Economics

Quem trata seriamente dos monopólios?

[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 […]

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Does capitalism lead to a monopoly economy?

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

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Conservatives Are *Not* Free-market Capitalists [Open College series]

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

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Don’t Tread on Anyone — Keith Knight’s interview with me

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

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Elizabeth Warren’s Plan — We’ve Seen This Before

Consider this description of an economic system: “The economy is collectively managed by employers, workers and state officials by formal mechanisms at the national level. This non-elected form of state officializing of every interest will reduce the marginalization of singular interests. The system will recognize every divergent interest into the state organically, not meaning a

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Keynes’s continuing destructiveness — Ebeling’s and my evaluations

Economist Richard Ebeling at FEE: “The Damage Still Done by a Defunct Economist”: “Keynes helped undermine what had been three of the essential institutional ingredients of a free-market economy: the gold standard, balanced gov­ernment budgets, and open competitive markets. In their place Keynes’s legacy has given us paper-money inflation, government deficit spending, and more politi­cal

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