution says that to be elected to the U.S. Senate, a person has to be 30 or older, a citizen for at least nine years, and a resident of the state from which the candidate is elected. Alas, it says nothing about knowing American history. Good thing for Sen. Lindsey Graham (R-S.C.). He’d have [...]

1Jun2007 | | 6 comments | Continued

Book Reviews – June 2007

  • Hitlers Beneficiaries: Plunder, Racial War, and the Nazi Welfare State

    by Goetz Aly Reviewed by Richard M. Ebeling
  • The Big Ripoff: How Big Business and Big Government Steal Your Money
    by Timothy P. Carney Reviewed by Sheldon Richman
  • Income and Wealth
    by Alan Reynolds Reviewed by George C. Leef
  • The Sarbanes-Oxley Debacle What We Have Learned; How to Fix It
    by Henry N. Butler and Larry E. Ribstein Reviewed by Barbara Hunter
  • The Joy of SOX: Why Sarbanes-Oxley and Service-Oriented Architecture May Be the Best Thing That Ever Happened to You
    by Hugh Taylor Reviewed by Barbara Hunter
1Jun2007 | | 0 comments | Continued

The Shortcomings of Government Charity

Jude Blanchette is a freelance writer living in China. In their book, Myths of Rich and Poor, W. Michael Cox and Richard Alm observe, “Some part of human nature connects with the apocalyptic. Time and again, the pessimists among us have envisioned the world going straight to hell.” To be sure, “pessimists” apparently run most [...]

1May2007 | | 4 comments | Continued

Welfare for the Rich

Advocates of the free market—including those considered “right-wing” and “conservative”—believe it is wrong to violate property rights. Consequently, they oppose egalitarian measures to steal from the rich and give to the poor. Such “income redistribution” represents naked theft and epitomizes the Founding Fathers’ fears of unfettered democracy. At the same time, champions of laissez faire [...]

1Apr2007 | | 11 comments | Continued

The Struggle to Subdue Luck

There was a time in Western societies under the rule of law when a person’s circumstances, such as his relative position in society, could only be branded as unjust if they could be shown to result from some breach of the rules of justice. The rules were enshrined in ageless conventions and elaborated in common [...]

1Apr2007 | | 0 comments | Continued

Milton Friedman and the Chicago School of Economics

Milton Friedman, who passed away on November 16 at age 94, once commented that there is no such thing as different schools of economics; there is only good economics and bad economics. While he may have sincerely believed this, Friedman was nonetheless the twentieth century’s most outstanding contributor to what has become known as the [...]

1Dec2006 | | 8 comments | Continued

Eye on the Ball

Like clockwork, on Aug. 28 the New York Times produced another page-one story purporting to show that living standards for many Americans have fallen, this time because wages in recent years have failed to keep up with inflation. This has been happening despite rising productivity and even taking into account the shift from cash to [...]

1Nov2006 | | 0 comments | Continued

Capitalism and Democracy

I recently heard a prominent American politician tell how a “chill” went up his spine when he heard someone question the importance of democracy. How could anyone doubt the value of democracy? he wondered. Fortunately, he said, he soon realized that by “democracy” his (European) interlocutor really meant “capitalism.” Whew, he thought, that’s all right, [...]

1Nov2006 | | 1 comment | Continued

Book Reviews – October 2006

  • Reviving the Invisible Hand: The
    Case for Classical Liberalism in the Twenty-First Century

    by Deepak Lal Reviewed by Richard M. Ebeling
  • Laws of Fear
    by Cass Sunstein Reviewed by Donald J. Boudreaux
  • Bury the Chains: Prophets and Rebels in the Fight to Free an
    Empire’s
    Slaves

    by Adam Hochschild Reviewed by Becky Akers
  • Why Men Earn More
    by Warren Farrell Reviewed by George C. Leef
1Oct2006 | | 1 comment | Continued

Cleaning Up After the Elephants

I detect a pattern in the challenges hurled at liberals on nearly every issue. The opponent of liberalism describes a problem, invariably with roots in a government infringement of freedom. In response, he prescribes more government interference with freedom, at which point the liberal interjects that the best and only just solution is the repeal [...]

1Aug2006 | | 0 comments | Continued

Book Reviews – June 2006

The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good by William Easterly — reviewed by Richard M. Ebeling

The Capitalist Manifesto by Andrew Bernstein — reviewed by Gary M. Galles

Water for Sale: How Business and the Market Can Resolve the Worlds Water Crisis by Fredrik Segerfeldt — reviewed by George C. Leef

Common Sense Economics: What Everyone Should Know About Wealth and Prosperity by James Gwartney, Richard L. Stroup, and Dwight R. Lee — reviewed by Tom Lehman

1Jun2006 | | 0 comments | Continued

“The Tariff is the Mother of Trusts”

Why should we expect business people to favor laissez faire and to abhor government intervention? Few people outside of business do so.

1Jun2006 | | 4 comments | Continued

I’d Push the Button—To Establish Freedom Right Now

In April 1946, a month after the late Leonard E. Read established the Foundation for Economic Education, he gave a talk in Detroit called “I’d Push the Button.” He said that if there were a button on the podium that would immediately abolish all controls and regulations on the U.S. economy, he would push it. [...]

1Jun2005 | | 0 comments | Continued

Book Reviews – April 2004

America the Virtuous: The Crisis of Democracy and the Quest for Empire by Claes G. Ryn Transaction Publishers • 2003 • 221 pages • $34.95 Reviewed by Richard Ebeling In 1988 Robert Nisbet, one of America’s most prominent sociologists and conservative social philosophers, published The Present Age: Progress and Anarchy in Modern America. He critically [...]

1Apr2004 | | 0 comments | Continued

Business and Ethics

The Rev. Edmund Opitz is a contributing editor and a former member of FEE’s staff and board of trustees. This is reprinted from the December 1983 issue of The Freeman: Ideas on Liberty. Mr. X manufactures gizmos in a plant which uses the varied skills of a thousand employees. These people might cheerfully acknowledge that [...]

1Jan2004 | | 2 comments | Continued

Understanding "Austrian" Economics, Part 2

This article appeared in the February 1981 issue. It was originally commissioned by the Silver and Gold Report, Newtown, Connecticut. After the passing of its three founders—Carl Menger, Friedrich von Wieser, and Eugen von Böhm-Bawerk—Austrian economics fell for a long time into eclipse. It was not so much refuted as neglected. English-speaking economists began devoting [...]

1Nov2003 | | 1 comment | Continued

Free Trade Has Been Refuted?

Perhaps the most settled of all economic propositions is that coercive interference with peaceful exchange is detrimental. Yet we often hear groups that want to stifle trade for their own benefit claim that some statistic or argument proves that free trade is a bad policy in general and that protectionism is good for the country. [...]

1Jul2003 | | 1 comment | Continued
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