Journal of Private Enterprise

Articles from Vol. 22, No. 2, Spring

A Kantian Critique of Antitrust: On Morality and Microsoft
Most economists support free markets - to a point. I chose that kst word very carefully, for just as a geometrical point is a theoretical construct that does not exist in the real world, so is the textbook model of perfect competition. But most economists...
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Classical Liberalism and Freedom of the Press
Histories of the Classical Liberal tradition begin with the Stoic philosophers of the Greco-Roman world. Greek political philosophy of Plato and Aristotle focused on the polis or Greek city-state with its small and homogeneous population. This world...
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Exchange and Property Rights in the Light of Biblical Values
Can market institutions and/or market outcomes be reconciled to Biblical values? Many modern Christian theologians think not.1 They raise objections to a number of practices associated with market exchange. These range from alleged product market abuses,...
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Job Turnover and Wages in the Retail Sector: The Influence of Wal-Mart
"Wal-Mart is making enormous profits and yet it has chosen to go with low wages and diminished benefits... The battle to engage Wal-Mart and force them to examine their corporate values and policies is absolutely vital to America today."Senator Barack...
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Koch Industries, Market Process Analysis, and the Science of Liberty
Acceptance remarks by Charles G. Koch, 2005 Herman W. Lay Memorial Award recipient of The Association of Private Enterprise Education on April 3, 2005 in Orlando, Florida.Thank you, Wendy [Gramm, Distinguished Senior Scholar, Mercatus Center, George...
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Law and Order without Coercion
Much of the contemporary discussion regarding law and public policy focuses on how government ought to address important issues. From global warming to technological innovation to corporate finance, voters and policy-makers alike share the belief that...
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Liberty vs. Power in Economic Policy in the 20th and 21st Centuries
Every semester students from throughout the world are introduced to the teachings of economics and political economy. What are the first things students learn as they enter the world of the economic way of thinking? Obviously the answer to that question...
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State Fiscal Policy and Small Business Creation
Promoting entrepreneurship has emerged as a significant policy tool for regional economic growth and job creation (Friar and Meyer, 2003; Laukkanen, 2000; Rosa, Scott, and Klandt, 1996). Indeed, Maillat (1998) argues that economic development policy...
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The Relationship between Political and Economic Freedom Reconsidered
In chapter 1 of Capital and Freedom (1962), Milton and Rose Friedman made the argument that, instead of being antithetical to political freedom, economic freedom is compatible with political freedom. Their argument was reasonable, engaging and accessible...
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