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Economic Philosophy

The Fetish of Full Employment

BY HENRY HAZLIT Economics In One Lesson, Chapter 10 The economic goal of any nation, as of any individual, is to get the greatest results with...

Disbanding Troops and Bureaucrats

BY HENRY HAZLIT Economics In One Lesson, Chapter 9 When, after every great war, it is proposed to demobilize the armed forces, there is always a...

Spread The-Work Schemes

BY HENRY HAZLIT Economics In One Lesson, Chapter 8 I have referred to various union make-work and featherbed practices. These practices, and the public toleration of...
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Larry Reed – “The Seven Principles of Sound Public Policy”

Lawrence W. Reed is President of the Foundation for Economic Education and the author of the book Real Heroes: Inspiring True Stories of Courage,...

The Free Market Beats Government Planning Every Time

BY WALTER WILLIAMS One of the most challenging and important jobs for an economics professor is to teach students how little we know and can...

Benjamin Constant, Eloquent Defender of Freedom

DAVID BOAZ, CATO INSTITUTE Today is the 250th anniversary of the birth of Benjamin Constant, a prominent French liberal in the postrevolutionary era, whom Isaiah Berlin called “the most...