• Articles
    Poor Relief in Ancient Rome

    Instances of government relief to the poor can be found from the earliest times. Though the records...

  • Blog
    Travelling, State Free

    Couchsurfing.com is a free online social network for backpackers and travellers. It brings together travellers who are...

  • Blog
    Prices, Price Ceilings, and Subsidies

    There’s an old saying that if you lay all the economists in the world in a straight line, you still wouldn’t reach a conclusion. That is very true on many matters economic, but there are a few instances where universal agreement exists. Two of those instances are the effects of price ceilings...

  • Articles
    Marx’s View of the Division of Laborx

    The division of labor is a sub­ject which has fascinated social scientists for millennia. Before the advent...

  • Blog
    We understand you, Ben

    Please, click here to read this article in pdf format: may-2-2011   Today we could discuss the...

  • Blog
    On Voting

    According to Elections Canada, turnout at the advance polls last weekend was up 34.5% from 2008. We shall see if this record high will translate into higher voter participation in tomorrow’s election. If it does, it would run counter to a long-term downtrend. Since the 1988 election, when free trade with the...

  • Blog
    The Napster Experiment

    There is  a debate among libertarians as to whether claims to intellectual property rights ought to be maintained. A key argument made by those in favor of such rights is that they are necessary to encourage the production of  scientific and artistic works. But there is little hard empirical evidence to back up...

  • Articles
    The Unbearable Lightness of Occupational Regulation

    During the past one hundred years, a myriad of occupations have become regulated by the state. In...

  • Blog
    Fukuyama on the Origins of the State

    Agree or disagree with Francis Fukuyama’s famous thesis that we’ve reached the end of history with liberal democracy, his books always make for stimulating and instructive reading. One hears a lot of talk in academic circles these days about the wonders of interdisciplinarity.  Fukuyama is one of the few taking up this...

  • Blog
    Why Marx was wrong…

    A few interesting pieces today A review in the Libertarian Papers of Eagletons tour de farce Why Marx Was Right. http://libertarianpapers.org/articles/2011/lp-3-11.pdf Of course from an Austrian perspective Eagleton completely ignores the fundamental failing of Marxism, Socialism, Communism – the inability to calculate in an economically meaningful way – which if course leads...

  • Blog
    WSJ on the Mark about Dollar Flood

    The Wall Street Journal’s editorial page is usually a font of wisdom. Its editorial today, “Fleeing the Dollar Flood“, lives up to that record. The WSJ editors masterfully lay out the case that escalating food prices around the world, and higher commodity prices in general, are the fault of the Bernanke Fed and its...

  • Blog
    Who Really Pays the Corporate Tax?

    Corporate taxes have emerged as the main dividing issue in the federal election. Conservatives want to maintain the scheduled reductions in the tax. Liberals want to reverse those and raise the tax to pay for $8.5 billion in new programs. Not surprisingly, both the NDP and Bloc Quebecois stand with the Liberals...

  • Articles
    An Unconstitutional Deficit?

    Times are hard in the US. The federal deficit is now over a trillion (one thousand billion)...

  • Articles
    What You Should Know About Inflation

    Excerpted from What You Should Know About Inflation, Published in 1964 What Inflation Is No subject is...

  • Articles
    The Trouble with Prosperity

    An Interview with James Grant, editor of Grant’s Interest Rate Observer AEN: Your argument about business cycles...

  • Blog
    So It Begins

    This morning, Standard and Poors (S&P) lowered its outlook on US long term debt. American treasury securities currently have a triple A rating, the highest possible. The first thing that needs to be said about this is:  it’s about time. America’s public debt to GDP ratio has been steadily rising since 2001, a climb...