adam smith
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Budgets/TaxesGovernmentLibertyPolitics
Free Market Liberalism Is Needed More Than Ever
by Richard Ebeling April 16, 2019The famous New York Yankees baseball player and manager Yogi Berra is credited with the saying “It’s déjà vu all over again.”
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Budgets/TaxesGovernmentLiberty
Public Goods, National Defense, and Central Planning
by Richard Ebeling March 2, 2018The competitive market economy is a powerful institutional mechanism for bringing human ingenuity, energy and creativity to bear to improve both the material and cultural circumstances of multitudes of people around the world.
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Budgets/TaxesEconomics
Government Monopoly Money vs. Personal Choice in Currency
by Richard Ebeling June 29, 2017For more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from other types of goods and markets.
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EconomicsFeaturedLiberty
Economic Ideas: Jean-Baptiste Say and the “Law of Markets”
by Richard Ebeling June 20, 2017Whatever economic freedom we enjoy in the world today is due, to a great extent, to the ideas and efforts of the classical liberals and economists of the first half of the nineteenth century.
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Budgets/Taxes
A Tax Cut – Should Not Include A Stupid, Economy-Debilitating Tax Increase
by Seton Motley May 13, 2017President Donald Trump and the Republican Congress have both put forward tax reform plans that contain lots and lots of really great ideas.
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EconomicsFeatured
Economic Ideas: David Ricardo on Wealth, Inflation, and Freedom
by Richard Ebeling January 18, 2017David Ricardo (1772-1823) was one of the most influential economic theorists of the first half of the nineteenth century.
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Economics
Economic Ideas: Adam Smith on Free Trade, Crony Capitalism, and the Benefits from Commercial Society
by Richard Ebeling December 21, 2016Adam Smith’s central contribution to economic understanding was surely his demonstration that under an institutional arrangement of individual liberty, property rights, and voluntary exchange the self-interested conduct of market participants could be shown to be consistent with a general betterment of the human condition.
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Economics
Economic Ideas: Adam Smith on Moral Sentiments, Division of Labor and the Invisible Hand
by Richard Ebeling December 15, 2016Adam Smith is, without doubt, the most famous member of that group of Scottish Moral Philosophers who contributed to the development of social and economic understanding of the market economy and how economic liberty makes human prosperity possible.
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Economics
Economic Ideas: Francis Hutcheson and a System of Natural Liberty
by Richard Ebeling November 27, 2016Scotland would seem a strange place for the emergence of center of intellectual development that would influence the stream of ideas throughout the world. Scotland had been unified with England near the beginning of the eighteenth century. It was considered a “backwater” of European civilization.
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EconomicsLiberty
The Continuing Relevance of Ludwig von Mises’s Human Action’
by Richard Ebeling September 11, 2016Ludwig von Mises’s majestic magnum opus, Human Action: A Treatise on Economics, was published on September 14, 1949. In the nearly seven decades since its appearance, Human Action has come to be recognized as one of the truly great classics of modern economics.