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When government agents intervene into the economy, they do so without even understanding how market processes work in the first place. This lack of...
In the early years, the pilgrims of Plymouth Colony adopted a 17th-century form of socialism and nearly starved to death. They had little to...
Marx built his infamous Labor Theory of Value on the premise that labor itself was a commodity. However, as Mises and other Austrians have...
The Salamanca School is known for important contributions to free-market economics and the Austrian School. The Bolognese jurists also made key contributions.
The standard belief is that slavery was about obtaining “cheap labor,“ yet nothing could be further from the truth. Slavery comes with high opportunity...