War is never profitable for either the victor or the vanquished nation. It imposes various costs on the people of the combatant nations. First, and most obvious, war costs some of them ...
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Fifty years ago, the classical liberal author and journalist Garet Garrett published a collection of essays called The People's Pottage (1953). In the midst of the Korean War, he tried to persuade the American ...
Economic Freedom and Development: An Essay about Property Rights, Competition, and Prosperity
by Wolfgang Kasper (New Delhi, India: Centre for Civil Society, 2002); 132 pages; $12.95.
The Centre for Civil Society, headquartered in New Delhi, India, was founded in 1997, with ...
Financial Times columnist Martin Wolf recently argued that America’s coming war with Iraq would provide a “public good” for the world. The world economy runs on oil. Any disruption in oil supplies ...
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In spite of the fact that the monetary policies of the Federal Reserve System in the United States and the European Central Bank (ECB) have been highly expansionary during the current economic downturn, central ...
War Is a Force That Gives Us Meaning
by Chris Hedges (New York: Public Affairs, 2002); 211 pages; $23.
During the Second World War, my mother worked for the Department of the Navy in Washington, D.C. When I was growing up, ...
The costs of the American Empire become clearer with each passing day, as the U.S. government releases information about its various global actions and plans. The latest ones relate to ...
If war comes between the United States and Iraq, one of the first results right here in America will be the attempt to close off all further criticisms of U.S. foreign policy.
Spokesmen ...
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Nearly 75 years after the great stock-market crash of 1929, monetary policy is still haunted by the ghost of the Great Depression. The severity of the American stock-market decline during the last three years ...
Creative Destruction: How Globalization Is Changing the World’s Culture
by Tyler Cowen (Princeton, N.J.: Princeton University Press, 2002); 179 pages; $24.95.
Most people can understand the common-sense logic and benefits from division of labor and international trade. After all, most people ...
