Vindicating Capitalism: The Real History of the Standard Oil Company
Alex Epstein May 20, 2008
Examines the inception and rise of Standard Oil, demonstrates that the company’s immense success was the result not of so-called “anti-competitive” practices or “predatory pricing” but of its superior efficiency and productivity, and does long-overdue justice to one of the greatest producers of life-serving values in history: John D. Rockefeller.
The Economics and Ethics of Moneylending
Craig Biddle September 19, 2007
In connection with Yaron Brook’s essay “The Morality of Moneylending,” Edward Glaeser’s NY Sun op-ed “Vilifying Lenders” is a hopeful sign. Glaeser makes some good points: Not so long ago, banks were routinely vilified for not lending to the less fortunate. Over the past 15 years, a revolution in credit…
The Morality of Moneylending: A Short History
Yaron Brook August 20, 2007
Presents an essentialized history of usury, showing that, just as moneylenders are being damned and blamed for today's "sub-prime mortgage crisis," so they have been condemned and castigated for alleged wrongdoing from the beginning of Western civilization. Brook zeros in on the economic and moral premises that give rise to contempt for this profession; he identifies the moral-practical dichotomy inherent in these ideas; and he discusses a unified set of principles that must be understood and embraced if moneylending is to be seen as the noble business that it actually is.
Economics, Politics & Rights, Reviews
Property and Principle: A Review Essay on Bernard H. Siegan’s Economic Liberties and the Constitution
Larry Salzman November 20, 2006
Analyzes Bernard H. Siegan’s Economic Liberties and the Constitution, showing the first edition of the book (not the second edition) to be a valuable source for those seeking to understand how legal protections for property rights in America were gradually lost. Salzman also shows that, although Economic Liberties has certain virtues and is one of the best scholarly books on the subject, it fails to provide a proper philosophical grounding of property rights, and thus cannot stand on its own in defense thereof.
NY Sun Article on Clemson Institute for the Study of Capitalism
TOS Admin September 27, 2006
Click here to read a good NY Sun article about the Clemson Institute for the Study of Capitalism and its executive director, C. Bradley Thompson. And if you haven't already, you need to check out Dr. Thompson's contribution to the Fall 2006 issue of TOS, "The Decline and Fall of…
7-Eleven dropping Venezuela-backed Citgo
TOS Admin September 27, 2006
Kudos to 7-Eleven! If U.S. businesses in general were so principled, we'd be living in a substantially safer world. (And if the U.S. government were principled enough to prohibit trade with dictatorships, we'd be living in Atlantis.)
Economics, Politics & Rights
The Little Dictators
John David Lewis May 15, 2006
America is the land in which productive individuals were largely set free of the coercive power of the government. The result was the most prosperous nation the world has ever seen. But, over the past two generations, our freedom has been subordinated, in myriad ways, to the "Little Dictators" among…