MGM Casino Project Could Help Revive the Connecticut Economy

MGM Casino Project Could Help Revive the Connecticut Economy

Posted by: on Sep 27, 2017 | No Comments

Global hospitality and entertainment giant, MGM Resorts International has announced ambitious plans to construct casino and entertainment complex in Bridgeport. The project, estimated to cost $675 million, would be located

Free Market Thinkers who Won the Sveriges Riksbank Prize in Economic Sciences

Free Market Thinkers who Won the Sveriges Riksbank Prize in Economic Sciences

Posted by: on Sep 7, 2015 | No Comments

In The Making of Modern Economics: The Lives and Ideas of Great Thinkers, Mark Skousen, the esteemed economic analyst, stated that the Swedes mostly rewarded free-market economists. The Swedish Central Bank started the Prize

Frederic Bastiat – A Rebel Against Regulation

Frederic Bastiat – A Rebel Against Regulation

Posted by: on Oct 21, 2013 | No Comments

Nothing exposes the absurdity of government regulation better than Frederic Bastiat’s satiric article – The Candlemaker’s Petition. This classic describes a petition taken out by candle makers against what they term as an unfair competitor – the Sun itself!

How the Concept of Laissez Faire has Evolved

Posted by: on Nov 27, 2012 | One Comment

Laissez Faire is a term that finds its etymological roots in the French language, in which it means ‘allowed to do’. Also referred to as ‘let it be’ economics, Laissez Faire refers to a sect of political thought that does not favor political interference in private sector free markets. It was claimed to have first been first coined by Marquis D’Argenson, who was to later become Louis XV’s foreign minister during the Austrian War, in his work titled Memoires, published in 1736.

Various political groups throughout American history have made it their clarion call, right from Thomas Jefferson to recent political leaders such as Ron Paul.

Laissez-Faire Leadership: An Oxymoron?

Posted by: on Oct 29, 2012 | One Comment

Also known as delegative leadership, laissez-faire leadership is a ‘hands off’ form of leadership, in which the leader believes in freedom of choice for his team. The leader provides minimal direction to the team and delegates most responsibilities to

Will a Laissez-Faire System Boost Economic Growth?

Posted by: on Feb 23, 2012 | 2 Comments

Which kind of economy would you vote for – a laissez-faire market or a planned economy? My vote is for free markets.

Was Laissez Faire Responsible for the Economic Crisis?

Posted by: on Feb 22, 2012 | 3 Comments

It is not from the benevolence of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own self interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our