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.

Tuesday, October 24, 2006

The Green Business Racket: Con Customers, Cut Corners, Boost Profits

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At the most fundamental level, environmentalism and the Green movement that represents it are hostile to business. The ethics of environment...
Tuesday, October 17, 2006

Saving Versus Hoarding

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Saving is the use of revenue or income by a business or individual for purposes other than expenditure on consumers’ goods (or consumers’ s...
Tuesday, October 10, 2006

A Root Cause of the Failure of Contemporary Education

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Ask yourself if the following paragraph would seem believable to you if you were to read it a in a newspaper: Washington, D. C., Oct. 10. Fo...
Tuesday, October 03, 2006

Stiglitz in The Times: A Study in Confusion

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In today’s New York Times , Joseph Stiglitz, a Nobel prize winner in economics, has an article titled “How to Fix the Global Economy.” Judg...
Friday, September 29, 2006

Ludwig von Mises: Defender of Capitalism

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Today, September 29, 2006 is the one-hundred-and-twenty-fifth anniversary of the birth of Ludwig von Mises, economist and social philosopher...
Sunday, September 24, 2006

Armed and Dangerous

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The New York Times has reported that California’s Attorney General, Bill Lockyer, is suing the six largest automobile manufacturers because...
Saturday, September 23, 2006

Britain’s Royal Society Seeks to Squelch Opposition to Greens on Global Warming

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From The New York Times of September 21: LONDON, Sept. 20 — A British scientific group, the Royal Society, contends that Exxon Mobil is sp...
Saturday, September 16, 2006

Betting California

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Earlier this month, the California Legislature and Governor Arnold Schwarzenegger decided to put up the economic future of their state’s cit...
Saturday, September 09, 2006

The Looming Lactation-Station Crisis and How to Solve It

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A new crisis may be brewing, even though until very recently it appears to have been known only to very few people, possibly just to a singl...
Friday, September 08, 2006

Competition, European Style

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The New York Times reports that the European Commission has “ordered Microsoft to disclose secret code in Windows XP needed by rivals to all...
Monday, September 04, 2006

Intertwined Insanities

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In the Middle East, young men, inspired by religious fanaticism the likes of which have not been seen since the Dark Ages, blow themselves u...
Monday, August 28, 2006

Incitement to Class War at The New York Times/Pravda

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The lead article in today’s New York Times/Pravda is titled ”Real Wages Fail to Match a Rise in Productivity.” The piece is a denunciation...
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