Category: Economics

  • Europeans fear crisis threatens liberal benefits

    Across Western Europe, the “lifestyle superpower,” the assumptions and gains of a lifetime are suddenly in doubt. The deficit crisis that threatens the euro has also undermined the sustainability of the European standard of social welfare, built by left-leaning governments since the end of World War II.

  • Libertarian thinking discussed in Winfield

    A recent column in the Winfield Daily Courier illustrates just how difficult it is for some to grasp the ideas and principles of libertarianism. The column, titled Libertarians and Libertarians, makes a factual error but is wrong when describing several important aspects of libertarian thinking.

  • Supply-side economics, not taxes, cure for recession, audience told

    Sound money and income tax cuts — the elements of supply-side economics — have produced economic growth in America, according to Dr. Brian Domitrovic of Sam Houston State University. When our country imposes inflationary loose money policies and high income taxes, economic growth suffers, as in the period from 1973 to 1982. Unfortunately, these are…

  • Primer on Mises and Austrian economics published

    If you’ve heard of Ludwig von Mises and wondered why his ideas are important to freedom, here’s a chance to easily and quickly gain understanding of this important thinker and the field of Austrian economics. Or if you’ve not heard of or read about Mises and Austrian economics, here’s your chance. The Institute for Economic…

  • Response to economic crisis to be subject of Wichita lecture

    Tomorrow night at Friends University Dr. Brian Domitrovic of Sam Houston State University will speak on some of the key people and principles in his book Econoclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity.

  • Sweatshops best alternative for workers in many countries

    While sweatshops are not the place most Americans would choose to work, they are often the best alternative available to workers in some countries. Pay is low compared to U.S. standards because worker productivity is low, and the process of economic development will lead to increases in productivity and pay. But most policies promoted to…

  • The new road to serfdom and the continuing relevance of Austrian economics

    Here’s a video lecture recently given by Richard M. Ebeling titled The new road to serfdom and the continuing relevance of Austrian economics.

  • ‘In Praise of Sweatshops’ lecture

    The third in the series of three Lectures on Liberty will be held on Thursday April 8 at the historic Granada Theater in downtown Emporia. The speaker will be Benjamin Powell, professor of economics from Suffolk University in Boston, will be speaking on the topic “In Praise of Sweatshops.” The lecture is free and open…

  • What kind of man was Ludwig von Mises?

    What kind of man was Ludwig von Mises? As this unique film shows, Mises (1881-1973) was a man who never stopped fighting for freedom: not when the Nazis burned his books, not when the Left blackballed him at universities, not when it seemed as if statism had won. With courage and genius, he fought big…

  • The stimulus evidence one year on

    Last week, the Wall Street Journal reported a piece that analyzes whether the Obama stimulus plan, after one year’s time, can be judged a success. (See The Stimulus Evidence One Year On) Robert J. Barro, who is professor of economics at Harvard University and a senior fellow at Stanford University’s Hoover Institution, writes that the…

  • Importance of economic freedom explained in Wichita

    Yesterday Robert Lawson appeared in Wichita to deliver a lecture titled “Economic Freedom and the Wealth and Health of Nations.” The lecture explained how Lawson and his colleagues calculate the annual “Economic Freedom of the World” index, which ranks most of the countries of the world in how the “policies and institutions of countries are…

  • Hayek vs. Keynes: the video

    There’s a video concerning some obscure but vitally important ideas in economics that’s getting a lot of play on YouTube. Titled “Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem, the video tells the story about two competing theories of how the world works — the theories of John Maynard Keynes and Friedrich…