By Donald J. Boudreaux Among the most important advances in the social sciences of the 20th century is Kenneth Arrow’s Impossibility Theorem. The full explanation of this theorem first appeared in Arrow’s 1951 book, Social Choice and Individual Values. As explanations go, this one is especially beautiful in its rigor, yet highly technical and inaccessible to the general … [Read more...] about There Is No Such Thing as “The People”
By Lawrence W. Reed If it’s a coincidence that “individual” begins with a letter that’s also a closely associated word, it’s a happy one indeed. Individual and I are inseparable. “I” is the pronoun used to refer to oneself as the speaker, writer, thinker, or actor. Without exception, “I” is an individual, not a group or a collective of any sort. This fact is worth endless … [Read more...] about I, Individual: Why the Individual Should Be Celebrated
By Richard M. Ebeling Social and economic crises, real and imagined, often seem to bring out the most wrongheaded thinking in matters of government policy. Following the 2008 financial crisis and with the fear of “global warming,” there has been a revival in the case for “democratic” socialism. But now its proponents are “out of the closet” with a clear cut and explicit call … [Read more...] about The Case for a Coercive Green New Deal?
By Richard M. Ebeling Like the carnival side shows at the circus, the candidates for the Democratic party nomination — do I even need to name the more than 20 of them? — are all standing in front of their respective campaign tents trying to attract the potential voter onlookers to join them inside, hope for that campaign contribution and support during the primaries so they … [Read more...] about The Presidential Political Circus Has Begun