Free market
A free market is a market system in which the prices for goods and services are set freely by consent between sellers and consumers, in which the laws and forces of supply and demand are free from an...
Free Markets on the Korean Peninsula
This is why free markets must be protected. 👉https://l.prageru.com/2H6BsTE
Why You Love Capitalism
It's a unique problem in wealthy free market societies that wealthy intellectuals slander the free market.
Power of the Market - The Pencil
Milton Friedman uses a pencil to explain how the operation of the free market promotes harmony and world peace.
A Game-Changer For The Global Oil Market
Shale technology is a game-changer for the global oil market. Today, this new technology has been developed mostly in the U.S. And, over the past five years, shale oil production in the U.S. has incre...
Supply and demand
In microeconomics, supply and demand is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles...
Invisible Hand
In economics, the invisible hand is a metaphor used by Adam Smith to describe unintended social benefits resulting from individual actions. The phrase is employed by Smith with respect to income dist...
Spontaneous order
Spontaneous order, also known as "self-organization", is the spontaneous emergence of order out of seeming chaos. It is a process found in physical, biological, and social networks, as well as economi...
Economic equilibrium
In economics, economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will...
Distribution of wealth
The distribution of wealth is a comparison of the wealth of various members or groups in a society. It differs from the distribution of income in that it looks at the distribution of ownership of the ...
Distribution of wealth - Wikipedia
Laissez-faire economics
Laissez-faire (/ˌlɛseɪˈfɛr-/, [lɛsefɛʁ]) is an economic system in which transactions between private parties are free from government interference such as regulations, privileges, tariffs, and subsidi...
Deregulation
Deregulation is the process of removing or reducing state regulations. It is therefore opposite of regulation, which refers to the process of the government regulating certain activities.
The sta...
Deregulation - Wikipedia
Social Darwinism
Social Darwinism is a modern name given to various theories of society that emerged in the United Kingdom, North America, and Western Europe in the 1870s, and which are claimed to have applied biologi...
Social Darwinism - Wikipedia
Austrian School
The Austrian School is a school of economic thought that is based on methodological individualism. It originated in late-19th and early-20th century Vienna with the work of Carl Menger, Eugen von Böh...
Austrian School - Wikipedia
Economic liberalization
Economic liberalization is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities; the doctrine is associated with classical l...
Economic liberalisation in India
The economic liberalisation in India refers to the ongoing economic liberalization, initiated in 1991, of the country's economic policies, with the goal of making the economy more market-oriented and...
Friedrich Hayek
Friedrich Hayek CH ([ˈfʁiːdʁɪç ˈaʊ̯ɡʊst ˈhaɪ̯ɛk]; 8 May 1899 – 23 March 1992), born in Austria-Hungary as Friedrich August von Hayek and frequently referred to as F. A. Hayek, was an Au...
A Game-Changer For The Global Oil Market
Shale technology is a game-changer for the global oil market. Today, this new technology has been developed mostly in the U.S. And, over the past five years, shale oil production in the U.S. has incre...
Capital and Interest
Capital and Interest (German: Kapital und Kapitalzins) is a three-volume work on finance published by Austrian economist Eugen Böhm von Bawerk (1851–1914).The first two volumes were published in t...
Piece work
Piece work (or piecework) is any type of employment in which a worker is paid a fixed piece rate for each unit produced or action performed regardless of time.
When paying a worker, there are fou...
Piece work - Wikipedia
Human Action
Human Action: A Treatise on Economics is a work by the Austrian economist and philosopher Ludwig von Mises. Widely considered Mises' magnum opus, it presents the case for laissez-faire capitalism base...
Human Action - Wikipedia
Subjective theory of value
The subjective theory of value is a theory of value which advances the idea that the value of a good is not determined by any inherent property of the good, nor by the amount of labor required to prod...
Self-organization
Self-organization is a process where some form of overall order or coordination arises out of the local interactions between the components of an initially disordered system. This process is spontaneo...
Henry Hazlitt Foundation
The Henry Hazlitt Foundation was a public interest or advocacy organization founded in 1997 by Chris Whitten, who had been publishing Free-Market.com since 1995. The Foundation was named after free-ma...
Henry Hazlitt Foundation - Wikipedia
Eugen Böhm von Bawerk
Eugen Böhm Ritter von Bawerk ([bøːm ˈbaːvɛʁk]; born Eugen Böhm; 12 February 1851 – 27 August 1914) was an Austrian economist who made important contributions to the development of the Austrian School ...
Eugen Böhm von Bawerk - Wikipedia
Emanuel Herrmann
Emanuel Alexander Herrmann (24 June 1839 in Klagenfurt, Austria – 13 July 1902 in Vienna) was an Austrian national economist. He is considered the decisive last in an international lin...
Emanuel Herrmann - Wikipedia
Individualism and Economic Order
Individualism and Economic Order is a book written by Friedrich Hayek (recipient of the Nobel Memorial Prize in Economic Sciences in 1974). It is a collection of essays originally published between th...
Individualism and Economic Order - Wikipedia
Werner Stark
Werner Stark (2 December 1909 – 4 October 1985) was a sociologist and economist, who made important contributions to the sociology of knowledge, the sociology of religion and the history of economic t...
Man, Economy, and State
Man, Economy, and State: A Treatise on Economic Principles, first published in 1962, is a book on economics by Murray Rothbard.When originally published in 1962, the final eight chapters were removed ...
Man, Economy, and State - Wikipedia
Austrian business cycle theory
The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics about how business cycles occur. The theory views business cycles as the consequence of ex...