Praxeology is defined by Rothbard (1962, p. 64) as “The formal implication of the fact that men use means to attain various chosen ends.” While men use means to attain ends in areas other than economics (e.g., war, voting), the dismal science is the only deeply elaborated subdivision of...

Purpose – The concept of “price gouging” during times of emergency, such as in the aftermath of Katrina, often evokes quite an emotional and reactive response from people who are outraged that stores and companies would increase their prices during a time of emergency. The problem is that...

Purpose – The concept of “price gouging” during times of emergency, such as in the aftermath of Katrina, often evokes quite an emotional and reactive response from people who are outraged that stores and companies would increase their prices during a time of emergency. The problem is that...

Purpose – The purpose of this paper is to counter the misunderstanding by Paul Craig Roberts of empirical measures of economic freedom. Design/methodology/approach – The objective is achieved by citing Roberts' criticisms of the Fraser and Cato studies of economic freedom and demonstrating...

In the aftermath of the Enron scandal, the critics of free enterprise have blamed this system for inflated and out of control executive salaries, particularly those of the chief executive officer (CEO). The present paper defends the marketplace against these charges. In section I we argue that...

Argues that the gold standard is the only monetary regime consistent with the philosophy of free enterprise and assesses the contributions of Friedman, Mundell and Hayek to monetary theory as supporters of the free market but opponents of the gold standard. Critically reviews the basic ideas of...

Purpose – The purpose of this paper is to counter the misunderstanding by Paul Craig Roberts of empirical measures of economic freedom. Design/methodology/approach – The objective is achieved by citing Roberts' criticisms of the Fraser and Cato studies of economic freedom and demonstrating...

Purpose – The purpose of this paper is to analyze some of the unseen negative effects of the post‐Katrina government policies dealing with housing in New Orleans. Design/methodology/approach – Since Hurricane Katrina, the government, along with private for profit and not‐for‐profit...