Economic Philosophy

Bernie the Bigot?

BY MARK HENDRICKSON I abhor the name calling that degrades our political discourse, especially in election years; hence, the question mark in the title. I...

Is the Federal Minimum Wage Unconstitutional?

BY MARK HENDRICKSON It’s a familiar political scenario: Behind the fig leaf of compassion and fairness, progressives and the union-dominated Democratic Party want the federal...

The Fed’s Lack of Appreciation for the Healing Power of Markets

DANIEL L. THORNTON, CATO INSTITUTE In my recent Cato Institute policy analysis, “Requiem for QE,” I analyze the transcripts of the 2008 and 2009 Federal...

The ‘Phishing For Phools’ Book That Should Have Been Written

BY MARK HENDRICKSON “Phishing for Phools: The Economics of Manipulation and Deception,” is a trivial work from two bright, kindly, likable scholars, Nobel Prize-winning economists,...

Today’s Progressives Want To Take Us Back To The 16th Century

BY MARK HENDRICKSON Life in the 16th century was bleak. Unless you were lucky enough to have been born into the sliver of the population...

Restraints Upon Foreign Imports Of Goods Produced At Home

An Inquiry Into the Nature and Causes of the Wealth of Nations by Adam Smith, 1776 2013 - 2015 Internet Edition (with occasional explanatory notes) by...

How Many People Can Planet Earth Sustain?

Why the 'Population Bomb' is a Dud ROBERT P. MURPHY, THE FREEMAN Asked whether or not the growing world population will be a major problem, 59%...

On Freedom and Order

BY LEONARD E. READ, THE FREEMAN Originally published by The Freeman: Ideas On Liberty, January 1965 My purpose in this essay is to throw some light...

The Gig Economy Makes Karl Marx’s Dreams Come True

And It's All Capitalism's Doing MAX BORDERS, THE FREEMAN When Joe Average steps out of his car after completing his shift for Lyft, he does so...

The Need to Balance the Budget and Reduce Federal Debt

CHRIS EDWARDS, CATO INSTITUTE Committee on the Budget United States House of Representatives Mr. Chairman and members of the committee, thank you for inviting me to testify....

How to Outsource Your Compassion to the Government

Economic Intervention Punishes Those Who Help Most ROBERT P. MURPHY, THE FREEMAN I saw the mom and her two little kids camped out in the shopping...

Capitalist Theory Is Better Than Socialist Reality

In This Case, Turnabout Is Fair Play SANDY IKEDA, THE FREEMAN Tell someone on the left that crony capitalism is not the same as the free...