All Posts Tagged With: "social institutions"
Understanding the Process of Economic Change
In the late 1980s, as the Soviet empire began to collapse in central Europe, a burning policy issue emerged: how to transform socialist economies into functioning market-oriented societies. As this discussion developed, it was astounding to discover how little the economics profession was able to contribute. For example, at an annual meeting of the American [...]
8Jul2010 | Richard M. Ebeling | 0 comments | ContinuedUnintended Consequences
In two earlier Freeman essays, I explored the idea that “ought implies can” and the role of profits in providing knowledge about how best to serve others. Both insights rely on the foundational idea that intentions and results are not the same thing. Thinking we ought to do something does not mean it will have [...]
24Feb2010 | Steven Horwitz | 31 comments | ContinuedToward the Renewal of Civilization: Political Order and Culture
To explore the relationship between politics and culture with an eye toward the “renewal of civilization” is a tall order for one volume. And yet the contributors to this collection do an admirable job of examining many facets of the intersection between political-cultural trends and what most of these authors regard as the decline of [...]
1Dec1999 | Robert A. Sirico CSP | 0 comments | ContinuedSpontaneous Order
Nigel Ashford is senior lecturer in politics at the University of Staffordshire in England and coauthor of A Dictionary of Conservative and Libertarian Thought (Routledge, 1991). This article is adapted from his paper “Principles for a Free Society,” a primer for former communist countries. Reprinted by permission of the Jarl Hjalmarson Foundation of Stockholm. “Many [...]
1Jul1999 | Nigel Ashford | 19 comments | ContinuedThe Fire of Invention: Civil Society and the Future of the Corporation
John Hood is president of the John Locke Foundation, a nonprofit think tank based in Raleigh, North Carolina, and author of The Heroic Enterprise. The Corporation, as we know it–and we know it from every aspect of our lives–was invented; it did not come to be of itself.” With those words from Oscar Handlin begins [...]
1Jul1998 | John Hood | 0 comments | ContinuedSocial Cooperation, Good Intentions, and Incentives
(Editor’s Note: This is the first installment of Professor Lee’s new monthly column.) Although each of my Freeman columns will stand alone, let me emphasize at the outset that economics is far more than a series of unrelated concepts. Economics provides a coherent and powerful framework for seeing order in the seemingly unrelated actions of [...]
1May1998 | Dwight R. Lee | 0 comments | ContinuedGovernment and the Market: Chicken or Egg?
John Hood is president of the John Locke Foundation, a nonprofit think tank based in Raleigh, North Carolina. One evening not too long ago, I was invited to participate in a debate about state welfare policy. As much of our work at the John Locke Foundation had been directed toward various welfare bills in the [...]
1Mar1998 | John Hood | 0 comments | Continued-
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