The USA was in decline for the last decade, falling to 16th in 2015, but is now catching up to the world leaders. Canada’s Fraser institute released its 2019 report before the latest volleys of China-USA tariffs were announced. 162 countries are researched and ranked on their importance in five areas: Size of government, Legal […]
Economic Freedom: USA back in top 5, Canada 8th Read More »
The economist Eugen von Böhm-Bawerk arguing, in the 1890s, against the beloved-by-Marxists labor theory of value: “Value and effort, as I have stated at length in another place, are not ideas so intimately connected that one is forced immediately to adopt the view that effort is the basis of value. ‘That I have toiled over
Marx’s labor theory of value — Böhm-Bawerk’s rejection Read More »
Hong Kong’s economic transformation: 1960: Average per capita income in Hong Kong was 28 percent of Great Britain’s. 1996: Average per capita income in Hong Kong was 137 percent of Great Britain’s. Most of us want to know the magic formula that takes people from poverty to wealth. So a one-question quiz: Guess what happened
Ignoring Hong Kong Read More »
[A translation by Matheus Pacini and Vinicius Cintra into Portuguese of my “Who Is Really Serious About Monopolies?”] Levante o tópico dos monopólios, e a discussão resultante rapidamente evidenciará deficiências ideológicas. Um colega com quem lecionei nas áreas de negócios e capitalismo enviou-me, de forma entusiasmada, esse artigo escrito por Paul Krugman, um economista vencedor
Quem trata seriamente dos monopólios? Read More »
Capitalism versus the Philosophers: An Interview with Stephen Hicks was published at The Foundation for Economic Education. Grégoire Canlorbe, a French intellectual entrepreneur residing in Paris conducted the interview. An excerpt follows. Grégoire Canlorbe: According to a popular opinion, left to its own devices, capitalism inevitably tends to a monopoly economy — an economy in
Does capitalism lead to a monopoly economy? Read More »
“Basic food items in America have become almost eight times cheaper relative to unskilled labor over the last 100 years.”
Cost of a Bible in 1455 compared to today Read More »
The third episode in my Open College with Dr. Stephen Hicks podcast series. Audio links: iTunes. Soundcloud. Stitcher. YouTube. Topics and times: Conceptual clarification: “conservative,” “revolutionary,” “liberal” // Donald Trump versus Charles Koch // Robert Bork, Irving Kristol, Russell Kirk, Pat Buchanan, and Alexander Solzhenitsyn // Milton Friedman, Friedrich Hayek, and Ayn Rand // Why
Conservatives Are *Not* Free-market Capitalists [Open College series] Read More »
At the Voluntaryist site, Keith Knight asked me seven questions: 1. What is liberal capitalism, and why is it a moral system? 2. What about the poor? What about bleeding-heart libertarianism, and why should poor people favor liberal capitalism? 3. What is wealth, and how can we accurately measure it? 4. What is the Frankfurt
Don’t Tread on Anyone — Keith Knight’s interview with me Read More »