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Art Carden

Those Shelves Wouldn’t Be Empty If We Hadn’t Stopped “Capitalism”

This is a difficult time for a lot of people, and it’s understandable and admirably humane to want to help others in their time of need. We aren’t doing them any favors, however, by saying that they won’t be allowed to pay very much for a bottle of hand sanitizer they can’t get anyway.

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Michael Munger

Without Individual Autonomy, There’s No Equality

Economists usually say, “SINCE exchange is voluntary….” but the rest of the world says, “IF exchange is voluntary….” It makes a difference. To explain why, I have developed a concept of “truly voluntary” exchange in a number of writings, including one overview here at AIER.  If an exchange is truly voluntary, we know for certain […]

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