Guest post by jdellape. [In] real life, entrepreneurs within different firms are not in perfect competition and do not have accurate production curves that they can passively follow. Rather, they must take actions which they feel will lead to the best outcomes for the firm.Read the full thing »
Category: Free Markets
How Prices Are Determined
Guest post by Percy L. Greaves, Jr. There was once a Russian school child whose cat had a family of kittens. When asked to write a paper for her class, the child wrote about the mother cat and the kittens. The next day she read her paper to the class. In it she told about…
Hot, Fresh, and Fighting
Guest post by Illinois Policy Institute.
Intellectual Property and Economic Development
Guest post by Stephan Kinsella.
Food Safety in a Free Society
Guest post by AnarchObjectivist. A combination of factors would provide an expectation of a high degree of food safety in a free society.Read the full thing »
Embrace the Remix
Guest post by Kirby Ferguson.
Economic Equality
Guest post by Chesterton Cobb.
Free From What?
Guest post by Tim Nerenz. The argument for free enterprise is won at “free”. And the thing that enterprise must be liberated from is, of course, government. When people are free (from government) to produce, own, exchange, store, transport, invest, save, buy, sell, invent, work, and consume in any manner they see fit, the most…
The Butcher, the Brewer, the Baker, and the Bureaucrat
Guest post by Robert Tracinski. The reason why the ideological bubble of mainstream liberalism is so resistant to being punctured is that it is part of a moral bubble: an unchallenged belief in the morality of welfare-state altruism. In the altruist worldview, supporting yourself and providing for your own needs has no moral significance, but…
How Government Creates Poverty as We Know It
Guest post by Charles Johnson. Governments—local, state, and federal—spend a lot of time wringing their hands about the plight of the urban poor. Look around any government agency and you’ll never fail to find some know-it-all with a suit and a nameplate on his desk who has just the right government program to eliminate or…