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John Médaille

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The bedrock principle of all Liberalism, whether of the Right or the Left, is Locke’s assertion that “every man has a Property in his own Person.” It is from this principle that Murray Rothbard can...
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Somewhere, the Sage hath said, Philosophy is easy; plumbing is hard. The Sage is correct; we should be suspicious of systems that exist only in the mind, but are never seen on the...
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Property and the Just Wage In the last installment, we maintained that the only means to economic equilibrium was the just wage: unless each person gets a fair proportion of the wealth he produces, there will not be enough...
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What Does an Economy Do? If what we said in the last installment is correct, then the first task of any humane science is to determine what its purpose is. The indispensable requirement for any economic...
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Some wag somewhere has remarked that economists suffer from “physics envy.” One could certainly make that charge against W.S. Jevons (1835-1882), one of the founders of marginal economics, when he wrote that a “perfect system of statistics …...
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Hilaire Belloc (Editor's Note: My recent essay concerning John Médaille's book, Toward A Truly Free Market, has sparked a lively discussion concerning Distributism. I believe the subject is worthy...
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Our friends at ISI Books have recently published a very interesting new book on the political economy...