• 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...

  • Articles
    Classical Liberalism and Property

    Human society is an association of persons for cooperative action. As against the isolated action of individuals,...

  • Blog
    How Many Go Abroad for Health Care

    The anecdotal evidence has been growing for awhile that more and more Canadians are traveling to other countries, primarily the US, for medical care. Between the advertisements offering Canadians quick surgeries, to the stories we hear from family and friends about someone they know on a long waiting list forced to become...

  • Articles
    Markets, Poverty and the Snapshot Fallacy

    Scholars such as Matt Ridley, Michael Shermer and Paul Rubin have been warning us about the dangers...

  • Blog
    The Key Question Regarding Nuclear Power

    As Japan faces the scary possibility of a meltdown at its Fukushima Dai-ichi nuclear power plant, the debate about nuclear energy has returned. The questions being raised are certainly relevant to Canada, where 15% of electricity is generated by nuclear power. Most of that takes place in Ontario, in which half of the electricity comes from nuclear sources. Several...

  • Articles
    Mr. Moral Hazard

    Originally Published in “The Free Market” December 1998 Volume 16, Number 12 The phrase of the day...

  • Articles
    Insolvency vs. Liquidity, or Austrians vs. Keynesians

    An economics debate of very great importance is surfacing. Is the government’s economic rationale for bailing out...

  • Blog
    Leakers and Dead Afghans

    Antiwar reported these two statistics a few days ago.   http://news.antiwar.com/2011/03/09/un-record-civilian-deaths-in-2010-afghanistan/ http://www.allgov.com/Controversies/ViewNews/Obama_Files_More_Anti_Leaker_Cases_in_2_Years_than_all_Presidents_in_Last_40_Years_110309   I wonder how closely they are related.

  • Blog
    The EU misses another opportunity

    Please, click here to read this article in pdf format: march-15-2011   We are back from the 2011 Austrians Scholars Conference, at the Ludwig Von Mises Institute, in the USA, where we were exposed to an incredible diversity of people and ideas. We highly recommend! During our time at the conference, two...

  • Blog
    A Glaring Rejection of Broken Window Logic

    Whenever a natural disaster occurs, like the horrible one that has befallen Japan, the broken window fallacy is sure to be uttered. This is the sophistic claim, brilliantly refuted by Frederic Bastiat, according to which property damage actually helps the economy by generating spending on reconstruction.  Keynesians, with their emphasis on demand rather...

  • Blog
    Portugal’s Plight: Social Democracy at Fault

    That is the title of a paper which I will be presenting later this month at the Prague Conference on Political Economy to be held at the CEVRO Institute. It’s an academic, and more explicitly Austrian, elaboration of a thesis originally advanced in a Financial Post article back in December. You can download...

  • Articles
    Interview with Peter G. Klein

    The Austrian Economics Newsletter – Winter 1995 – Volume 15, Number 2 Sticking with Economics Peter G....

  • Blog
    Islam’s Commercial Heritage

    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 as Foreign Affairs and The Wall Street Journal, Mr.Akyol made a compelling...