In his 1946 book Economics in One Lesson, Henry Hazlitt observed that “government ‘encouragement’ to business is sometimes as much to be feared as government hostility.”
In addition to a health crisis, the coronavirus pandemic raises concerns about an economic crisis. While several commentators draw parallels with the Spanish influenza, this MEI publication analyzes the economic lessons that should be learned from this historical episode.
Malgré la situation difficile que nous vivons tous, plusieurs initiatives et réactions de nos concitoyens et ailleurs dans le monde peuvent nous rendre fiers.
Ethiopia is turning to the free market economy.
The concept of socialism deserves to be rigorously defined.
Review of the book « Money » by Steve Forbes and Elizabeth Ames.
This booklet contains short write-ups on the lives and ideas of eighteen classical liberal thinkers from the past century and a half. Together, these short biographical essays tell the story of the evolution of classical liberal thought as the benefits of freedom have spread, though haltingly and unevenly, around the world. And they point the way forward to a future of greater and more widespread wealth and well-being for all.
Portrait of the American novelist Ayn Rand.
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.
Portrait of Economist Lawrence H. White.