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Pelatiah Webster: America’s Adam Smith and a Forgotten Founder

In 1776, the same year the Declaration of Independence appeared in America, Pelatiah Webster started publishing a series of essays on economic matters BY LAWRENCE...

The Lesson Restated – Henry Hazlit

BY HENRY HAZLIT Economics In One Lesson, Part Three, Chapter 24: The Lesson Restated Economics, as we have now seen again and again, is a science...

The Assault on Savings

BY HENRY HAZLIT Economics In One Lesson, Chapter 23 From time immemorial proverbial wisdom has taught the virtues of saving, and warned against the consequences of...

The Mirage of Inflation

BY HENRY HAZLIT Economics in One Lesson, Chapter 22 I have found it necessary to warn the reader from time to time that a certain result...

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...

Leonard E. Read on Why Means Matter More Than Ends

GARY M. GALLES, FOUNDATION FOR ECONOMIC EDUCATION History has produced an almost endless supply of those who would remake society into the utopia they imagine....

“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...

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

Used with the permission of the Foundation for Economic Education.

‘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...

Virginia Couple Scores First Round Victory in First Amendment Fight

Army veteran and wife are suing State Council of Higher Education for Virginia for right to teach job skills ANDREW WIMER, INSTITUTE FOR JUSTICE Arlington, Va....

U.S. Supreme Court to Decide on Discriminatory State Laws Against Newcomers

JOHN E. KRAMER, INSTITUTE FOR JUSTICE Arlington, Va.—Doug and Mary Ketchum moved to Memphis in 2016 with the dream of buying a business that would...

Welfare Cowboy

CHRIS EDWARDS, CATO INSTITUTE A reporter called the other day to ask what I thought about the National Endowment for the Arts (NEA) giving subsidies...