Economics

Conservadores contra o capitalismo de livre mercado

Depois de bater em alguns ícones “da esquerda” (aqui, aqui, e aqui, por exemplo), é hora de castigar alguns “da direita”. O vocabulário político norte-americano tende a dividir as pessoas entre liberais¹ (na esquerda) e conservadores (na direita). Todas essas definições são generalizantes, e a grande questão é como classificar libertários, democratas, socialistas, teocratas e […]

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Who Is Really Serious About Monopolies? [new The Good Life column]

The opening of my latest column at EveryJoe: “Raise the topic of monopolies, and the ensuing discussion will quickly highlight ideological blind-spots. “A colleague with whom I’ve taught courses in business and capitalism sent to me, enthusiastically, this article by Paul Krugman, a Nobel-Prize-winning economist. Krugman attacks Amazon and calls for it to be cut down a

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Onde estão os economistas de livre mercado que causaram a crise financeira?

Um meme comum sobre a crise financeira culpa o capitalismo descontrolado e responsabiliza a ascensão do fundamentalismo de livre mercado entre os economistas como responsável pelo aumento da ganância. De acordo com o esse argumento, os economistas acadêmicos são, em grande parte, liberais. Eles convenceram os políticos a desregulamentarem setores importantes da economia norte-americana, de

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Lifeboat Ethics: How Scarcity Thinking Sets Us at Each Others’ Throats [new The Good Life column]

The opening of my latest column at EveryJoe: “A scenario that is beloved of ethicists, public policy experts, and management consultants asks you to imagine yourself on a lifeboat. “Built into such scenarios are powerful assumptions with life-or-death consequences, so as we work through the lifeboat scenario try to make those assumptions explicit. Here we go: “You

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Blamestorming: “Deregulation Caused the Financial Crisis” [new The Good Life column]

The opening of my latest column at EveryJoe: “You’ve heard the claim: ‘Deregulation caused the financial crisis.’ In the years leading up to 2008, the story goes, bad economists convinced bad politicians to deregulate the money/banking/finance sector of the economy, and bad capitalists then enjoyed an orgy of greed that caused the system to go

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Where are all those free-market economists who caused the financial crisis? [new The Good Life column]

The opening of my latest column at EveryJoe: “A common meme about the financial crisis blames it on capitalism run amok and holds the rise of free-market fundamentalism among economists responsible for unleashing the greed. Academic economists, the argument runs, are largely free-marketers, and they convinced politicians to deregulate important swathes of the American economy,

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“What Justifies Liberal Capitalism: Are Hayek’s, Rand’s, and Friedman’s Answers Compatible?” My 2013 Atlas Summit lecture

The one-hour video of my lecture is at the Atlas Society site and at YouTube. The lecture starts at 3:40, after the introduction, and is about 45 minutes long, followed by a question-and-answer session. The sub-topics are: * 13 initial arguments for liberal capitalism. * Some quotations from Mises, Schumpeter, Jouvenel, Smith, Hayek, Mill, Rand,

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Transcript of “13 arguments for liberal capitalism in 13 minutes”

With much thanks to Matheus Pacini for his work on the transcription, below is the text for my “13 arguments for liberal capitalism in 13 minutes.” The original videos are at YouTube. The graphic integration of the arguments in a flowchart is here. And here’s the transcript in PDF. 13 Arguments for Liberal Capitalism in

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