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<February 2019>
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Facts & Figures
Friedrich A. Hayek Fellowships Essay Contest
Published on : Saturday, May 12, 2012
The Mont Perelin Society announces the Friedrich A. Hayek fellowships essay contest. The society offers $ 5000 in prize money.
Failed Federal Reserve
Published on : Friday, November 26, 2010
Hayek wrote in 1960 that only the Government can supply the optimal amount of money. He later changed his position in 1976. If someone looks at it honestly, the power to print dollars and spend them as you wish will tend to be misused. Yet, this is the power which the United States Gopvernment possesses and delegate it to the Federal Reserve. The Federal Reserve control of money supply resulted in economic downturns including the recent one. Lawrence White's book "Free Banking" points out that the free banking experience is the past resulted in sound money, writes Donald Boudreaux in Pittsburg Live.
Practical tort rules for timely justice
Published on : Thursday, June 24, 2010
There is a need to rewamp tort laws which in response to a private or civil wrong or injury provides redress through monetary compensation.A recent paper focuses on negligence based liability rules. It analyses what tort laws would be practical and implementable, writes Jaideep Mishra in Economic Times.
Are You Smarter Than a Fifth Grader?
Published on : Tuesday, June 8, 2010
A Zogby International survey says that left is completely clueless on economic issues. They show no familiarity with even the fundamentals of economics. Conservatives and libertarians answered properly to the question asked in the survey, when liberals and progressives didn't. They answered negatively to questions which didn't question their sensibilities, writes Daniel Klein in The Wall Street Journal.
What does a liberal mean?
Published on : Saturday, March 28, 2009
One of the great tenets of liberalism is that no human being is less worthy just because he or she is outside of a particular group. Any stranger from Cairo or Cancun has as much claim on my sympathies, my respect and my regard as any stranger from Charlottesville or Chicago. Liberalism recognizes that people are part of families and friendships and a variety of different kinds of associations. And they reject the romantic nonsense that demands that each person "love" or "care for" everyone in the same way as himself, his family, and his friends, writes Donald Boudreaux in the Cafe Hayek.
Amartya Sen: How to make sense
Published on : Monday, February 1, 1999
Socialism has much popular appeal, primarily for ethical and political reasons. Most advocates of the free market economy did not defend it on moral grounds. This is unfortunate. The Nobel Laureate Amartya Sen is one economist who appreciates the connection between ethics and economics, and there are some half truths in his world view. However, good intentions are not enough for alleviation of poverty, writes Barun Mitra in The Freeman.

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