Free Markets

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Rothbardian Welfare Economics

Free MarketsOther Schools of ThoughtPhilosophy and Methodology

Blog09/24/2019

Rothbard’s work on welfare economics probably ranks among his least-known achievements, but it is truly a tour de force and another tribute to his great originality and talent as an economist.

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Technological Innovation Is Nothing to Fear

Free MarketsCalculation and Knowledge

Blog09/21/2019

Robots are not fundamentally different from other labor-saving innovations, and there's no reason to believe increased innovation will lead to mass unemployment or mass poverty.

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Walmart's Healthcare Experiment Has Begun, It May Be A Game Changer

Free MarketsHealthU.S. Economy

Blog09/17/2019

Here we see two rival strategies to marketing healthcare services. The status quo is based on insurance payments and price secrecy. Walmart's strategy is based on price competition. 

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What Adam Smith Missed in His Understanding of the Division of Labor

The EntrepreneurFree MarketsOther Schools of Thought

Blog08/26/2019

Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.

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New Study Defending NYC’s Minimum Wage Law is Fake News

Free MarketsLabor and WagesU.S. Economy

Blog08/13/2019

Last week Business Insider referenced a study to defend NYC's minimum wage law. Neither holds up well upon any sort of serious analysis.

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Why Socialism Must Fail

Free MarketsSocialismOther Schools of Thought

Blog07/08/2019

Socialism and capitalism offer radically different solutions to the problem posed by scarcity.

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Envy, Inc.

Free MarketsSocialismPolitical Theory

Blog05/22/2019

Why do so many people resent capitalism, even when they benefit enormously from it?

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What Most Critics of "Markets" Get Wrong about Entrepreneurs

Free MarketsEntrepreneurshipPhilosophy and Methodology

Blog03/28/2019

Thanks to entrepreneurs, markets are dynamic and constantly expanding. Attempts by governments to manage prices through the bureaucracy are sure to hinder this dynamism and drive to serve customers.

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Capitalism as It Is and as It Is Seen by the Common Man

EducationFree MarketsMedia and Culture

Blog02/11/2019

Even in the heyday of liberalism only a few people had a full grasp of the functioning of the market economy. 

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