by Matthew Boyer. The free market is the moral option when it comes to economic systems. This is something you don’t hear everyday, especially in progressive academia. But what is it about the free market that makes it superior to other potential economic models? Are capitalists truly greedy pigs, or are they self-interested humans who ... MORE
Showing posts with label voluntary exchange. Show all posts
Showing posts with label voluntary exchange. Show all posts
The Demonization Of American Capitalism
by Jonathan Adelman. In the last seven years, inspired heavily by the Great Recession of 2007-2009, there has been a tidal wave of demonization of American capitalism. From movies (“The Great Gatsby” to the “Wolf of Wall Street”) to large scale social protest movements (“Occupy Wall Street”) to “One Percenters” to much of the ... MORE
Jaana Woiceshyn: Business As A Moral Endeavor
The ones who make our lives better. When I tell people that I teach business ethics, I am often told that it is an oxymoron because business cannot be moral. That view is common, thanks to the wide acceptance of altruism as a moral code. The view is also mistaken, and we should be concerned because such a view hampers the ability ... MORE
Labels:
business,
capitalism,
free market,
morality,
self-interest,
trade,
value,
voluntary exchange
Richard M. Ebeling: The Miracle and Morality of the Market
Freedom to choose is the freedom to self-determine. One of the great fallacies arrogantly believed in by those in political power is the notion that they can know enough to manage and command the lives of everyone in society with better results than if people are left to live their own lives as they freely choose. The fact is, there is far more ... MORE
Baylen Linnekin: Food Trucks Have Turned the Corner
Are we at the dawn of a new era for food trucks? Food truck cuisine has often been about pushing boundaries. Think Korean tacos. But how about a cannabis-infused food truck? Earlier this year,
NPR
reported on the THC-infused pulled-pork sandwiches cooked up by
a Denver food truck. Sound like a new era for food trucks? While cannabis ... MORE
Cathy Reisenwitz: Why It's Time To Legalize Prostitution
There’s no good reason not to. A prostitute has a 45 percent to 75 percent chance of experiencing workplace violence at some point, according to recent research indicates, and a 32 percent to 55 percent likelihood that she or he was victimized the past year. Worker safety, along with concerns about exploitation and objectification, ... MORE
Walter E Williams: Economic Freedom
Another thing Obama fails to understand. A couple of years ago, President Barack Obama, speaking on the economy, told an audience in Osawatomie, Kansas: "'The market will take care of everything,' they tell us. ... But here's the problem: It doesn't work. It has never worked. ... I mean, understand, it's not as if we haven't tried this theory." ... MORE
The Data Is Clear: Free Markets Reduce Poverty
by D.W. MacKenzie. Some Catholic clergy have, once again, denounced supporters of laissez-faire capitalism.
Cardinal Oscar Rodriguez Maradiaga claims that the free market economy
is “a new idol” which creates inequality, excludes the poor, and that
“this economy
kills.” Cardinal Maradiaga does not speak alone. He quoted Pope ... MORE
I, Dinner — A Capitalism Lesson Over Burgers And A Beer
by Todd Skelton. A learning moment. Each week, I take my little family out to dinner in a neighborhood
restaurant. It’s nothing fancy, just your standard pub fare. On one
such outing, my kids started grilling me about which charities we
support. I ask what’s behind these questions and it turns out the kids
had been learning about charitable giving ... MORE
Labels:
capitalism,
charity,
economics,
entrepreneur,
self-interest,
virtue,
voluntary exchange,
workers
Pooja Kaushik: What Is A Free Market?
The basics of economic freedom. In a free-market economy, the forces of supply and demand are free of interference by a government, other authority or price-setting monopolies. In a controlled market or regulated market, a government intervenes in demand and supply through various non-market methods such as, laws that creates barriers ... MORE
Labels:
capitalism,
choice,
economics,
free market,
laissez fare,
self-interest,
trade,
voluntary exchange
The Boom In Smuggling To Avoid Cigarette Taxes
by Jonathan Berr. Another government-provoked black market. More than half of the cigarettes sold in New York State are smuggled
in from other places to avoid the Empire State's taxes on smokes, which
have soared nearly 200 percent since 2006, according to a report issued
by the conservative Tax Foundation. New
York is the highest net ... MORE
Why Milton Friedman's Vision For A Bitcoin Was Accurate
by Victoria Wagner Ross. Bitcoin has had many supporters and many critics as it exploded in popularity and news over the past year. CoinDesk
has featured Milton Friedman’s predictions today about a decentralized
currency and how it will be part of the future in a global economy. Consider the numbers of 25,000 merchants now ... MORE
Labels:
Bitcoin,
currency,
economics,
free market,
inflation,
international,
Internet,
voluntary exchange
John Stossel: Reputation Versus Regulation
Do you like to cook? Throw dinner parties? Many people enjoy that, but paying for the food, plus accessories, is expensive. Would you host more often if you could get your guests to cover the costs? Or suppose you'd like to go to a dinner party to meet new people in your neighborhood. Or maybe when you travel, instead of eating at ... MORE
Prostitution Freed From Legal Restrictions In Canada
by Brooke Magnanti. Yesterday, the long running saga of sex worker
Terri Jean Bedford's (pictured at right) challenge to Canadian
restrictions on prostitution came to a head as the Supreme Court of
Canada unanimously struck down
several such laws in
Canada v. Bedford. Declaring laws restricting
brothel-keeping, negotiating the ... MORE
Labels:
crime,
individual liberty,
legalize,
prohibition,
prostitution,
rights,
sex,
voluntary exchange
Why American Businesses Should Understand Nullification
The last chance for small business. “After all, the chief business of the American people is business. They are profoundly concerned with buying, selling, investing and prospering in the world.”, Calvin Coolidge. This excerpt from Coolidge’s 1925 address to the American Society of Newspaper Editors still rings true today. ... MORE
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