There are few works in the history of economics that may be truly considered “revolutionary” and “path-breaking,” in its starting premises, its logic, and its implications. But one that is in this category is Carl Menger’s Grundsätze der Volkswirtschaftsliche, his Principles of Economics in its English translation, which marks this year the 150th anniversary of its publication in 1871.
End Government Paternalism and the Private Sector Will Do the Job
It is difficult to see the difference between an actual free market and the interventionist system under which we live because so many across the political spectrum refer to ours as a “capitalist” society.
Michelle Obama’s words imply that if there is to be healing and uniting it means that all those who think the “wrong” way must come over and only think according to the anti-capitalist “progressive” worldview of those on “the left.”
What do the Great Depression and the Second World War have in common with the coronavirus crisis of 2020? They have all been caused by government!
What really stood out in the vice-presidential debate that said something meaningful, not just about this election but the political times in general in which we live? That both the Trump-Pence and Biden-Harris teams have Big Plans to run your life.
What Professor Mazzucato calls for is better labeled a fascist-style command economy rather than some asserted form of modified capitalism.
Keynesian Economics has continued to dominate and hold sway over the way the vast majority of economists think about and analyze the nature of economy-wide fluctuations in employment and output.
In Aristotle, we find a more subtle and sophisticated understanding of some economic themes than in Plato. While Aristotle’s answers were incomplete and often misdirected, as well as incorrect, he at least was among the first to ask the types of questions that centuries later became part of the heart of economic analysis and understanding.
For Uncle Joe, “community,” “compassion,” and “love” means command and control government.
America’s disastrous history with central banking makes the case for why paper money and central banking are what should be challenged.
In the absence of government regulation and monopoly control, a free monetary and banking system would exist; it would not have to be created, designed, or supported. A market-based system would naturally emerge, take form, and develop out of the prior system of monetary central planning.
If the ideology and policies of “systemic racism,” identity politics, and cancel culture win out in the arena of American politics and cultural acceptance, it will be the end of America.
What exactly is the culture in America that is to be cancelled?
Contrary to, the ideological propaganda and rhetoric of the Race Marxists and Identity Politics Warriors, America is not and has not been an irredeemable captive of racism as asserted to have begun with the country’s first arrival of slaves in 1619.
Are we individual human beings who may or may not have by the accidents of birth particular racial and biological characteristics, or do we have certain racial and biological characteristics that determine and define who we are and how we should view ourselves in relation to others?
Now, at the age of 90, Thomas Sowell continues to offer us understanding and insight into the attitudes and institutions that can bring all people greater peace and prosperity, as well as human liberty.
An old adage says that tragedies often come in threes. Certainly, the first half of 2020 has seen a version of this.
There is no “paradox” to increased savings and its underutilization for investment and employment purposes, when governments have barred the doors to the factory entrance and the shopkeeper’s counter.
If there is a chance to not only pull society away from the social and economic abyss towards which it is moving, but return it to a path more in the direction of personal liberty, economic freedom, and equal individual rights under partial rule of law and constitutionally limited government, it requires resisting the pessimism that all is lost and irreversible, and having the courage and willingness to try to restore the free society.
“Saving lives” is inseparable from saving livelihoods.
Read by students, professors, and citizens, Capitalism Magazine provides over 9,000 free to read articles and essays from pro-reason, individual rights perspective.
No spam. Unsubscribe anytime.