Bryan Caplan: The Man Who Made Economics Cool
This young professor of Economics at George Mason University and Senior Scholar at Mercatus Center is not afraid to brandish his ideas in circles outside academia. While he may not be as prolific as many traditional academicians, his
Implications of Legalizing Casinos in Israel
Yariv Levin, Israel’s Tourism Minister, confirmed on September 23, 2015, while speaking on national radio that there is indeed a proposal, backed by Prime Minister Binyamin Netanyahu, to legalize casinos on mainland Israel at last.
Free Market Advocacy Think Tanks in India
Free market thinkers could be largely categorized into three distinct types – Anarchists, Minarchists and Minimaxes, representing varying degrees of government control. The Anarchists, as evident from the name, believe in zero intervention
If Reagan, Thatcher and Modi were to Meet…
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
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
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
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?
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
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 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.
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