A certain group of people in the United States tried an experiment. They tried the experiment of making a fortune without working, of making a fortune through the stock exchange. They extended the...

Land is the only thing in the world that amounts to anything.

General admission for groundlings - those who stood in the open around the stage - was a penny. Those who wished to sit paid a penny more, and those who desired a cushion paid another penny on top of...

Thanks to Washington and Hamilton, the American economy flourished; thanks to Adams, the Quasi - War with France had receded to a memory. Inheriting domestic prosperity and international peace,...

In a seminal 1981 paper, the economist Sherwin Rosen worked out the mathematics behind these "winner-take-all" markets. One of his key insights was to explicitly model talent - labeled, innocuously,...

What is called "planning" in political rhetoric is the government's suppression of other people's plans by superimposing on them a collective plan, created by third parties, armed with the power of...

It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government...

By 1850, fifteen Boston families called the "Associates" controlled 20 percent of the cotton spindleage in the United States, 39 percent of insurance capital in Massachusetts, 40 percent of banking...

At times soldiers were even paid in salt, which was the origin of the word salary and the expression "worth his salt" or "earning his salt." In fact, the Latin word sal became the French word solde,...

And when horny, well-paid American flyboys are dropped into a culture defined half by cannibals and half by Frenchmen, you get a hell of a civilian economy.

He wants to focus on what he calls 'cultural issues.' That makes sense, because when you're going to rob people blind you don't want to have them focus their attention on economic issues.

One should attend carefully to the fear and desperation of the powerful. They understand very well the potential reach of the "ultimate weapon," and only hope that those who seek a more free and just...

The ideas of debtor and creditor as to what constitutes a good time never coincide.

On Earth one of the things that a large proportion of the locals is most proud of is this wonderful economic system which, with a sureness and certainty so comprehensive one could almost imagine the...

Do you understand economics? I mean big-time, prewar, global capitalism. Do you get how it worked? I don't, and anyone who says they do is full of shit.

International business, once allowed to stalk uncontrolled, killed the local, the small, the quirky.