Economic Philosophy

Wisconsin's Right To Work Law And The Fatal Flaws Of Unionism

BY MARK W. HENDRICKSON When even historically progressive Wisconsin adopts a right to work law—making employee payments to a union voluntary instead of mandatory—it’s a...

Ownership Must Be Tempered by Sharing

LAWRENCE W. REED, THE FREEMAN Clichés of Progressivism, Part 16 Progressives have a problem with ownership, especially when it’s yours. The very notion seems to conjure...

Unionism’s Fatal Flaws, Part Two: Double Standards

BY MARK W. HENDRICKSON Quite predictably, my article last week about Wisconsin adopting a right to work law elicited comments pro and con. I didn’t...

Unionism's Fatal Flaws, Part Two: Double Standards

BY MARK W. HENDRICKSON Quite predictably, my article last week about Wisconsin adopting a right to work law elicited comments pro and con. I didn’t...

On the Centennial of the Birth of a Giant

LAWRENCE W. REED, THE FREEMAN April 25, 2015, marks a century since John James Cowperthwaite entered the world. It’s a birthdate that deserves celebration everywhere. I...

Adam Smith: Free Private Enterprise Vs. The Folly of Human Laws

FREE ENTERPRISE ZONE: FUNDAMENTAL PRINCIPLES 1776 The natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security...

Wisconsin’s Right to Work Law and the Fatal Flaws of Unionism

MARK W. HENDRICKSON When even historically progressive Wisconsin adopts a right to work law—making employee payments to a union voluntary instead of mandatory—it’s a sign...

Wisconsin's Right to Work Law and the Fatal Flaws of Unionism

MARK W. HENDRICKSON When even historically progressive Wisconsin adopts a right to work law—making employee payments to a union voluntary instead of mandatory—it’s a sign...

How Does Paris Get Fed?

SANDY IKEDA, THE FREEMAN Frédéric Bastiat, the great 19th-century economic journalist, famously asked, “How does Paris get fed?” In a nutshell, I think that’s the...

Negative Interest Rates: A Brilliant Concept!

MARK W. HENDRICKSON I have to admit that initially I was uninterested, even close-minded, about the negative yield being offered on a growing share of...

“Business Is Entitled to a Fair Profit”

LEONARD E. READ, THE FREEMAN This is actually a cliché of social­ism, but it often goes unchallenged because the businessmen who re­peat it are rarely...

"Business Is Entitled to a Fair Profit"

LEONARD E. READ, THE FREEMAN This is actually a cliché of social­ism, but it often goes unchallenged because the businessmen who re­peat it are rarely...

Exploring The National Parks

JOHN C. SPARKS, THE FREEMAN Editor's Note: First Appeared in The Freeman: Ideas On Liberty, December 1964 The past half-century has seen in America far more...

Least of All… The Family

JOHN C. SPARKS, THE FREEMAN Editor's Note: Originally published March 01, 1963. When a group of us undertook to study the socialist doctrine "from each according...

Planning Verses The Market

BY HENRY HAZLIT FREE ENTERPRISE ZONE: ECONOMIC PHILOSOPHY CLASSICS Source: The Freeman: Ideas on Liberty, December 1962. From an address delivered at the 1962 meeting of...

Healthcare Is a Right

MAX BORDERS, THE FREEMAN Clichés of Progressivism, Part 14 Healthcare is important. People get sick and injured. As compassionate human beings, we should do what...

Cooperation, Not Competition!

LAWRENCE W. REED, THE FREEMAN Clichés of Progressivism, Part 13 “Gym Now Stresses Cooperation, Not Competition,” blared a headline in The New York Times a decade ago. The...

Unemployment Benefits: The Government Gets What It Pays For

Have the perverse incentives been proved? ROBERT P. MURPHY, THE FREEMAN Just about everyone agrees that incentives affect behavior, but economists really mean it. That’s because...

Adam Smith—Of the Division of Labor

An Inquiry Into the Nature and Causes of the Wealth of Nations by Adam Smith, 1776 2013 Internet Edition by Steve Farrell BOOK I. OF THE CAUSES...