One of the fundamental dogmas of laissez-faire capitalism is that the presence or absence of competition in any given industry is a sure indicator of
There is a widespread belief that whatever employs the most technology is necessarily better than an alternative that employs little or no technology. Hence, it
Water is H2O, hydrogen two parts, oxygen one, but there is also a third thing, that makes it water, and nobody knows what it is.
Former British prime minister Margaret Thatcher was a great admirer of Friedrich Hayek, who, together with Ludwig von Mises, Milton Friedman, and Ayn Rand, were
The vast majority of books do not outlive the particular time and place in which they were written. I am not speaking of the actual