The great economist James M. Buchanan died yesterday. He was truly a great thinker. You can read about his importance by comments from Robert Higgs and and Tom Dilorenzo.
Here are some excerpts from Cato that discuss the importance of his work.
Nobel Prize-winning economist James M. Buchanan died on Wednesday at the age of [...]
*It turns out that we did not publish Part 1 of Keith’s article on “The Unadulterated Gold Standard”. So apologies to readers who read Part II before Part I. Here it is. — JH
The choice of the word “unadulterated” is not accidental. There were many different kinds of gold standard, [...]
In Part I, we looked at the period prior to and during the time of what we now call the Classical Gold Standard. It should be underscored that it worked pretty darned well. Under this standard, the United States produced more wealth at a faster pace than any other country before, or since. There were [...]
Free markets = spontaneous organization + free trade + specialization of labor + capital + entrepreneurship. In his 1958 essay, “I Pencil” Foundation for Economic Education founder Leonard Read told the story of the simple pencil, and the complex process which brought it into existence. It’s a classic, aimed at children, but I urge you [...]
This article came in this morning from the Mises Institute about Estonia, a country we’ve been casually following because of its free market friendly policies. Frank Shostak is an economist I follow closely.
Why Estonia Is Beating the Eurozone
By Frank Shostak on October 18, 2012
Against the background of a severe economic crisis in [...]
Gallup came out with a recent poll that revealed an interesting sentiment held by our fellow Americans:
More Americans say it is important that the federal government enact policies that grow the economy and increase equality of opportunity than say the same about reducing the income and wealth gap between the rich and the poor. [...]
The Daily Capitalist is pleased to welcome John L. Chapman, Ph.D., an Austrian economic theory economist, as a regular contributor to our growing site. Dr. Chapman will publish articles on the economy and markets. He is Chief Economist with Alhambra Investment Partners, an investment advisory firm in Florida. He is also a researcher affiliated with [...]