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To Subsidize Is To Tax

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,...

Recalculating Consent

[ 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...

Planning for Freedom — Ludwig von Mises

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 called planning, while the...

Road to Serfdom

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...

History of Zoning in the US — Euclid vs Ambler 1926

Village of Euclid v. Ambler Realty Co., 272 U.S. 365 (1926), more commonly Euclid v. Ambler, was a United States Supreme Court landmark case argued in 1926. It was the first significant case regarding the relatively new practice of zoning. The Supreme Court's finding...

Anti-Zoning Project: The Jute Mill of Kolkata

  From 1874 to 2006, the Surah Jute Mill was part of the sprawling network of jute production in Kolkata. Since then, it has been sitting vacant in an otherwise centric and lively neighborhood. With land being in high demand and low supply in the city, we view...

Land & Liberty Magazine — Joseph Milne

It is encouraging to see there is a growing awareness of the commons. This is partly through good historical research and partly through the pressing question of global warming. Research has shown how the commons have been eroded through land enclosure driving...

Murray Rothbard on Geoism

From mises.org Seventy-five years ago, Henry George spelled out his "single tax" program Progress and Poverty, one of the best-selling economic works of all time. According to E.R. Pease, socialist historian and long-time secretary of the Fabian Society, this volume...