Entries by Foundation for Economic Education (FEE)

Rothbard’s Remedy: Less government means faster healing, says new study by DOUGLAS FRENCH

Economic theories don’t lend themselves to laboratory testing, so the work of a national appraisal firm is especially enlightening. A new study lends support to the Austrian business cycle theory, which says that the less government is involved, the faster a market will recover. Pro Teck Valuation Services has posted a report comparing housing-market rebounds in cities […]

Hacking Law and Governance with Startup Cities: How Innovation Can Fix Our Social Tech by ZACHARY CACERES

Outside of Stockholm, vandals and vines have taken over Eastman Kodak’s massive factories. The buildings are cold metal husks, slowly falling down and surrendering to nature.  The walls are covered in colorful (and sometimes vulgar) spray paint. In the words of one graffiti artist: It’s “a Kodak moment.” After its founding in 1888, Eastman Kodak […]

The State as a Metanarrative: How the postmodern critique can augment the libertarian one by Casey Given

Most people don’t see postmodernism and libertarianism as sharing much in common. After all, the former refers to a philosophical trend embraced by largely leftist academics over the past half-century, while the latter refers to a political ideology of limited government that many characterize as center-right, originating to a great degree in the Enlightenment. One […]

The UAW Against the Volunteer State: Labor politics is desperate, thanks to capital mobility by Wendy McElroy

The United Automobile Workers (UAW) recently failed to unionize the Volkswagen assembly plant in Chattanooga, Tennessee. The campaign—and failure—revealed the desperation and changing dynamics of modern labor unions. The UAW is the richest union in North America, with assets of reportedly more than $1 billion at the end of 2012. It is arguably also the […]

Guitars, Eccentric Billionaires, and Space Travel by Andrew Heaton

Recently astronaut Chris Hadfield became a global music sensation without so much as a nipple slip. He jumped to stardom by a combination of guitar mastery and zero-g singing via a music video he made. In space. It’s certainly an odd way of carving a niche in the country-music industry. The standard career track is to develop guitar […]

Effectively Irrational: 30 common fallacies used against libertarians by Max Borders

By now you have probably heard of Bryan Caplan’s “rational irrationality.” The idea is that if the cost of holding irrational beliefs is low enough, there may be more irrationality demanded. Indeed, if holding an irrational view makes someone feel better about himself or keep membership in some in-group—but holding the view doesn’t directly harm […]

The Austrian Influences on Bitcoin by Jeffrey A. Tucker

There is a bit of Menger, Mises, Hayek, Rothbard, and Kirzner in every satoshi. Bitcoin seemed to emerge out of the blue in early 2009 as a unified monetary and payment system, something anticipated by no one. It’s true that the people who saw its merits and viability early on were code slingers and hackers. […]

Confronting Youth Unemployment in Africa by Fiyinfoluwa Elegbebe

There are good ways and bad ways to confront youth unemployment in Africa. My friend Adewale owns a viewing center in Nigeria where he showcases soccer matches involving European teams. While the business has on and off seasons, the on seasons provide a commendable financial yield—especially when they involve elite teams with large followings in […]

Nigeria’s Moment: A visit to a West African nation reveals tragic failure, yet great potential by Doug Bandow

ABUJA, NIGERIA—Arriving in Abuja, Nigeria results in an almost simultaneous impression of poverty and potential. After decades of economic disappointment, even collapse, much of Africa is growing. Yet even its leading states—such as Nigeria—remain locked in an impoverished past and fail to live up to their extraordinary potential. I’ve arrived with a journalist group organized […]

Ought Implies Can by Steven Horwitz

Ethical Pronouncements without Economics Lead to Disastrous Public Policies. One of the most common objections to free markets is that they ignore ethical considerations. In particular, critics argue that there are many things we “ought” to do that they believe will make people’s lives better off. We ought to “redistribute” income to the poor, they […]

Frustrating Michael Moore by Sheldon Richman

The filmmaker needs to discover truly radical political economy. If Michael Moore would study a little political economy he might turn into a potent champion of individual liberty. As we see in Moore’s new movie, Capitalism: A Love Story, Moore is offended by some truly offensive things: banks engaging in wild speculation without concern for the risk, […]