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 »
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
Elizabeth Warren’s Plan — We’ve Seen This Before Read More »
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
Keynes’s continuing destructiveness — Ebeling’s and my evaluations Read More »