The Freeman Online by Steven Horwitz Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet. And rightfully so, since he often says ridiculous things that demand a response from those who understand basic economics better than he does, despite his having won a Nobel Prize. His [...]
Category Archives: Economics 101
Creating Jobs versus Creating Value
Posted in Economics 101 Tagged Job Creation, Ludwig von Mises, Paul Krugman, Steve Jobs, Steven Horwitz, Wealth Creation Leave a comment
America’s Economic Knowledge Deficit
The Foundation for Economic Education (FEE), one of the oldest free-market organizations in the United States, was founded in 1946 by Leonard E. Read to study and advance the freedom philosophy. FEE’s mission is to offer the most consistent case for the “first principles” of freedom: the sanctity of private property, individual liberty, the rule [...]
Posted in Economics 101 Tagged Foundation for Economic Education, free markets, Lawrence W. Reed Leave a comment
Political Economy Wisdom on ESPN
There are some bright spots in the midst of the seemingly unstoppable growth of government. Citizens of every stripe are beginning to wake-up to the dangers and stupidity of the meddling in private affairs of this current administration. And for all of my sports fans who don’t think much about government, economics and the constitution [...]
Posted in Economics 101 Tagged ESPN, George Mason University, Peter Boettke, Tony Kornheier 1 Comment
You Can’t Count What You Can’t See
Posted by Steven Horwitz, Guest Blogger at 4:10 PM on 02/02/10 on the NBR Blog HT to Steve Horwitz at the Coordination Problem Blog Over the weekend, the White House released a report indicating that the stimulus program had directly funded about 600,000 jobs and indirectly “created or saved” a total of 1.5 to 2 [...]
Posted in Economics 101 Tagged Coordination Problem, Frederic Bastiat, Milton Friedman, Steve Horwitz, White House Leave a comment
Stimulus II: A Sequel America Can’t Afford
Once again, Dan Mitchell, for the Cato Institute has done an excellent job of exposing the failures of the 1st “stimulus” plan and the threat of another. Great job Dan and thanks for sending it on to us.
The Role of Private Property in a Free Society
By Peter Boettke, Ph.D. “The true foundation of republican government is the equal right of every citizen in his person and property and in their management.” –Thomas Jefferson to Samuel Kercheval, 1816. Few concepts have been more important for human survival, yet maligned as unjust by intellectuals, as the concept of private property rights. Since [...]
Also posted in Private Property Tagged Adam Smith, American Revolutionaries, Aristotle, Classical Economists, David Hume, Entrepreneurial, F. A. Hayek, George Washington, James Madison, Ludwig von Mises, Peter J. Boettke, Private Property, Private Property Rights, Scottish Enlightenment, Socialism, Thomas Jefferson, Wealth of Nations, Western Civilization 2 Comments
The Real Meaning of Thanksgiving: The Triumph of Capitalism over Collectivism
Written by Richard M. Ebeling Monday, 24 November 2008 00:00 This time of the year, whether in good economic times or bad, is when we gather with our family and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make [...]
Time for U.S. to declare bankruptcy
Scott Beaulier, and , Peter L. Boettke, Commentary: East Valley Tribune.com November 16, 2009 – 11:47AM The Treasury Department — whose mission has ostensibly expanded to include management of government finances, the promotion of economic growth and stability, and the provision of safety, soundness, and security in financial systems — will hit its debt ceiling [...]
Also posted in Austrian Economics Tagged Adam Smith, Bankruptcy, F. A. Hayek, George Mason University, Independent Institute, Mercer University, Peter Boettke, Scott Beaulier Leave a comment
