Free Markets

Under capitalism, the common man was no longer a drudge who had to be satisfied with the crumbs that fell from the tables of the rich.

The price system performs the crucial function of transmitting knowledge throughout the society and thereby eliminates the need for bureaucracy.

The rise of interest in free market economics has come from outside academia and Economics in One Lesson has been a great part of this awareness.

Big firms that dominate the marketplace have never had much of a problem with government regulations that keep new competitors from springing up.

No such thing as a "natural" monopoly has ever existed. In real life, so-called "public utilities" faced frequent competition, so they secured government monopolies to destroy the competition and invented the myths to rationalize their monopoly power.

The growth of statistics, often developed originally for its own sake, ends by multiplying the avenues of government intervention and planning.

Chapter 3 of Classical Liberalism and the Austrian School. This chapter is adapted from a paper delivered at the general meeting of the Mont Pèlerin Society, in Cannes, September, 1994.

Chapter 13 of Guido Hülsmann's The Ethics of Money Production (2008).

Let us consider the process that led to the decline and disappearance of classical Roman civilization.

The psychology of the anti-market left can be a puzzle, but even more confounding is the mentality of the anti-market right.