Book Review | Capitalism in America: An Economic History of the United States – Alan Greenspan & Adrian Wooldridge

Given Alan Greenspan's notorious reputation among libertarians as a Randian free-marketeer who became corrupted during his time in the Federal Reserve and ended up being largely responsible for the easy money policy that contributed to the Great Recession, I was curious as to how he would characterize particular events in the economic history of the … Continue reading Book Review | Capitalism in America: An Economic History of the United States – Alan Greenspan & Adrian Wooldridge

Pro-Market Does Not Mean Pro-Business: Opposing Barriers to Entry

From many debates about the free market, one tends to get the impression that some everyday Keynesians and Social Democrats, as well as Socialists, often consider free-marketeers as people who unconditionally defend businesses, no matter what reprehensible things they may do. This impression seems to be rooted in the following logic: Premise 1: Free-marketeers often … Continue reading Pro-Market Does Not Mean Pro-Business: Opposing Barriers to Entry

What Profit Really Means: A Book Review of Ludwig von Mises’ “Profit and Loss”

This book review was originally published on Medium.  Profit and Loss is a short book (some might say a pamphlet) by the great economist Ludwig von Mises on just 56 pages about what profit actually means and the significance it has for the entrepreneur and the economy at large. He dispels common myths about profit and … Continue reading What Profit Really Means: A Book Review of Ludwig von Mises’ “Profit and Loss”

Causes to the Reduction of Child Labor During the Industrial Revolution

This article was originally published on Medium. The industrial revolution can be thought of as the starting point of how the modern world has ended up. Prosperity worldwide has skyrocketed [1] and life expectancy has doubled [2] in most countries since its advent. The period has nonetheless generally gotten a negative image among many today, … Continue reading Causes to the Reduction of Child Labor During the Industrial Revolution