Research Paper explaining how, by transmitting knowledge throughout the food supply chain, middlemen contribute to better and more varied food, while lowering costs for consumers
Although we take supermarkets for granted, our access to such a quantity and variety of food products on demand and at any time of year is absolutely remarkable. This “miracle” is all the more impressive given that it is the result of spontaneous and voluntary collaboration between millions of people, most of whom will never meet. This paper will examine the historical evolution and the current operation of supermarkets and the numerous intermediaries that supply them, using the analytical framework of the Austrian School of Economics.
Economic Note responding to some of the most common objections to a social and political system based on economic freedom
A useful and intuitive definition of “economic freedom” is the freedom (absence of coercion) to buy from, or sell to, a willing counterparty. A society based on economic freedom is a free-market society. But is economic freedom economically beneficial? Is it all about money? Is it moral? Aren’t there many exceptions where government intervention is warranted? This Economic Note addresses these questions.