By Eustace Davie Every nation has a choice between having either a closed, highly regulated and stagnant economy or an open, free and rapidly growing economy. It is time for SA to choose freedom over repression, starting with a sound currency as a basis for building a thriving economy. One country after another is experiencing [...]
By Ariel Wertlen Spilkin Introducing the Social Contract Theory Every libertarian has at some or other point come into contact with the SCT (Social Contract Theory). The theory has played a pivotal role in political philosophy and has roots that reach to antiquity. However, one must ask, despite the pervasiveness of the SCT what is its [...]
The Mises Institute South Africa has prepared and sent a formal objection to government’s proposed Infrastructure Development Bill of 2013 (IDB) published in Government Gazette 36143 on 8 February 2013. To see the full submission, please click here.
By Henry Hazlitt (Excerpted from Economics in One Lesson, Chapter 19) We have already seen some of the harmful results of arbitrary governmental efforts to raise the price of favored commodities. The same sort of harmful results follow efforts to raise wages through minimum wage laws. This ought not to be surprising, for a wage [...]
By Russell Lamberti International trade is one of the most misunderstood issues in economics. The common misguided narrative goes something like this: exports are good and imports are bad, therefore exports should be promoted by industrial policies, while imports should be curtailed as much as possible by industrial policies. This is the basic thinking behind [...]