Freeman

March 2000

Volume 50, 2000

FEATURES

150 Years and Still Dismal!

Thomas Carlyle's Problem with Economics Was its Opposition to Racial Slavery

MARCH 01, 2000 by DAVID LEVY

The Irresistible Force of Market Competition

Austrian Economists Have a Different Understanding of Market Competition

MARCH 01, 2000 by ISRAEL M. KIRZNER

The Myth of the Social Security Trust Fund

The Looted Trust Fund Myth Is a Serious Barrier to Social Security Reform

MARCH 01, 2000 by JOHN ATTARIAN

In Defense of Grocery Coupons

The Invisible Hand Works

MARCH 01, 2000 by BILL FIELD

The Market for Space in the Market

Shelf Fees Efficiently Allocate Risk to Producers

MARCH 01, 2000 by GARY M. GALLES

Spam, Spam, Spam, and Spam

Spam Is No Justification for New Regulations

MARCH 01, 2000 by GARY MCGATH

The Stakeholder Fallacy

Stakeholderism Undermines the Defining Feature of Capitalism: The Exclusive Rights of Ownership

MARCH 01, 2000 by NORMAN BARRY

Regulatory Extortion

No Company or Industry Is Safe

MARCH 01, 2000 by THOMAS J. DILORENZO

Sources of Pro-Union Sentimentality

Labor Unions Are Really Cartels Backed by Legal Compulsion

MARCH 01, 2000 by CHARLES W. BAIRD

The Day We Read No More

The Perils of a Maryland Courtroom Reading Ban

MARCH 01, 2000 by ANGUS CRANE
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December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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Essential Works from FEE

Economics in One Lesson (full text)

By HENRY HAZLITT

The full text of Hazlitt's famed primer on economic principles: read this first!


By FREDERIC BASTIAT

Frederic Bastiat's timeless defense of liberty for all. Once read and understood, nothing ever looks the same.


By F. A. HAYEK

There can be little doubt that man owes some of his greatest suc­cesses in the past to the fact that he has not been able to control so­cial life.


By JEFFREY A. TUCKER

Leonard Read took the lessons of entrepreneurship with him when he started his ideological venture.


By LEONARD E. READ

No one knows how to make a pencil: Leonard Read's classic (Audio, HTML, and PDF)