If you are a student of business, in any stage of your career, I encourage you learn about rational egoism—if success in business is your goal.
MARKETS
The Myth of Profit Making as Exploitation
Pursuing self-interest in business is not exploitative, because it can only be based on voluntary trade.
Hazony’s Tradition-Based Society Is Social Engineering
At any moment in time, the world seems to be going to hell in a handbasket. Manners are missing; ethics are being eliminated; culture is corrupted; social attitudes are supercilious; virtues are vanishing; literature is mostly licentious; industry and commerce are...
Laissez Faire vs. Interventionism
In eighteenth-century France the saying laissez faire, laissez passer was the formula into which some of the champions of the cause of liberty compressed their program. Their aim was the establishment of the unhampered market society. In order to attain this end they...
Capitalism is the Solution to the Problem of “Asymmetric Information”
It is capitalism and the competitive market process that generates solutions to the knowledge problems of the society, including the “informational asymmetry” that naturally follows from any developed social system of division of labor.
Wages War
Many high employment “countries such as Iceland, Norway, Sweden and Switzerland” have no minimum wage laws.
Congress Seeks To Boost Teen Joblessness By Increasing The Minimum Wage
A mandatory minimum wage rate, to the extent it’s set above the market-clearing wage rate, causes unemployment.
Laffer Gets Laughable
If we can’t kill it entirely, we should be thinking about ways to make the Fed less political, not more.
Protectionists in Plunderland
If we Americans are indeed made better off the greater are foreigners’ demands for our exports, how are we made worse off by foreigners’ economic success given that such success invariably increases their demands for our exports?
Marx and His Exploitation Theory
As the economic degree of capitalism rises, not only do profit margins and the rate of profit fall, but wage payments come into being and then rise both absolutely and relative to profits.
U.S. Constitution Gives the Trade Power to Congress Alone
Republicans must join with Democrats to end Trump’s tariff authority. They should repeal these “emergency” laws that allow the president to unilaterally impose new taxes on Americans, in defiance of the intent of the framers of the Constitution.
Rational Selfishness and the Great Wealth Creator
People are most often confused by executives who seem to share attributes of both the inflated and the genuine egoist
Donald Trump: America’s Economic Commissar of Trade
Besides making Americans poorer than they otherwise need to be due to Trump’s tariff wars, the president has arrogantly used executive authority to arbitrarily impose higher import taxes (or their threat) at his own discretion and whim.
No Need To Cut Down Amazon, Apple, Google and Facebook To Size
It is not Amazon, Google, Apple, Facebook, and others that need to be “cut down to size,” as they cannot coerce us to buy their products and use their services.
The Financial Crisis: Lessons Not Learned
The financial crisis of 2008-9 — accompanied by the Great Recession was caused by government intervention, mainly in mortgage finance and the housing sector.
How Ayn Rand’s Philosophy of Objectivism Can Rescue Hayek’s Economics
In economics Hayek is a radical; but in philosophy, unlike Ayn Rand, Hayek is a conservative.
“Hipster Antitrust”: The Assault on Google, Facebook, Apple and Amazon
Hipster antitrust taken to its logical extreme involves the government using its power over firms to make them do whatever politicians feel like.
Is Capitalism Worth Saving? The Economic Argument for Capitalism
Any social system must coordinate production and cooperation, and must also implement a system of distribution that participants perceive as sustainable, which often means morally fair. As Nobelist Elinor Ostrom demonstrated, there are many and widely varied social...
Paid Family Leave Mandated By Government
Can’t we just leave government out of it and let employers and employees work this out to meet individual needs?
AOC Returns to the Scene of the Minimum Wage Crime
Does a government-mandated minimum wage help or hurt the very workers and job seekers that Ocasio-Cortez wants to help?
‘Buy American’ is un-American
A patriotic American acts as a capitalist and an individualist: he buys the best, wherever it may be found.
As the U.S. Government Grows, American Prosperity Slows
Economic growth has been faster when the federal government has been smaller (relative to GDP) – and vice versa.
What Makes Money Trustworthy?
I don’t trust politicians, generally, but I especially don’t trust them with money. Since the U.S. went off the gold standard, the dollar has lost 80 percent of its value.
Trump’s China Blunder
By mistaking the real nature of international trade, the costs of tariffs, the effects of currency movements, and the supposed ease with which the United States could quickly re-establish itself as a low-cost manufacturer, Trump risks shredding the safety nets that have undergirded the U.S. economy for decades and plunging us into a war we are ill-equipped to fight.
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