"The word ‘Keynesian’ means many things to many people. Decades ago, it was a carelessly applied label for economic li…"

"In a sense, the 1980s helped bring further to fruition American hopes in the mid-1940s that economic liberalism would…"

"Socialism had defeated her brand of ultra-liberal economics. ... [Margaret Thatcher believed that] the law of the mar…"

"Even the Mercantile System cannot be correctly judged by modern economics since the latter is itself one-sided and as…"

"The only positive advance which liberal economics has made is the elaboration of the laws of private property. These …"

"The term has only arisen as a result of the liberal economists’ passion for generalisation. As long as private proper…"

"By dissolving nationalities, the liberal economic system had done its best to universalise enmity, to transform manki…"

"The opposite of competition is monopoly. Monopoly was the war-cry of the Mercantilists; competition the battle-cry of…"

"A liberal is fundamentally fearful of concentrated power. His objective is to preserve the maximum degree of freedom …"

"Economic theory as derived from Adam Smith assumes first that homo economicus acts with perfect optimality on complet…"