On Line Essays by Reisman

• Globalization: The Long-Run Big Picture. A demonstration of the gains from globalization.
   
• Platonic Competition. A critique of the doctrine of pure and perfect competition.
   
• Production Versus Consumption. The fundamental problem of economic life is the production of wealth, not the need for wealth. Implications of this proposition for war, government spending, population growth, advertising, machinery, group conflict, and more.
   
• Galbraith's Neo-Feudalism.
   
• Why Nazism Was Socialism and Why Socialism Is Totalitarian. Contrary to myth, Nazi Germany was a socialist state, not a capitalist one. And socialism, understood as an economic system based on government ownership of the means of production, positively requires a totalitarian dictatorship.
  
  
• Classical Economics Versus the Exploitation Theory. Major ideas of David Ricardo and John Stuart Mill can serve to overthrow the theoretical framework of the Marxian exploitation theory.
   
• The Value of Final Products Counts Only Itself.  The value of final products counts only itself and not the value of so-called intermediate products.
  
  
• What Is Interventionism? An analysis of the nature, scope, cost, and consequences of interventionism, including the outline of a program to overcome poverty by means of economic freedom.

• The Anatomy of Deflation. An explanation of what deflation is, including why falling prices caused by increased production are not deflation, what causes deflation, and  the monetary system needed to avoid it.

• Some Fundamental Insights Into the Benevolent Nature of Capitalism. An explanation of more than a dozen fundamental ways in which capitalism operates to the economic benefit of everyone. Spanish translation of this article, in pdf format.

• The Stock Market, Profits, and Credit Expansion. The plunge in the stock market is feeding a wave of anti-capitalist rhetoric. This analysis, in contrast, shows that capitalism and the profit motive dramatically raise the standard of living and that boom and bust are not a necessary feature of capitalism but the result of government-sponsored credit expansion.  (See also Reisman's earlier piece, from August 1999, "When Will the Bubble Burst?," in which he predicted exactly the kind of stock-market bust now going on.) 

• Introduction to and translation of Böhm-Bawerk's "Value, Cost, and Marginal Utility" (in pdf format).

• Ludwig von Mises: Defender of Capitalism.

• The Future of Liberty.

• The Toxicity of Environmentalism. A thoroughgoing and fundamental critique of environmentalism.

• Education and the Racist Road to Barbarism.  A demonstration that by the standard of the value of knowledge, modern Western civilization must be judged as the highest form of civilization thus far.

• Defending Capitalism Against a Capitalist (a Critique of George Soros).
   
• ECONOMICS AND CAPITALISM, CHAPTER 1 OF CAPITALISM: A TREATISE ON ECONOMICS
  

• TOWARD THE ESTABLISHMENT OF LAISSEZ-FAIRE CAPITALISM, CHAPTER 20 OF CAPITALISM: A TREATISE ON ECONOMICS

   

See also News Commentaries by Reisman