Free Market

A Flood of Government Intervention

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Some Americans are outraged at the federal government for reasons other than the recent government shutdown. No, they are not outraged because the National Science Foundation is funding the development of card games, videos and other educational programs “to engage adult learners and inform public understanding and response to climate change” through the $5.7 million Polar Learning and ... [click for more]

Gabriel Kolko Revisited, Part 2: Kolko Abroad

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Part 1 | Part 2 Gabriel Kolko’s historical writing hinges on the interrelations of economic, political, and ideological power in American history. His later work increasingly focused on those phenomena in relation to war, peace, and empire. As his project went forward, Kolko increasingly departed from that Marxist framework in which state power becomes so utterly subordinate ... [click for more]

Gabriel Kolko Revisited, Part 1: Kolko at Home

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Part 1 | Part 2 An earlier generation of libertarians was interested in Gabriel Kolko, a historian of the Left. Who was he? Born in 1932 in Paterson, NJ, historian Gabriel Kolko studied at Kent State, the University of Wisconsin, and Harvard University (PhD: 1962). From 1970 until his retirement he taught history at York University in Toronto, ... [click for more]

Book Review: The Moral Case for a Free Economy

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Defending the Free Market: The Moral Case for a Free Economy by Robert Sirico (Regnery Publishing, 2012), 213 pages. Critics of the free market assert that it fails the underprivileged, leads to income inequality, exploits the poor, and is at times downright cruel. They charge its defenders with being motivated by greed, selfishness, and materialism, and making a god out ... [click for more]

The Market Is a Beautiful Thing

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Market advocates tend to respect the intellect of their fellow human beings. You can tell by their reliance on philosophical, moral, economic, and historical arguments when trying to persuade others. But what if most people’s aversion to the market isn’t founded on philosophy, morality, economics, or history? What if their objection is aesthetic? More and more I’ve come to think ... [click for more]

Bangladeshi Workers Need Freed Markets

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Since November, more than a thousand Bangladeshi garment workers have perished in two tragic factory calamities: a fire in Tazreen and a building collapse in Savar, outside the capital, Dhaka. Bangladesh is a major exporter of apparel to the West and “is set to become the world’s largest apparel exporter over the next few years,” the Economist reports. ... [click for more]

Food Safety: A Market Solution

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The FDA is trumpeting, with unseemly giddiness, sweeping implementation of new rules within the now thoroughly moldered food-safety bill, passed two long years ago. Like any dish served past its prime, this one smells a bit off. As a producer in the ascendant food renaissance (defined by a sudden respect for all things small and local) I’ve noticed a curious ... [click for more]

Book Review: What Reality Teaches Us

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No, They Can’t: Why Government Fails — But Individuals Succeed by John Stossel (New York: Threshold Editions, 2012), 324 pages. John Stossel is the well-known host of Stossel on Fox Business. A graduate of Princeton, he has won an incredible 19 Emmy awards, is a five-time honoree for excellence in consumer reporting, and is a New York Times bestselling ... [click for more]

TGIF: The Myth of Market Failure

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In the language of economics, a market failure is, as David Friedman writes, “a situation where each individual correctly chooses the action that best accomplishes his objectives, yet the result is worse, in terms of those same objectives, than if everyone had done something else.” As a rule, the pursuit of individual good in the market ... [click for more]

Market Manipulations

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With all the government meddling in the economy, it is virtually impossible to sort out free-market functions from political manipulations. It is also impossible to predict the economy’s future performance with any degree of accuracy. There are simply too many variables, and with most economic data being manipulated to serve political agendas, the chances of getting an accurate picture ... [click for more]

Right-to-Work Laws and the Modern Classical-Liberal Tradition

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It’s not widely known, but an earlier generation of libertarians condemned so-called right-to-work laws as anti-market. For example, Milton Friedman, in Capitalism and Freedom, compared right-to-work to anti-discrimination laws. Ayn Rand also opposed right-to-work laws. The Spring 1966 issue of the libertarian student-run journal New Individualist Review carried Prof. Hirschel Kasper’s article “What’s Wrong with Right-to-Work Laws.” NIR was ... [click for more]

Women, Discrimination, and a Free Society

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For the first time in its history, South Korea has elevated a woman to the office of president. Newly elected Park Geun-hye is the daughter of the president and dictator Park Chung-hee, who ruled the country from 1961 until his assassination in 1979. During her presidential campaign, she pledged to increase government aid to single parents, expand maternity and paternity ... [click for more]
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