The Reagan administration seemed to have achieved the culmination of its “economic miracle” of the last several years: while the money supply had skyrocketed upward in double digits, the consumer price index remained virtually flat. Money cheap and abundant, stock
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Many of today’s social theorists are utilitarians. Broadly speaking, a utilitarian is someone who believes justice can be arrived at through a cost-benefit analysis. For example, a utilitarian economist would tell you that, before considering a new
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Human society is an association of persons for cooperative action. As against the isolated action of individuals, cooperative action on the basis of the principle of the division of labor has the advantage of greater productivity. If a number of
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Originally Published in “The Free Market”
December 1998
Volume 16, Number 12
The phrase of the day is “moral hazard.” It’s something everyone seems to think is a bad thing, but few are willing to do anything about, certainly not Alan
The Austrian Scholars conference ended on a high note today with a lecture by Mustafa Akyol on “The Commercial Heritage and Contribution of Islam”. A Turkish political and economic commentator, whose work has also been published in such American venues
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Several months into his new administration, President Carter was worried. Oh, his image with the public was doing just fine: the cardigan sweater, the phone-ins, the fireside chats, had raised his personal popularity to stratospheric heights. Image
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June 1969 • Volume: 19 • Issue: 6 • The Freeman
Mr. Chamberlin is a skilled observer and reporter of economic and political conditions at home and abroad. In addition to writing a number of books, he
February 1974 • Volume: 24 • Issue: 2 • The Freeman
President Nixon went on national television on November 7, 1973, to announce to the nation that we are in the midst of an energy crisis. He said
... read moreLudwig von Mises Institute of Canada
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