Tag: Laissez faire
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‘Political capitalism’ explained in Wichita
In Wichita this Monday, Robert L. Bradley, Jr. explained the state of capitalism in America today, using his experience working in a high-level position at the failed energy conglomerate Enron as a backdrop. Bradley asked: What happened to business prudence? What has happened to capitalism? The answer is that what we have today is not…
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80 Years Later: Parallels Between 1929 and 2009
Austrian economist Walter Block delivers a lecture that draws the parallels and differences between now and the Great Depression.
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Some misunderstand what they criticize …
But it doesn’t stop them. Over at the Kansas Jackass blog, it appears there’s been a discussion about libertarianism and how it doesn’t work. I think however, that the Jackass and some of his sycophants are misinformed about a few things.
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Financial crisis caused by government
Did the “excesses” of capitalism cause the current financial crisis? First, we really don’t have capitalism in the United States, at least not any reasonable semblance of laissez faire capitalism, as explained in my post The Myth that Laissez Faire Is Responsible for Our Present Crisis, based on the work of Professor George Reisman.
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The bailout reader
The events taking place in the financial market offer an illustration of the soundness of the Austrian theory of money, banking, and credit cycles, and Mises.org, which has long warned of precisely the scenario playing itself out today, is your source not only for analysis of these events but also the economic theory that helps…
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I, Pencil turns 50!
The Foundation for Economic Education has a new version of I, Pencil to celebrate its 50th anniversary. Click here to view the announcement and read this short book.
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Introducing Economics in One Lesson
In This Book is So Me, Walter Block introduces a book that I’ve quoted from and used extensively: Economics in One Lesson by Henry Hazlitt. Every widespread economic fallacy embraced by pundits, politicians, editorialists, clergy, academics is given the back of the hand they so richly deserve by this author: that public works promote economic…