Economics Ideas: David Hume on Self-Coordinating and Correcting Market Processes
David Hume was one of the most prominent of the Scottish Moral Philosophers. He is particularly famous as a philosophical skeptic, who, in his…
Dr Richard M. Ebeling
Dr. Richard M. Ebeling is Professor of Economics at Northwood University
Economic Ideas: Inflation, Price Controls and Collectivism During the French Revolution
Governments have an insatiable appetite for the wealth of their subjects. When governments find it impossible to continue raising taxes or borrowing funds, they…
Economic Ideas: The French Physiocrats and the Case for Laissez-faire
In the middle decades of the eighteenth century two schools of thought emerged, one in France and the other in Great Britain that were…
Economic Ideas: Mercantilism as Monarchy’s Planned Economy
The Feudal System had resulted in the disintegration of the unity that much of Western, Southern, and Eastern Europe had known under the Roman…
Economic Ideas: The Institutions and Economics of the Middle Ages, Part 2
The Catholic Church was the one institution in the Middle Ages that was outside of the Feudal Order of both the rural Manors and…
Economic Ideas: The Institutions and Economics of the Middle Ages, Part 1
In attempting to understanding the ideas and institutions of the period of history that is usually called the “Middle Ages” it must be kept…
Economic Ideas: The Ancient Romans, Who Went from Rule of Law to Corrupting Inflation and Price Controls
The ancient Romans failed to leave any systematic body of thoughts on economics, just like the ancient Greeks had failed to. Indeed, many of…
Economic Ideas: Plato, Aristotle, and the Ancient Greeks, Part 2
When we turn to the other most famous ancient Greek philosopher, Aristotle (384 B.C. – 322 B.C.), we find little of the political regimentation…
Economic Ideas: Plato, Aristotle, and the Ancient Greeks, Part 1
The ancient Greeks left a wealth of knowledge through their surviving writings on a wide variety of themes, including science, logic, philosophy, literature, and…
Take Heart, Liberty Will Prevail
Election years are depressing experiences for friends of freedom. The campaign stump, invariably, brings out even more of the worst in mainstream politicians who…