Feed on
Posts
Comments

Daily Archive for September 23rd, 2010

Yet Another Example of Capitalism Leading to Domination, Monopoly and Exploitation

Posted in Entrepreneurs, Price System on Sep 23rd, 2010

Oops, wrong again. Blockbuster Inc., once the dominant movie rental company in the U.S., filed for Chapter 11 bankruptcy protection on Thursday, reeling from mounting losses, rising debt and competitors that have better catered to Americans’ changed media habits. What? I thought companies told people how to consume? I thought we were powerless to choose? […]

Read Full Post »

Agreeing to Tyranny

Posted in Institutions on Sep 23rd, 2010

There is a reason they say that, “the devil is in the details.” A much neglected work of Hayek is his 1939 manuscript, “Freedom and the Economic System.” In it he points out something that would probably open up a lot of my students eyes, especially those who ask things like, “if X is so […]

Read Full Post »