in turn enable further types of interactions beyond the realm of business. The genius of the market is that it enables a wide array of individuals, groupings, and associations to organize spontaneously to advance their various interests in a cooperative fashion that yields win-win arrangements.
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Distinguished guests celebrate liberty movement jubilee
I recently returned to D.C. from Tampa, Florida, where I attended the 60th anniversary meeting (“Diamond Jubilee”) of the Philadelphia Society. For those who…
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Free the Economy podcast: Frontier economics with Kendall Cotton
In this week’s episode we cover the diamond jubilee of the Philadelphia Society, the cost of government regulation in the UK, the…
Blog
Bees are flourishing again. Thanks, capitalism!
You can relax, everyone: The honeybees are back. As Andrew Van Dorn of the Washington Post reported recently, America suddenly now has a record…
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Eight States Join Challenge of Law That Regulates Financial Industry
The move comes more than four months after three other AGs joined the suit, which was originally filed in June by the State National Bank…
Financial Times
Letter to the Editor: Companies should never apologise for making products people enjoy
Sir, The key (if unintended) message of Alan Rappeport’s analysis of Coca-Cola’s response to New York Mayor Michael Bloomberg’s “anti-obesity” measures is that corporate appeasement…
Blog
Adam Smith’s Recommendation To End Illegal Immigration
Restrictions on immigration have created a black market in labor and movement. Currently, the U.S. government issues only 10,000 green cards to workers who lack higher…
Blog
James Buchanan, 1919-2013
Economics has lost one of its greats. James Buchanan has passed away at age 93. Born on a Tennessee farm in 1919, he continued working…
Forbes
Hurricane Sandy, and the Invisible Hand of Recovery
Once again, a terrible natural disaster strikes, and Americans from the Carolinas to New England are doing their best to sort through the wreckage and…
Forbes
History’s Witness: Prague, Communism, And The Socialist Ideal
What is it about the “noble ideals” of socialism that makes people forget the lessons of their actual practice? If you need yet another reminder,…