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Microeconomics

Microeconomics

The Ethics and Economics of Private Property

I. The Problem of Social Order Alone on his island, Robinson Crusoe can do whatever he pleases. For him, the question concerning rules of orderly...
Hans-Hermann Hoppe -
Finance

Capital versus Labor: The Great Decoupling

This article explores the concept of the Great Decoupling, or the supposed discrepancy between increased labor productivity and higher worker wages. Prior to 1970, increases...
Daniel Fernández -
Microeconomics

Why Employment Is Not the Key to Economic Growth

In December 2021, the US unemployment rate fell to 3.9 percent from 4.2 percent in the month before. The number of unemployed individuals fell by...
Frank Shostak -
History

The First Economics Lesson

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would...
Henry Hazlitt -
People vs. Finance

How Rent Seeking Impoverishes Nations

One of the fundamental questions in development economics is how an economy grows. As the reader may know, an economy grows by means of...
Jose Orellana -
People vs. Finance

Universal Basic Income: A Dream Come True for Despots

I’m sitting in the pub after a Skeptics Society meet up. I don’t go very often, but there was a famous author speaking, and...
Antony Sammeroff -

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