By Steven Horwitz • The Freeman, April 2009 • Volume: 59 • Issue: 4 One of the most common objections to free markets is that they ignore ethical considerations. In particular, critics argue that there are many things we “ought” to do that they believe will make people’s lives better off. We ought to “redistribute” [...]
Tag Archives: The Freeman
Ought Implies Can
Posted in Economics and Ethics Also tagged Daniel Shapiro, David Prychitko, Economists, Ethics, F. A. Hayek, Steve Horwitz, Welfare State Leave a comment
On the Austrian Theory of the Trade Cycle, Part I
If you really want to understand the causes of the boom and bust cycles of our economy you need to study the Austrian schools, theory of the trade cycle. Donald Boudreaux, chairman of the economics department at George Mason University, does an excellent job of boiling it down, for the non-economist, into the basic concepts [...]
“FOR THE GOOD OF OTHERS”*
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, [...]
Posted in Economics 101, Free Markets Also tagged Adam Smith, Foundation for Economic Education, Leonard Read, The Wealth of Nations, Thomas Jefferson Leave a comment
