Tag Archives: free market

Why the free market is successful

By Arthur Middleton Hughes The price system is just one of those formations which man has learned to use…after he had stumbled upon it without understanding it. Through it, not only a division of labor, but also a coordinated utilization … Continue reading

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How to solve the unemployment problem in America

There are two theories for solving our current unemployment problem:  Free Market (Austrian) Macroeconomic (Keynesian) One works, the other doesn’t.     The first concentrates on the problem:  Employers are not hiring.     The second concentrates on the symptom: People are … Continue reading

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Why Adam Smith Today?

Today, the world holds almost seven billion people living in more than two hundred countries. Most of these people (about 80%) are living and have lived for centuries in poverty. The remaining 20% — many of those living in North … Continue reading

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Major Economic Schools of Thought

In the physical sciences, there is a large body of theory which has been widely accepted as correct. The disagreements are found only in very new concepts, like dark matter in space or global warming. Eventually these disputes are resolved … Continue reading

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