Sublime

When we move from comparing money to things to comparing things to things directly, it puts our choices into new perspective.

salvation. A price is just a number, and while it can be a powerful part of a decision, it doesn’t, and shouldn’t, mean everything.

No dictating.

General Motors sold more graphic sex films than Larry Flynt, owner of the Hustler empire. Over eight million American subscribers to DirecTV, a General Motors subsidiary, were spending about $200 million a year on pay-perview sex films from satellite providers. Similarly, Rupert Murdoch, owner of the Fox News Network and the nation’s leading conser

Stigler’s mark in economics centered on the economic competency—or rather incompetency—of state power. Once man’s behavior was reduced to utility-maximizing self-interest, economists were able to tear down the edifices of government intervention in the economy; they sought “a large role for explicit or implicit prices in the solution of many social

We often forget how overwhelmingly positive the effects of economic growth have been. Economist Russ Roberts reports that he frequently polls journalists about how much economic growth there has been since the year 1900. According to Russ, the typical response is that the standard of living has gone up by around fifty percent. In reality, the U.S.

At the Freedom School, Charles became particularly enamored of the work of two laissez-faire economists, the Austrian theorist Ludwig von Mises and his star pupil, Friedrich Hayek, an Austrian exile, who visited the Freedom School. Hayek’s book The Road to Serfdom had become an improbable best seller in 1944, after Reader’s Digest published a conde