By DCT | December 11, 2009
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 at least [...]
Posted in Economics 101, Private Property | Also tagged 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 |
By DCT | November 19, 2009
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 [...]
Adam Smith, who lived in the eighteenth century, provided the philosophical and most systematic arguments for the underpinnings of a laissez-faire economic system in his book “The Wealth of Nations.” Smith makes the argument that it was only the interference of government which disrupted the natural working of economic society and created poverty and [...]
By DCT | February 22, 2009
By Leonard E. Read
A professor writes, “It seems to me that it is quite an unworthy goal for businessmen to go to work for the sake of bringing profit to the stock-holders.”
The head of a large corporation bemoans the bad image of business and contends that the first consideration of American business is, when [...]