ISIL Freedom Network: Global > Introductions and FAQs > General Economic Theory

Corporate America Bites Hand That Feeds It
Source: Mackinac Center for Public Policy
Author: Lawrence W. Reed
City: Midland, State: MI, Country: United States

Addresses the issue of corporate welfare.

Suckers, Free Riders, and Public Goods
Source: Institute for Humane Studies
Author: Robert Sugden
City: Fairfax, State: VA, Country: United States

Explores the problem of public-good spillovers in a book review of Anthony de Jasay's "Social Contract, Free Ride."

We Consume Because We First Produce
Source: Mackinac Center for Public Policy
Author: Lawrence W. Reed
City: Midland, State: MI, Country: United States

This article refutes the idea that energy and other forms of wealth are of a static quantity.

Why Rent Control is Immoral
Source: Ayn Rand Institute
Author: Michael S. Berliner
Country: United States

Landlord's shouldn't apologize or have to pay for their ability to provide housing. This article comes to their defense.

Federal Aid to Dependent Corporations
Source: Cato Institute
Author: Dean Stansel and Stephen Moore
City: Washington, State: DC, Country: United States

The Clinton administration has done little more to end business subsidies as any other form of government handout. This brief article addresses the failure.

Killing Consumers With Compassion
Source: The Heartland Institute
Author: Joseph L. Bast
Country: United States
E-mail: think@heartland.org

"National Consumers Week, in short, consists of equal parts fraud and farce. It's time we exercise our real power as informed consumers and demand an end to this silly and misleading annual propaganda campaign."

The Swedes Get It Right
Source: David D. Friedman
Author: David D. Friedman
Country: United States
E-mail: DDFr@best.com

Friedman pays tribute to Nobel laureate Ronald Coase by explaining the revolutionary ideas he originated in a fresh and accessible manner.

Interview with James Buchanan
Source: The Region, Federal Reserve Bank of Minneapolis
Author: James Buchanan
Country: United States

The founder of Public Choice economics talks about how he was inspired to co-write "The Calculus of Consent," and explains some of the central themes of public choice.

Chaos Theory
Source: Business Quest
Author: Dr. Carole E. Scott
Country: United States

An examination of economic "chaos theory" and how it supports laissez-faire.

What is Bionomics?
Source: Bionomics Institute
Author: Michael Rothchild
Country: United States
E-mail: bionomics@free-market.net

Michael Rothschild, author of "Bionomics" and founder of the Institute, answers the basic questions about his theory that looks at the economy more like an ecosystem than a machine.

Democracy, Freedom and Politics
Source: University of Idaho
Author: John T. Wenders
Country: United States
E-mail: jwenders@uidaho.edu

Wenders archives a number of interesting "Articles on Political Economy", especially on the relationship between democracy and freedom. Wenders writes that democracy is an impediment, not an aid, to freedom. Check it out.

Planning for Failure
Source: Real Mensch
Author: Joel Miller & Matthew Saxelby
Country: United States
E-mail: werks@realmensch.com

Demonstrates the historical failure of Marxism, attributed to its call for abolition of private property, abandoning of market incentives,and for centralized state planning.

Jobs for Everyone -- Without Minimum Wage Laws
Source: International Society for Individual Liberty
Author: Mark Tier
Country: United States
E-mail: isil@isil.org

ISIL pamphlet on how minimum wage laws hurt, rather than help, the low-paid workers. "A free labor market provides workers with far more job security than any government-devised scheme ... Slower economic growth is the inevitable price of government intervention. Minimum-wage laws are a prime example of such destructive interference."

Global Crisis and the Survival of Capitalism
Source: The Jefferson School
Author: George Reisman
Country: United States
E-mail: capitalism@free-market.net

Reisman lays to rest the question of whether or not "capitalism" is responsible for the current global economic panic. The answer, of course, is a resounding NO.

The Labor Theory of Value (an analysis)
Source: International Society for Individual Liberty
Author: Don Ernsberger
Country: United States
E-mail: isil@isil.org

ISIL pamphlet analyzing Marx's labor theory of value: That the value of an object is solely a result of the labor expended to produce it. Shows that the theory " is nonsense both in theory and practice. It ignores the many non-labor factors which create economic value, is based upon unproved assertions, and leads to economic chaos and political slavery."

John Maynard Keynes: Economic Policy, Social Philosophy and Politics
Source: Jason Soon
Author: Jason Soon
City: Sydney, Country: Australia

Many libertarians blame Keynes for the rise of big government in our century. Soon argues that this does not diminish his achievements as a theoretician.

An Economic Perspective on Intellectual Property
Source: Jason Soon
City: Sydney, Country: Australia
E-mail: tsoon@mail.usyd.edu.au

An economic theory of property rights, with an emphasis on intellectual property. The author argues that such rights maximize welfare as well as efficiency.

Creating jobs vs. creating wealth
Source: Ideas on Liberty
Author: Dwight R. Lee
Country: United States
E-mail: fee@free-market.net

Politicians pride themselves on "creating jobs," but Lee explains how the ultimate goal economically is to create wealth, and that jobs are only a means to achieving that objective. (01/00)

Finally, an economist says something valuable
Source: Jack Rain
Country: United States

"I will give you one very important tip here: Ignore almost everything you hear from talking head economists on the financial networks and news shows ... Now, of course, it would be different if an economist came around and identified and explained a trend in the economy ... Then you might have some useful information with which to make an informed investment decision." (07/05/02)

Interview with Hernando de Soto
Source: Acton Institute
Country: United States

An interview with the author of "The Other Path: The Invisible Revolution in the Third World" and, most recently, "The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else." (Summer 2001)

FAQ about experimental economics
Source: Mercatus Center
Country: United States

Experimental economics is now well-established as the study of economic principles and ideas in controlled laboratory conditions. This FAQ answers general questions about the process. (PDF file)

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