Wonder Information Tag

[Editor's note: this article is excerpted from part IV of The Anti-Capitalistic Mentality. In the nineteenth and twentieth century, socialists often argued that socialism was superior to capitalism because it would deliver a higher standard of living and more consumer goods. When it became clear socialism...

Ludwig von Mises didn’t like references to the "miracle" of the marketplace or the "magic" of production or other terms that suggest that economic systems depend on some force that is beyond human comprehension. In his view, we are better off coming to a rational...

(Don Boudreaux) TweetI oh-so wish that I could truthfully say that I disagree with what Bob Higgs says in this recent Facebook post. But as with nearly all else that Bob has said over the past 50-plus years, I agree in full: I don’t believe that...

(Don Boudreaux) Tweet… is from pages 71-72 of University of Notre Dame philosopher James Otteson’s superb and hot-off-the-Cambridge University Press book, Seven Deadly Economic Sins (2021) (emphasis original): [T]o know whether we are choosing well we need to account for what we are giving up. It is not enough to...