All Posts Tagged With: "political freedom"
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 | Richard M. Ebeling | 8 comments | ContinuedEconomic Freedom: The Path to Development
Economic development has historically been exceptional rather than typical. As Peruvian economist Hernando de Soto has observed in The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, capitalism has been successful mainly in the West. Consequently, there are tremendous income disparities around the world. In 2000, real income per person [...]
1Apr2005 | Gerald P. O'Driscoll, Jr. | 0 comments | ContinuedAyn Rand: A Centennial Appreciation
This essay is derived from a more comprehensive paper written for the forthcoming anthology, edited by Edward Younkins, Atlas Shrugged: Ayn Rand’s Philosophical and Literary Masterpiece. Born in Russia on February 2, 1905, the late novelist and philosopher Ayn Rand would eventually emigrate to the United States and make an indelible mark on intellectual history. [...]
1Feb2005 | Chris Matthew Sciabarra | 0 comments | ContinuedBeijing Erodes Hong Kong’s Laissez Faire
While the rest of the world is debating the terms under which they might engage China, authorities in Beijing are busy trampling on its agreement with the British over Hong Kong’s return to Chinese sovereignty. In the handover agreement, both parties agreed on Hong Kong’s mini-constitution, the Basic Law, as a document that provided assurances [...]
1Mar2002 | Christopher Lingle | 0 comments | ContinuedBeijing’s Cruel Choice
Christopher Lingle is visiting professor of economics in ESEADE at Universidad Francisco Marroquín. China, like other countries undergoing radical transition, must resolve the political and economic issues that determine its pattern of future development. The search for a workable model has often led to the conclusion that authoritarian rule may be a “necessary evil” as [...]
1Aug2001 | Christopher Lingle | 3 comments | ContinuedDevelopment as Freedom
Amartya Sen, the winner of the 1998 Nobel Prize for Economics, has been called a “student of the world’s miserable.” Sen’s research has concentrated on the economic problems that affect the world’s poorest citizens: chronic hunger, famine, illiteracy, infant mortality, and disease. For the past 35 years, he has devoted his considerable scholarly talent to [...]
1May2000 | Victor A. Matheson | 2 comments | ContinuedThe Market and Political Freedom
John Marangos teaches in the department of economics at Monash University in Melbourne, Australia. This article is adapted from “Market and Political Freedom” in D. Kartarelis, ed., Business & Economics for the 21st Century, proceedings of the Business and Economics Society International Conference, Athens, Greece, July 18–22, 1997, volume I. The author wishes to thank [...]
1Jun1999 | John Marangos | 2 comments | ContinuedEconomic Freedom and Economic Growth
One of the most enduring questions in economics is what causes economies to grow. The full title of Adam Smith’s well-known treatise, An Inquiry into the Nature and Causes of the Wealth of Nations, published in 1776, clearly shows that the causes of prosperity were Smith’s primary concern. He concluded that free markets, the protection [...]
1Feb1998 | Randall G. Holcombe | 26 comments | ContinuedMises, Hayek, and the Market Process: An Introduction
Ms. Cuckovic is research coordinator at the Institute for Development and International Relations in Zagreb, Croatia. Dr. Prychitko is associate professor of economics at SUNY-Oswego. This article is adapted from the introduction to the Croatian-language edition of Mises, Hayek, and the Market Process, to be published later this year in Zagreb. Why Mises and Hayek? [...]
1Jan1997 | and Nevenka Cuckovic | 1 comment | ContinuedInscrutable Freedom
In every age and in every country, there are two kinds of people—the lovers of freedom and the devotees of power. The former like to pursue their own good in their own way without infringing on the equal freedom of others. The devotees of power love to exercise control over others, and especially to command [...]
1Jun1996 | Hans F. Sennholz | 1 comment | ContinuedThe Morality of Freedom
Mr. Bandow is a Senior Fellow at the Cato Institute and the author of The Politics of Envy: Statism as Theology (Transaction). Freedom. Presumably every reader of The Freeman is committed to this principle. But why? What good is it? After I endorsed a federal budget “train wreck,” arguing that closing down the government would [...]
1Mar1996 | Doug Bandow | 1 comment | Continued-
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