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
Tag: Ludwig von Mises
The Free Market is not Free: The Grave Inefficiency of the Price Mechanism
In classical economic theory, all the participants in the economy are assumed to have perfect and complete information, at all times, about everything they need
Capitalism’s Greatest Defect
The many apologists of capitalism argue that capitalism is a neutral or valueless system whose sole objective is to enable people to create wealth and
Homo Stupidus 