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Economics Is about Individual Choice

"The light which the economic theorist can throw on an economic process, or on the outcome of such a process, is viewed as deriving from his ability to relate back the process to the individual acts of choice of which the process is made up. Through the theorist’s...

News Roundup 12/16/2024

News Roundup 12/16/2024

Ukraine Orban Says Zelensky Rejected Proposal for a Christmas Truce AWC Trump Says He ‘Vehemently’ Disagrees With US-Backed Long-Range Missile Strikes on Russia AWC  France, Poland Discuss Sending Troops To Monitor Future Ukraine Ceasefire AWC NATO Chief Calls for...

How Far We’ve Come

"The conditions under which modern man of the capitalist West must act are different from those under which his primitive ancestors lived and acted. As a result of the providential care of our forebears we have at our disposal an ample stock of intermediate products...

The Vulnerable Capitalist

"Popular literature attributes enormous 'power' to the capitalist and considers his owning a mass of capital goods as of enormous significance, giving him a great advantage over other people in the economy. We see, however, that this is far from the case; indeed, the...

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