• Blog
    It’s getting complicated

    Please, click here to read this article in pdf format:march-29-2011   Unfortunately, the theme we began elaborating on January 28th, has now become “the” theme, particularly since this weekend, with Japan’s nuclear disaster and the anarchy of the Middle East as backdrop. What was the theme? The theme has been and will...

  • Blog
    Atlas Shrugged — the Movie

    A film version of Ayn Rand’s novel, Atlas Shrugged, is going to be released on April 15. Given the size of the novel, this movie is not going to cover it all. Two more parts are planned. For those of us who live in Canada, the bad news is that the April 15 release only...

  • Articles
    The Poor

    Socialists commonly cite the existence of the poor as a reason for socialism, and they claim that...

  • Blog
    Subjective Value versus Positivism: An Application of Methodological Issues to the Fukushima Nuclear Disaster

    “It is universally deemed one of the tasks of legislation and government to protect the individual from himself.” –Ludwig von Mises, Liberalism:  The Classical Tradition, p. 30 The nuclear disaster in Fukushima, Japan, has become one news topic that my friends and I follow religiously on Facebook.  One commenter mentioned that I...

  • Blog
    Notes from Prague

    This weekend, I am attending the Prague Conference on Political Economy. It’s being held at the Cevro Institut, which is housed in a beautiful court-yard structure. The Institut’s director, Josef Sima, describes it as a free market college where students can explore the writings of John Locke, Adam Smith, Friedrich Hayek, and Ludwig von...

  • Blog
    Quebec’s 2011 Budget: More of What’s Not Working

    Quebec Minister of Finance Raymond Bachand handed in his 2011-2012 budget on March 17th. Bachand was pleased to announce quite a few means to stimulate Quebec’s economy. But as you will see, it is unlikely that the latter will be “aroused”, at least in the long term. Uncontrollable Expenses To begin with,...

  • Articles
    The Humanitarian War Fallacy

    Many of today’s social theorists are utilitarians. Broadly speaking, a utilitarian is someone who believes justice can...

  • Blog
    The State and Altruism

    Some people may make the argument that the government has “our best interests at heart”. For this...

  • Articles
    Buy American!

    January 1981 • Volume: 31 • Issue: 1 • The Freeman Every once in a while, I...

  • Blog
    No domino effect

    Please, click here to read this article in pdf format: march-23-2011   Since we last wrote a week ago, nothing of fundamental weight has changed (being this the main reason for our absence). It’s true, unlike last week, the markets now see the nuclear disaster in Japan contained and, perhaps too, something...

  • Blog
    The Middle Class and the Welfare State

    Aristotle maintained that the best state we could, as a practical matter at least, hope for was a mixed regime. Usually translated as “polity”, this regime combines elements of elite and majority rule in the distribution of the government’s decision making authority. A central feature of this form of government is that...

  • Articles
    Collectivism, Climate Change, and Economic Freedom

    An individual kills someone – for money, out of jealousy, as an act of revenge, or because...

  • Blog
    The Importance of Knowing Economics

    Last week, British Columbia raised the minimum wage in the province. It’s going up from $8 per hour to $8.75 on May 1 and will keep rising in steps until it hits $10.25 in May 2012. Christy Clark, BC’s new premier, justified the increase as necessary to help the poor: “Many from lower-income families in...

  • Articles
    One Difficulty of Property Rights in Air Pollution

    Air pollution is one of the most interesting topics in the sphere of property rights. Not only...

  • Blog
    Still Defending Marx

    Yes, there are still prominent intellectuals to be found willing to put their support of Marxist economics in writing. One of them is Terry Eagleton, an influential British literary critic, who has just published Why Marx was Right. I haven’t read it yet — though I definitely plan to get the book if only...

  • Blog
    Misesian Thoughts on the Libyan Crisis

    Air assaults on Libyan targets have begun, as the US and its allies enforce a UN resolution passed on Thursday. UN Resolution 1973, approved by a 10-0 vote in the Security Council with 5 abstentions, imposes a no-fly zone over Libya. Specifically forbidding Libya’s occupation by foreign forces, the UN’s imprimatur is limited to the aim...