Economy
This posting is Part VIII in a series of postings about economic thoughts. This posting contains excerpts from a previous posting that addressed the often unspoken, but very real and deeply influential, incentives that drive government behavior – and how they compare unfavorably with the incentives that drive behaviors in a competitive capitalism system: In…
This posting is Part VII in a series of postings about economic thoughts. This posting contains excerpts from Chapter 2 of Nobel Laureate Milton Friedman’s 1962 classic book, Capitalism & Freedom in which he discusses the role of government in a free society: …To the [nineteenth-century] liberal, the appropriate means are free discussion and voluntary…
This posting is Part VII in a series of postings about economic thoughts. This posting contains excerpts from Chapter 2 of Nobel Laureate Milton Friedman’s 1962 classic book, Capitalism & Freedom in which he discusses the role of government in a free society: …To the [nineteenth-century] liberal, the appropriate means are free discussion and voluntary…
This posting is Part VI in a series of postings about economic thoughts. This posting contains excerpts from Chapter 1 of Nobel Laureate Milton Friedman’s 1962 classic book, Capitalism & Freedom in which he continues a discussion about the relationship between economic freedom and political freedom: It is widely believed that politics and economics are…
This posting is Part VI in a series of postings about economic thoughts. This posting contains excerpts from Chapter 1 of Nobel Laureate Milton Friedman’s 1962 classic book, Capitalism & Freedom in which he continues a discussion about the relationship between economic freedom and political freedom: It is widely believed that politics and economics are…
This posting is Part V in a series of postings about economic thoughts. This posting contains excerpts from the Introduction of Nobel Laureate Milton Friedman’s 1962 classic book, Capitalism & Freedom in which he begins a discussion about the relationship between economic freedom and political freedom: …The free man will ask neither what his country…
This posting is Part V in a series of postings about economic thoughts. This posting contains excerpts from the Introduction of Nobel Laureate Milton Friedman’s 1962 classic book, Capitalism & Freedom in which he begins a discussion about the relationship between economic freedom and political freedom: …The free man will ask neither what his country…
This posting is Part IV in a series of postings about economic thoughts. This posting contains excerpts from a January 2005 Reason magazine article, entitled Hayek for the 21st Century, which discusses biographer Bruce Caldwell’s thoughts on Nobel Laureate Friedrich Hayek’s ideas regarding: (i) the abuse of reason; (ii) fallacies and dangers of centralized planning;…
This posting is Part III in a series of postings about economic thoughts. The excerpts in this posting are taken from Chapter 24, entitled Parting Thoughts, in Thomas Sowell’s book Basic Economics: A Citizens Guide to the Economy and discuss: (i) why policy goals are trumped by incentives they create; and, (ii) the role of…
This posting is Part III in a series of postings about economic thoughts. The excerpts in this posting are taken from Chapter 24, entitled Parting Thoughts, in Thomas Sowell’s book Basic Economics: A Citizens Guide to the Economy and discuss: (i) why policy goals are trumped by incentives they create; and, (ii) the role of…
