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Politics

Although some scholars have labeled the early Ming Dynasty as a proto-liberal state, they are mistaken. The Ming governance at that time was weak,...

Politics

The original 13 British colonies that made up the early United States had very different populations with decidedly different political and social outlooks.

Politics

Economists consider probability to be central to economic analysis, but, as Ludwig von Mises wrote, economic action involves unique and purposeful events, not random...

Politics

When there is a cascade of failing businesses at one time, it is easy to think of it as an economic contagion that is...

Politics

In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood...

Politics

The so-called K-shaped economy—where some experience positive growth and others negative growth—is perfectly explained by Austrian business cycle theory and the Cantillon effect.