By Thomas Spain During the 1990s there was a legal and philosophical idea, championed by Milton Friedman among others, that a corporation exists to serve the interests of the shareholders, being that they are the rightful owners of the corporation. Progressive thought leaders responded with the countertheory of stakeholder capitalism. Under stakeholder theory the … [Read more...] about Why “Stakeholder Capitalism” Is a Disaster for Entrepreneurs
Property
US States Are Seizing More Power in the Name of “Deregulating” Housing
By Matt Ray Local zoning is not likely to garner much national attention, and in an ideal world, this is the way it should be. However, with state governments taking aim at local zoning restrictions, the issue has taken on greater importance. In recent years, the movement to limit single-family zoning restrictions has been championed by left liberals and libertarians alike. … [Read more...] about US States Are Seizing More Power in the Name of “Deregulating” Housing
Is Congress Going to Bankrupt the Mom and Pop Landlord with This New Bill?
By Diane Kennedy Mom and pop landlords, defined as real estate investors who own 10 or fewer properties, own about half of all rental units nationwide. And, according to CoreLogic, a real estate data company, the number of small investors is growing. In 2018, they were responsible for 60% of all purchases, as compared to 48% in 2013. Let’s get clear on who the target of … [Read more...] about Is Congress Going to Bankrupt the Mom and Pop Landlord with This New Bill?
Amazing DIY Shipping Container Home For Debt-Free Living
By Living Big in a Tiny Home This amazing shipping container home is guaranteed to impress. Constructed from one 20ft and one 40ft shipping container, this compact container home has it all. Built entirely as a DIY project, this home is filled with some amazing features. Jaimie and Dave constructed their home to be beautiful, artistic and have everything the couple need, … [Read more...] about Amazing DIY Shipping Container Home For Debt-Free Living
Violence, Homesteading, and the Origins of Private Property
By David Gordon Those who us who accept self-ownership and a Lockean account of property acquisition must face an important objection. In this account, self-owners occupy land and other natural resources, in that way acquiring exclusive rights to the land or resources. Once they done so, they may transfer their titles to the property they have acquired through exchange or … [Read more...] about Violence, Homesteading, and the Origins of Private Property
The Economics and Politics of Zoning
By Ash Navabi Both economic decisions and political decisions involve choices and tradeoffs. The difference is that economic decisions are ultimately informed and rely upon monetary prices, revenues and costs. Political decisions, meanwhile, do not depend on market outcomes—they can be based on love, legacy, favors, or establishing power relations. Zoning is the practice … [Read more...] about The Economics and Politics of Zoning
Property Rights Are What Separate Humans from the Animal Kingdom
By Gary M. Galles As someone who has studied public policy for decades, I have frequently been struck by how many people are so committed to their favorite ism or “answer” on an issue that they will ignore powerful contradictory analysis and evidence that is only a couple easy keystrokes away, or even when it is right in front of them. A good example of this willful … [Read more...] about Property Rights Are What Separate Humans from the Animal Kingdom
Like Most Government Central-Planning Schemes, Zoning Laws Raise the Cost of Living
By Chris Calton In the classic video game Sim City, players acting as the mayor of a simulated city begin by allocating space by industrial, residential, and commercial zones. There is no option in the game to have overlapping districts, where a department store might sit next to a middle-class home. The very idea would seem absurd to modern minds, which typically accept … [Read more...] about Like Most Government Central-Planning Schemes, Zoning Laws Raise the Cost of Living
Just When You Think You Own Your Own Private Property…
By Simon Black, Sovereign Man The year was 1967. Ronald Reagan had just become governor of California. Aretha Franklin was belting out R-E-S-P-E-C-T on the radio. Marxist revolutionary leader Che Guevara was captured and executed in Bolivia. And a restaurant chain called The White Spot opened its newest location in Denver, Colorado. It was a popular diner; the White … [Read more...] about Just When You Think You Own Your Own Private Property…
Capital is a Mystery to Alexandria Ocasio-Cortez
By Mark Brandly We all know that Alexandria Ocasio-Cortez is dominating the political news with her demands for socializing the economy. Bob Murphy has explained that her Green New Deal "makes no sense on economic grounds” and even for Keynesians it “ would be nonsensical to implement such a program today.” Given the inanity of the Green New Deal, I would like to … [Read more...] about Capital is a Mystery to Alexandria Ocasio-Cortez