Economics – Page 12 – Stephen Hicks, Ph.D.

Ayn Rand, “What is Capitalism?” [Atlas Intellectuals]

Leave a Comment / Economics, Epistemology, Ethics, Objectivism, Philosophy / Fermin Elizalde

This week in the Atlas Intellectuals course on Capitalism we consider Ayn Rand´s controversial “What is Capitalism?” In this 1965 essay, first published in The Objectivist Newsletter and later in Capitalism: The Unknown Ideal, Rand presents her philosophical and especially moral argument for capitalism. The full course: https://www.atlassociety.org/course/capitalism. Other Atlas Intellectuals courses on Socialism, Objectivity, Money, Robotics, and […]

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Defining Capitalism [Atlas Intellectuals]

Leave a Comment / Atlas Intellectuals, Economics, Philosophy, Politics / Fermin Elizalde

This week in the Atlas Intellectuals course on Capitalism we consider 12 competing definitions of capitalism. Two are from widely used encyclopedias, five are from leading anti-capitalists, and five are from leading pro-capitalists. The full course: https://www.atlassociety.org/course/capitalism. Other Atlas Intellectuals courses on Socialism, Objectivity, Money, Robotics, and more: https://www.atlassociety.org/atlas-university/atlas-intellectuals

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¿Tiene Kant un lugar en el liberalismo clásico?

Leave a Comment / Economics, Education, Español, History, Philosophy, Politics / Fermin Elizalde

Stephen R. C. Hicks Traducido al Español por Fermín Elizalde. Original English publication: “Does Kant Have a Place in Classical Liberalism?” in Cato Unbound. La respuesta es complicada. Cualquier lectura de la gran masa de escritos de Kant nos ofrece inicialmente una mezcla de argumentos liberales y anti liberales que se encuentran e conflicto. Él defendió

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Capitalism is survival of the unfittest

2 Comments / Economics / Stephen Hicks

If one is poor or handicapped, one wants to be in a rich country. To see why, first ask: What kind of society most generates riches – tribal, feudal, socialist, dictatorial, or capitalist? Free-market societies generate huge amounts of capital, and it is precisely that capital that enables the least fit among us to survive and

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Los Conservadores NO Son Capitalistas de Libre-Mercado

1 Comment / Economics, Español, Philosophy, Politics / Fermin Elizalde

Stephen R. C. Hicks Traducido al Español por Fermín Elizalde. Navegar en la red y otros lugares es una manera fácil de identificar el conservadurismo con políticas de libre mercado. Se propone una política de liberalización económica, los periodistas la etiquetarán como una política “conservadora” y los comentaristas, dependiendo de su origen, lamentarán o celebrarán

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“My Name is Mises” — video short

Leave a Comment / Economics / Stephen Hicks

A Draw-My-Life on the great Ludwig von Mises — his commitments to understanding wealth creation, the conditions of peace, and the perverse attraction of many to socialism and fascism. The short biographical sketch includes his early life in Vienna, his experience in World War I, his escape from the Nazi grip at the beginning of

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A perfect social-science contrast: Hong Kong and Cuba

Leave a Comment / Economics / Stephen Hicks

Hong Kong and Cuba: “are two remarkable real world experiments of economies closer to resembling an ideal (true laissez-faire, true socialism) than any other in the world. … in the late 1950s, both economies had a GDP per capita of around $4,500 in today’s money. By 2018 Cuba had slightly more than doubled its GDP

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Trumpian trade wars, Argentina and Brazil edition

2 Comments / Economics, Politics / Stephen Hicks

Let me see if I understand the reasoning: 1. Argentina’s and Brazil’s governments have screwed up their economies over the years. 2. So they devalued their government-controlled currencies. 3. That means American farmers earn less on their exports to Argentinean and Brazilian customers. 4. So the US government will retaliate by taxing steel imports from Argentina and Brazil. 5. Therefore, steel-makers in Argentina and Brazil will earn

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