Voluntary Exchange Sources

21 Mar

Posted at 21:54h in Voluntary Exchange Sources by

The discontent and unrest that followed the 2020 presidential election was, at least in major part, one of the innumerable destructive consequences of an almost 250-year-old error in economic theory made by Adam Smith: namely, the belief that profits are a deduction from wages. (See...

21 Mar

Posted at 08:21h in Voluntary Exchange Sources by

(Don Boudreaux) Tweet… is from page 127 of John Mueller’s superb 1999 book, Capitalism, Democracy, & Ralph’s Pretty Good Grocery: Intellectuals who consider business to be boring, mindlessly repetitive, unsatisfying, or lacking in daring, courage, and imagination have never tried to run – much less start...

20 Mar

Posted at 13:35h in Voluntary Exchange Sources by

Some recommendations for developing compassion, courage, determination, fairness, grit, honesty, patience, respect, responsibility, self-motivation, and temperance.We may be witnessing the resurgence of character education. There seems to be renewed interest in what was, for eons, a core element of education—teaching young people the attributes...

20 Mar

Posted at 13:31h in Voluntary Exchange Sources by

(Don Boudreaux) TweetI’m starting here at Cafe Hayek a new series titled “Who Says Capitalism Doesn’t Work?” (I almost titled it: “Who Says Ordinary Americans Aren’t Amazingly Prosperous?”) The series will feature goods, services, events, and experiences that only a people magnificently rich can afford. Here’s my...

20 Mar

Posted at 13:30h in Voluntary Exchange Sources by

In 2008, I wrote a book, The End of America: Letter of Warning to a Young Patriot. I warned, based on my study of closing democracies in 20th century history, that America needed to beware of a slide toward totalitarianism. I warned that would-be tyrants, whether...

20 Mar

Posted at 13:29h in Voluntary Exchange Sources by

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