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Politics

One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such...

Politics

The concept of economic calculation is vitally important to understanding our modern economy, yet few people— and especially economists—fail to comprehend that it even...

Politics

For those who value self-determination, free markets, peace, and freedom, Napoleon provides little to be admired. He was a despot, a warmonger, a centralist, and...

Politics

[This essay was originally published as “Die Legende von Versagen des Kapitalismus” in Der Internationale Kapitalismus und die Krise, Festschrift für Julius Wolf (1932)1...

Politics

Thousands of busybodies have descended on Abu Dhabi to forestall what they see as an imminent apocalypse. The twenty-eighth meeting of the Conference of...

Politics

One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses)...

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