George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Monday, July 31, 2006

Wage Rates and Purchasing Power

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An individual who earns more money per week is obviously in a position to spend more in buying consumers’ goods than is an individual who ea...
Monday, July 24, 2006

How Environmentalism Raises Profits at the Expense of Wages

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In my last article, “How Government Budget Deficits Reduce Wages and Raise Profits” , I explained why those who complain about profits risin...
Monday, July 17, 2006

How Government Budget Deficits Reduce Wages and Raise Profits

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In recent years there have been growing complaints over slow growth in wages compared to profits. Those who make the complaints usually offe...
Monday, July 10, 2006

Politics Masquerading as Science, by Mark Humphrey

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The following comment by Mr. Mark Humphrey was originally posted on the blog of the Mises Institute on June 29. It is reprinted here with hi...
Tuesday, July 04, 2006

No Fourth of July Celebration at The New York Times/Pravda

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The New York Times does not mention Independence Day on its editorial page. And there is no word of celebration of it on its Op-Ed page. Wh...
Monday, July 03, 2006

The Spring is Silent on DDT by Llewellyn H. Rockwell, Jr.

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It's as if the socialists discovered that their plan creates poverty, so they decided to change their name to environmentalists and make...
Thursday, June 29, 2006

CO2 Science’s Finding on Global Warming: A Marxist-Type Response

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One of the very first replies to my posting of CO2 Science’s journal review "A 221-Year Temperature History of the Southwest Coast of ...
Wednesday, June 28, 2006

An Important Study Challenging the Connection Between CO2 and Global Warming

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I had been receiving e-mails for more than a year from an organization called CO2 Science. They all looked so abstruse and technical that I...
Saturday, June 24, 2006

The New York Times: It Just Can’t Stop Hating Success and the American Way of Life

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To combat climate change, we need to break our addiction to consuming oil, while developing countries need to break their addiction to selli...
Friday, June 23, 2006

Mutualism’s Support for the Exploitation of Labor and State Coercion

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[“Mutualism” is currently a hot topic of discussion on the blog of The Ludwig von Mises Institute. (See the extensive thread following my la...
Sunday, June 18, 2006

Mutualism: A Philosophy for Thieves

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The collapse of socialism-communism has not only given rise to the remarkable growth of environmentalism, as a replacement outlet for hostil...
Wednesday, June 14, 2006

Freedom Is Slavery: Laissez-Faire Capitalism Is Government Intervention, A Critique of Kevin Carson’s Studies in Mutualist Political Economy

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Kevin Carson’s new book Studies in Mutualist Political Economy (Fayettvile, Arkansas, 2004, 409 pp.) centers on the incredible claim, self-...
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