If Reagan, Thatcher and Modi were to Meet…

If Reagan, Thatcher and Modi were to Meet…

Posted by: on Sep 14, 2015 | No Comments

There is a lot of speculation about how Narendra Modi is the Indian Ronald Regan, or in some other circles, the Indian Margaret Thatcher. While the comparisons are not unfounded, the three have distinct personalities and distinct

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

Establishment of Free Markets is Directly Proportionate to Technological Advancements

Establishment of Free Markets is Directly Proportionate to Technological Advancements

Posted by: on Aug 26, 2015 | No Comments

The advantages of a Free Market are many, and obvious to those who know where to look. While the skeptics continue to fester, there is no dearth of evidence in favour of capitalism. One of the most pertinent findings is that the capitalist

David Ricardo: Following the Footprints of Adam Smith

David Ricardo: Following the Footprints of Adam Smith

Posted by: on Aug 21, 2015 | No Comments

In many ways, Ricardo’s economic views mirror that of Adam Smith’s teachings. He believed that the market, although in many ways imperfect, was better left “untouched” by restrictions. According to Ricardo, government intervention only prevents the economy

Does the European Union Strive for a Free Market Economy?

Does the European Union Strive for a Free Market Economy?

Posted by: on Jul 28, 2015 | No Comments

The 21-year old European Union has been a lightning rod of controversy, following the unwillingness of Ukrainian President Viktor Yanukovych to sign the agreement with them. Additionally, since Iceland’s withdrawal of its membership,

Taxes Impede the Transformative Project to Build a Binghamton Casino

Taxes Impede the Transformative Project to Build a Binghamton Casino

Posted by: on Jul 21, 2015 | No Comments

Albany area financier Jeffrey Hyman had received unanimous support from the Binghamton council for his proposal for the Southern Tier Star Casino and Conference Center. This proposal was to compete in the bidding process run by

Resource Allocation in a Free Market: Is it Better?

Resource Allocation in a Free Market: Is it Better?

Posted by: on Jul 14, 2015 | No Comments

Resource allocation refers to the way in which resources are distributed to produce various goods and services. One of the key characteristics of a free market economy is that all resources are privately owned.

Visa Restrictions from China Sharply Hit Macau’s Growth

Visa Restrictions from China Sharply Hit Macau’s Growth

Posted by: on May 6, 2015 | No Comments

Macau’s growth has been sharply hit as anti-corruption regulations in China, along with a ban on smoking in the Macau casinos and visa restrictions for gambling in Macau

On Joseph Schumpeter’s Idea of Creative Destruction

On Joseph Schumpeter’s Idea of Creative Destruction

Posted by: on Apr 29, 2015 | No Comments

Creative destruction refers to the continuous product and process innovation mechanism by which new units of production replace outdated ones.

What does the Free Market Economist Arvind Panagariya Plan for India?

What does the Free Market Economist Arvind Panagariya Plan for India?

Posted by: on Mar 26, 2015 | No Comments

According to an article in The Hindu, published on January 13, 2015, Arvind Panagariya became the first Vice-Chairman of the Niti Aayog.