All Posts Tagged With: "market economy"

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

Free Markets Blossom in Vietnam

Americans think of the Vietnam War as the first armed conflict in our history that we lost. Tanks and troops from the communist North captured the South’s capital of Saigon on April 30, 1975, renamed it Ho Chi Minh City, and ended decades of war. Who can forget the scenes of the last frenzied evacuation [...]

7Jul2010 | Lawrence W. Reed | 0 comments | Continued

The Trade Deficit Lowers Our Living Standard?

If Americans could figure out a way to bottle and export all the nonsense and half-truths that have been written about the U.S. trade deficit, the alleged problem might fix itself.

1Jan2006 | Daniel Griswold | 1 comment | Continued

Wal-Mart Is Good for the Economy

Ideologues who rant against Wal-Mart do not understand economics. In a market economy, success goes to those businesses that best and most efficiently serve consumer needs.

1Oct2005 | John Semmens | 1 comment | Continued

Democracy Would Doom Hong Kong

John Wenders teaches economics at the University of Idaho. There is an important lesson to be learned from the Hong Kong economic miracle, the destiny of which is now in the hands of China. Too bad most commentators have missed it completely. The lesson is simple. This small patch of rocky land, devastated by war [...]

1Jan1998 | John T. Wenders | 0 comments | Continued

Roads in a Market Economy

Mr. Semmens is an economist with the Laissez-Faire Institute in Chandler, Arizona. No one has labored longer than Gabriel Roth has in the pursuit of a more efficient transportation system. For over 40 years he has been analyzing problems and suggesting solutions. Most of this work has been in the form of shorter policy studies, [...]

1Aug1996 | John Semmens | 1 comment | Continued

Inequality of Wealth and Incomes

Professor Mises (1881-1973), one of the century’s pre-eminent economic thinkers, was academic adviser to The Foundation for Economic Education from 1946 until his death. This article first appeared in the May 1955 issue of Ideas on Liberty, published by FEE. The market economy—capitalism—is based on private ownership of the material means of production and private [...]

1Mar1996 | Ludwig von Mises | 1 comment | Continued

The Trouble with Keynes

“In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.” —John Maynard Keynes (1923)1 Keynes’ remark about the inevitability of death is now famous. It is, however, [...]

1Jul1995 | Russell Shannon | 0 comments | Continued

Inequality of Wealth and Incomes

Where there is a lower degree of inequality in wealth, there is also a lower average standard of living The Market Economy—capitalism—is based on private ownership of the material means of production and private entrepreneurship. The consumers by their buying or abstention from buying ultimately determine what should be produced and in what quantity and [...]

1May1955 | Ludwig von Mises | 0 comments | Continued

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