Steven Kates refutes Keynes’s caricature of the classical economists. Ultimately it is always goods that are traded for goods. Say’s Law, properly understood, explains both what causes unemployment and how to solve it..
Books
Ludwig von Mises’s Human Action: Marking 70 Years of Continuing Relevance
Mises’s brilliant treatise continues to be read and taken seriously as a cornerstone for understanding the nature of the free society and the workings of the market economy.
The Color of Law: A Forgotten History of How Our Government Segregated America
Segregation was a result of “open and explicit government-sponsored” policies.
Book Review: Discrimination and Disparities by Thomas Sowell
Sowell shows that socioeconomic outcomes differ vastly among individuals, groups and nations in ways that cannot be easily explained by any one factor, whether it’s genetics, sex or race discrimination.
Empires of Light, by Jill Jonnes
Why AC won the Electricity Wars.
Books: The Nazi Connection: Eugenics, American Racism, and German National Socialism
In his 1910 textbook, Elementary Principles of Economics, world-renowned Yale Professor Irving Fisher devoted part of a chapter to “Population in Relation to Wealth.” Fisher warned of the problem of “race suicide” caused by the fact that the most industrious and...
Audible’s “Black History” Month Blackballs Important Non-Left “Black Voices”
From the Audible website: “Black history and American history are forever intertwined. Limiting any celebration of Black history to a single month on the calendar does a disservice to the Black men and women who were (and are) integral to making this nation what it is...
Is “The Greatest Good for the Greatest Number” a Moral Principle?
Philosopher Ayn Rand on why “the greatest good for the greatest number” is one of the most vicious slogans ever foisted on humanity.
What is Americanism? Neither Trump Nor Obama Grasps Its Fundamental Nature
“Americanism” is not rooted in the nation, the race, or any other collective, but in a universal ideal: individualism.
Marxism/Socialism: An Introduction
Marxism/Socialism is a philosophy conceived in gross error and ignorance about the nature of capitalism, above all about the nature of the relationship between capitalists, profits, and wages.
Enlightenment Now: The Case for Reason, Science, Humanism, and Progress By Stephen Pinker
Enlightenment Now is just what the world needs right now. It is a defense of the ideas and values that have created the modern world, and a defense of that world itself.
Books: The Moral Case for Finance
The essential moral case for finance that Brook and Watkins present is that finance is good by the standard of human flourishing.
Appeasing The Campus “Thought Police”: UCLA Bans Book at a Free Speech Event
If today’s students are increasingly hostile to intellectual freedom, can we really expect tomorrow’s voters, lawyers, judges, politicians to uphold free speech?
Ludwig von Mises’s Majestic Magnum Opus, Human Action: A Treatise on Economics
Ludwig von Mises’s majestic magnum opus, Human Action: A Treatise on Economics, was published on September 14, 1949. In the nearly seven decades since its appearance, Human Action has come to be recognized as one of the truly great classics of modern economics.
Thomas Sowell’s Basic Economics
“Whether one is a conservative or a radical, a protectionist or a free trader, a cosmopolitan or a nationalist, a churchman or a heathen, it is useful to know the causes and consequences of economic phenomena.”
The Errors in Thomas Piketty’s Capital in the 21st Century
Capital accumulation and more production, not egalitarianism and its absurd theories and programs, are the foundation of rising living standards in general and rising real wages in particular.
Review of Free Market Revolution
How Ayn Rand’s Ideas Can End Big Government by Yaron Brook and Don Watkins
Fairness for Capitalism Pledge: An Open Letter to Warren Buffett
You and your fellow billionaires should make this policy on the part of the colleges and universities an absolute condition of receiving donations or bequests from you for any purpose. You could think of it, perhaps, as the “Fairness for Capitalism Pledge.”
Books: I Am John Galt
?This newly released book is by Donald Luskin and Andrew Greta. Mr. Luskin is Chief Investment Officer of an investment strategy company, TrendMacro. He's also well known as an author and a commentator on CNBC. He has recently had several op-eds published in the Wall...
Differing Reactions to Ayn Rand’s Novel Atlas Shrugged
It’s hard to get your mind around this, but a lot of people are really put off by Atlas Shrugged.
Atlas Shrugged: Who Runs Taggart Transcontinental?
“That’s who runs Taggart Transcontinental,” said the engineer; the respect in his voice was genuine. “That’s the Vice-President in Charge of Operation.”
Book Review of Andrew Bernstein’s “Capitalism Unbound: The Incontestable Moral Case for Individual Rights”
Andrew Bernstein’s Capitalism Unbound stunningly shows why and how the protection of individual rights gives rise to prosperity, and creates a nation of benevolently generous wealth holders.
Capitalism Unbound: The Truth About Capitalism
Andrew Bernstein’s Capitalism UnBound stunningly shows why and how the protection of individual rights gives rise to prosperity and creates a nation of benevolently generous wealth holders.
An Open Letter to America’s Students–Will “Atlas Shrugged” Change your Life Forever?
Some 95% of my students report that “Atlas Shrugged” is the best book they’ve ever read. No book that I’ve taught comes remotely close to fostering a more robust exchange of ideas in the classroom.
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