by Alan Forester-Kaiser | Jan 12, 2023 | foldvary, georgism, pollution, stewardship
The social cost of the tax that pays for the subsidy is greater than the gain to the buyers, because the extra buyers are able to to buy it at less than the market price. A subsidy lets people buy stuff below the price that would be set in a market. In a free market,...
by Alan Forester-Kaiser | Jan 9, 2023 | foldvary, public choice
[ Fred E. Foldvary, Dept. of Economics, Santa Clara University, and School of Management John F. Kennedy University, California. Bradley Fellow, Center for Study of Public Choice, 1989-91. ] In the Calculus of Consent: Logical Foundations of Constitutional...
by Alan Forester-Kaiser | Jan 4, 2023 | mises, planning
1. Planning as a Synonym for Socialism The term ‘planning’ is mostly used as a synonym for socialism, communism, and authoritarian and totalitarian economic management. Sometimes only the German pattern of socialism — Zwangswirtschaft — is...
by Alan Forester-Kaiser | Jan 4, 2023 | hayek, monopoly, planning
Road to Serfdom, Friedrich Hayek, 1944 cartoon summary Contents Chapter I. The Abandoned Road Human will has made the world what it is — The individualistic basis of modem civilization — Liberalism not a stationary creed — But it has not been allowed to develop...
