Home Tags Economic philosophy

Tag: economic philosophy

The Function of Profits

BY HENRY HAZLIT Economics In One Lesson, Chapter 21 The indignation shown by many people today at the mention of the very word “profits” indicates how...

The Green New Deal Plus Modern Monetary Theory = Socialism

BY MARK W. HENDRICKSON Thank you, Representative Alexandria Ocasio-Cortez. The Green New Deal (GND) she has unveiled is most illuminating. It is now unmistakably clear...

“Enough to Buy Back the Product”

BY HENRY HAZLITT Economic in One Lesson, Chapter 20 Amateur writers on economics are always asking for “just” prices and “just” wages. These nebulous conceptions of...
video

Monopoly Might Be a Zero-Sum Game, but Wealth Isn’t.

Used with the permission of the Foundation for Economic Education.

The Folly of Minimum Wage Laws

BY MARK W. HENDRICKSON Pennsylvania Governor Tom Wolf has proposed raising the legal minimum wage to $12 per hour on July 1, 2019, and then an additional...

‘Justice’ Is the Word of the Year, and ‘Social Justice’ Is Its Orwellian Opposite

BY MARK W. HENDRICKSON The Merriam-Webster Dictionary has declared “justice” its “Word of the Year” for 2018, owing to a 74 percent year-over-year increase in...

The Shutdown’s Real Lesson

Government Has Taken Hostage Too Much of the Economy CHRIS EDWARDS, CATO INSTITUTE This article appeared on MarketWatch on January 10, 2019. We are in the third week of...

Punitive Marginal Tax Rates and A Partial Appeal to The Economics Literature

RYAN BOURNE, CATO INSTITUTE Alexandria Ocasio-Cortez hit headlines last week for advocating marginal income tax rates “as high as 60% or 70%” on those earning...

Spending More on Debt than Defense

BY MARK W. HENDRICKSON The financial health of the federal government has been deteriorating for decades. Unable to break free from our bipartisan addiction to...

Pilgrims experimented with Communism … and Rejected It!

AMERICAN MINUTE WITH BILL FEDERER High winds and treacherous tides along North America's coast blew the Pilgrims 500 miles off course, preventing them from joining...

Trump on Trade: The Latest on the Tariff Strategy

BY MARK W. HENDRICKSON When I commented in March about President Donald Trump’s plan to impose tariffs on imported steel, I was hoping that he would back...

High-Priced College Textbooks: Uncle Sam to the Rescue 

BY MARK W. HENDRICKSON If you are a college student, professor, or bookstore employee, you know how jarringly expensive college textbooks are. It isn’t unusual...

President Trump’s Proposed Tariffs

BY MARK W. HENDRICKSON President Donald Trump’s announcement that he plans to impose tariffs of 25% on steel imports and 10% on imported aluminum is...

Who’s “Protected” by Tariffs?

BY HENRY HAZLITT Economics In One Lesson, Chapter 11 A mere recital of the economic policies of governments all over the world is calculated to cause...

The Fetish of Full Employment

BY HENRY HAZLITT 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 HAZLITT 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 HAZLITT Economics In One Lesson, Chapter 8 I have referred to various union make-work and featherbed practices. These practices, and the public toleration of...

The Curse of Machinery

BY HENRY HAZLITT Economics In One Lesson, Chapter 7 Among the most viable of all economic delusions is the belief that machines on net balance create...

Credit Diverts Production

BY HENRY HAZLITT Economics In One Lesson, Chapter 6 Government “encouragement” to business is sometimes as much to be feared as government hostility. This supposed encouragement...

Taxes Discourage Production

BY HENRY HAZLITT Economics In One Lesson, Chapter 5 There is a still further factor which makes it improbable that the wealth created by government spending...

Public Works Mean Taxes

BY HENRY HAZLITT Economics In One Lesson, Chapter 4 There is no more persistent and influential faith in the world today than the faith in government...

The Blessings of Destruction

BY HENRY HAZLITT Economics In One Lesson, Chapter 3 So we have finished with the broken window. An elementary fallacy. Anybody, one would think, would be...

The Lesson Applied: The Broken Window

BY HENRY HAZLITT Economics In One Lesson, Chapter 2 Let us begin with the simplest illustration possible: let us, emulating Bastiat, choose a broken pane of...

Can Regulation Keep Up With Accumulating Knowledge?

DAVID BOAZ, CATO INSTITUTE What some doctors say about regulating the treatment of sepsis has much broader application. Sepsis, an often lethal reaction to infection...

Bernie is Blind to Compassion Without Compulsion

BY CHRISTOPHER MACHOLD During the confirmation hearings for Representative Tom Price’s appointment as Health and Human Services Secretary, Bernie Sanders took aim at Price’s claim...

Bastiat: The Gentle and Rough Hand of the State

LIBERTY LETTERS WITH STEVE FARRELL Many today look to the state for for a hand up, hand out, or for some other sort of privilege...

“The Law” Begins with God

by Steve Farrell Sometimes secularism sounds legitimate. One of the more thoughtful arguments used by proponents of a secular state, or of a state that mandates...

Liberty and Taxes

THE AMERICANIST: U.S. CONSTITUTION, BRADFORD SMITH Source: The Freeman: Ideas on Liberty, March 01, 1963 The American society is founded on the idea of individual liberty....

Do Unions Really Raise Wages?

BY HENRY HAZLIT Economics In One Lesson: Chapter 19, Do Unions Really Raise Wages? The power of labor unions to raise wages over the long run...

Minimum Wage Laws

BY HENRY HAZLITT Economics In One Lesson, Chapter 18, Minimum Wage Laws We have already seen some of the harmful results of arbitrary governmental efforts to...