"The fact that my fellow man wants to acquire shoes as I do, does not make it harder for me to get shoes, but easier." —Ludwig von Mises, Human Action
Economics
Shame on You, Socialists!
by Sheldon Richman | Nov 17, 2024 | Blog, Economics
American socialists not only pit workers against entrepreneurs; they also pit rich American workers against the poor workers of the rest of the world. Shame on you, socialists!
The Value of Selfishness
by Sheldon Richman | Nov 16, 2024 | Blog, Economics
"The welfare school pretends not only to stand for the interests of the whole of society as against the selfish interests of profit-seeking business; it contends moreover that it takes into account the lasting secular interests of the nation as against the short-term...
Mises on Equality and Inequality
by Sheldon Richman | Nov 15, 2024 | Blog, Economics, Justice
"The liberal champions of equality under the law were fully aware of the fact that men are born unequal and that it is precisely their inequality that generates social cooperation and civilization. Equality under the law was in their opinion not designed to correct...
TGIF: Police-State Progressives
by Sheldon Richman | Nov 15, 2024 | Economics, Justice, Sheldon Richman, TGIF
Progressives see themselves as, well, progressive. But they aren't. Even at their best, in opposing the national security state, they support massive government power in other realms of life. At heart they are social engineers. They seek a "moral equivalent of war,"...
The Worker as Free Person
by Sheldon Richman | Nov 14, 2024 | Blog, Economics
"In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee’s lord. He is simply the buyer of services which he must purchase at their market price. Of course, like every other buyer an employer too can...
Labor as Commodity
by Sheldon Richman | Nov 13, 2024 | Blog, Economics
For the individual actor, "as for everyone, other people’s labor as offered for sale on the market is nothing but a factor of production. Man deals with other people’s labor in the same way that he deals with all scarce material factors of production. He appraises it...
TGIF: That Was the Election that Was
by Sheldon Richman | Nov 8, 2024 | Economics, Foreign Policy, Justice, Libertarianism, Politics, Sheldon Richman, TGIF
One can be overjoyed by the repudiation of a candidate without being pleased with the opposing candidate's victory. This election is an occasion for that reaction. An American (or anyone actually) is perfectly justified in taking pleasure in Kamala Harris's...