In other words, it is the amount of money that colleges and universities can get—from tuition, endowment income, donations, etc.—which determines how much their spending or costs will go up, not the o...
Engels said: what each individual wills is obstructed by everyone else, and what emerges is something that no one willed.
What is history but the story of how politicians have squandered the blood and treasure of the human race?
Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordina...
The New York Times’ long-standing motto, All the News That’s Fit to Print should be changed to reflect today’s reality: Manufacturing News to Fit an Ideology.
Talk about how various people have been winners in the lottery of life or have things that others don’t have just because they happen to have money is part of the delegitimizing of property as a prelu...
Just as Karl Marx did not attribute what he saw as the detrimental effects of a market economy to the ill will of individual capitalists, so Adam Smith did not attribute what he saw as the beneficial...
Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.
We do not have a choice whether or not to discuss history. History has always been invoked in contemporary controversies.The only choice is between discussing what actually happened in the past and di...
There are no solutions. There are only trade-offs.
Misconceptions of business are almost inevitable in a society where most people have neither studied nor run businesses. In a society where most people are employees and consumers, it is easy to think...
In short, rent control reduces the rate of housing turnover.
Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.
But, as the late Nobel Prize-winning economist George Stigler put it, the typical university catalog would never stop Diogenes in his search for an honest man.25
If politicians stopped meddling with things they don't understand, there would be a more drastic reduction in the size of government than anyone in either party advocates.
People who have time on their hands will inevitably waste the time of people who have work to do.
Opportunity alone is not sufficient for economic or other accomplishments.
Whether blatant or subtle, brainwashing has become a major, time-consuming activity in American education at all levels. Some zealots have not hesitated to use the traditional brain-washing technique...
The tsetse fly infests more than half the mainland,' making cattle and draft animals impracticable in the infected regions.
The term liberal originally referred politically to those who wanted to liberate people—mainly from the oppressive power of government. That is what it still means in various European countries or in...