Capitalism or Free Enterprise?
29 Sep 2026 Leave a comment
in applied price theory, Austrian economics, development economics, economic history, growth disasters, growth miracles, liberalism, libertarianism, Marxist economics Tags: The Great Enrichment
I’ve addressed this issue in 2016 and 2021, so let’s continue this once-every-five-years tradition and ask whether supporters of economic liberty should stop advocating for “capitalism.” Instead, they should say they believe in “free enterprise” or the “free market.” I’ve used all of these terms, but polling data suggests that I’m making a mistake when […]
Capitalism or Free Enterprise?
‘The Use of Knowledge in Society,’ by Friedrich A. Hayek
01 Sep 2026 Leave a comment
in applied price theory, Austrian economics, economics of information, entrepreneurship, F.A. Hayek, history of economic thought, industrial organisation, Ludwig von Mises, market efficiency, Ronald Coase, Ronald Coase, Ronald Coase, theory of the firm
The wealth and technological sophistication of modern society are readily apparent. Less visible, but no less remarkable, is its ability to coordinate the actions of billions of people who know almost nothing about one another’s circumstances. Every day we make decisions without possessing most of the information on which those decisions ultimately depend. We purchase…
‘The Use of Knowledge in Society,’ by Friedrich A. Hayek
The Austrian Approach to Competition | Israel M. Kirzner
27 Aug 2026 Leave a comment
in applied price theory, Austrian economics, history of economic thought, industrial organisation Tags: competition law
The History and Importance of the Austrian Theory of the Market Process …
21 Aug 2026 Leave a comment
in applied price theory, Austrian economics, economic history, history of economic thought
Dr. Israel M. Kirzner — “Economics and Entrepreneurship”
21 Aug 2026 Leave a comment
in applied price theory, Austrian economics, economic history, entrepreneurship, F.A. Hayek, history of economic thought, Israel Kirzner, market efficiency
Dr. Israel M. Kirzner — “Economics and Entrepreneurship”
19 Aug 2026 Leave a comment
in applied price theory, Austrian economics, economic history, economics of regulation, entrepreneurship, history of economic thought, industrial organisation, law and economics, Public Choice, regulation, rentseeking Tags: competition law
Alex Tabarrok: Britain’s equal pay madness
16 Aug 2026 Leave a comment
in applied price theory, Austrian economics, discrimination, economics of education, gender, health and safety, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality Tags: affirmative action, gender wage gap, pay equity, sex discrimination
Geloso on how to think like a good economist
10 Aug 2026 Leave a comment
in applied price theory, Austrian economics
I really like Vincent Geloso’s slide deck on market processes, market failures, and government failures.Over the past couple of months, Claude read through about four million words I’ve written to develop an “Eric skill”. I can now give it documents that I don’t have time to read, and it’ll tell me what to watch for. When…
Geloso on how to think like a good economist
Fixing Argentina’s Punitive Tax System
20 Jul 2026 1 Comment
in applied price theory, Austrian economics, development economics, economic growth, economic history, fiscal policy, growth disasters, macroeconomics Tags: Argentina
Almost exactly one year ago, the Center for Freedom and Prosperity released this short video as part of a series on the additional reforms Javier Milei should implement to maximize Argentinian prosperity. Let’s take a closer look at the country’s tax policy, and I’ll start today’s column with an analogy. When Milei took office, Argentina […]
Fixing Argentina’s Punitive Tax System
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