by Henry Oliner | Sep 6, 2012 | Economics
As societies become wealthy Progressives believed, welfarist (or even socialist) policies would gain ever more popular support. To the dismay of (Richard) Titmuss’s followers, however, something very close to the opposite occurred. In liberal societies across the...
by Henry Oliner | Aug 31, 2012 | Economics
… the average American family in 1875 spent 74 percent of its income on food, clothing, and shelter; compare to a mere 13 percent spent in 1995. … a three-minute phone call across the United States in 1950 cost ninety hours of common labor. By 1999 the costs had...
by Henry Oliner | Jul 19, 2012 | Economics
Hayek argues that the term “social justice” is “empty” and lacks “any meaning whatever”- at least within the context of a society affirming traditional liberal values. He compares a belief in social justice to a belief in witches or ghosts. Because of its...
by Henry Oliner | Jul 14, 2012 | Economics
“The skyline of New York is a monument of a splendor that no pyramids or palaces will ever equal or approach. But America’s skyscrapers were not built by public funds or for a public purpose: they were built by the energy, initiative and wealth of private individuals...
by Henry Oliner | Jun 14, 2012 | Politics
Socialists sometimes define the economic liberties differently. For them, economic liberty involves the right to participate in collective decision making about the issues of socially owned property. There are complicated issues here, but speaking generally,...
