In the past, and even today, the stock market has played an important financial role in the economy by enabling companies to access the large
Tag: free trade
Comparative Advantage for Whom? The Rise of Corporate Tyranny
The simple classical economic doctrine of comparative advantage – that countries should specialize in producing goods and providing services in which they have a comparative
Free Trade Means Less Life and More Death: When the Free Market Becomes the Blind Market
The widespread economic belief that the more we consume, the better things will be for everyone is true only for human beings – and, moreover,
Aristotle’s Sillygism
In all introductory courses on logic, students are taught the syllogism, a short logical argument of three lines that contains a major premise, a minor
No to “Autarky”
The name by which a person, place, thing, or practice is called is, of course, important. Many words express varying degrees of either admiration or
The Myth of the Invisible Hand: Why We Need the Guiding Hand of Government
The many zealous advocates of free-market policies, which can be summed up in the phrase, “Less government and more private enterprise in all domains of
