Reminder on Adam Smith and Businessmen
Tweet“The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market...
View ArticleThe Will of the People
TweetPerhaps one can define “the will of the people” as 51% or 48% of a vote, or 35% of the electors, but it is only a definition. Or else it is the conclusion of a demanding contractarian theory.
View ArticleOn the Security Obsession
TweetAs the number of checkpoints and searches between point A and point B approaches infinity, the probability that a terrorist or common criminal will pass through the net approaches zero. But, at...
View ArticleWhy the Opposition to Free Trade?
TweetThe opposition to free trade comes from the same two sources as the opposition to economic freedom in general: ignorance of economics; or the belief that individuals in some group should grab more...
View ArticleWhat’s New, What to Read
TweetAs you can see, I seldom write on this site anymore. However, I blog at Econlog, where you can find a list of all my posts. I also maintain a list of my other articles and book reviews on the …...
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