All Posts Tagged With: "myths"
The Dangers of the Myth of Merit
In his various chapters and essays on the “mirage” of the concept “social justice,” F. A. Hayek makes a claim that is very often overlooked by those who support the market. He argues that markets generally do not reward “merit.” That is, the people who become wealthy in the marketplace do not do so, for [...]
19Nov2009 | Steven Horwitz | 8 comments | ContinuedFacts about The Industrial Revolution
Dr. Mises is Visiting Professor of Economics at New York University. An examination of the so-called horrors of the “Industrial Revolution” and the persistent myth that industrial progress is a plot against employees. Socialist and interventionist authors assert that the history of modern industrialism and especially the history of the British “Industrial Revolution” provide an [...]
1Feb1956 | Ludwig von Mises | 4 comments | Continued-
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