All Posts Tagged With: "Vernon Smith"
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 | ContinuedCapital Letters
Who’s an Imperialist? To the Editor: Mark Skousen’s “Imperial Science” (January 2001) dismissed the great impact of co-operative efforts between economists and researchers, scientists, and authors from other disciplines. In fact, such cooperative interdisciplinary work is now commonplace. Economists have at least as much to learn from, as they have to contribute to, other disciplines—a [...]
1May2001 | FEE Admin | 0 comments | Continued-
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The Snow Plowers’ Petition
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Capitalism, Corporatism, and the Freed Market
When a front-running presidential contender tells the country that thanks to Barack Obama, “[w]e are... Read More
Creating Jobs versus Creating Value
Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet.... Read More
