Economics in One Lesson: An Introduction

In 1945, Henry Hazlitt authored Economics in One Lesson, wherein he offers market-oriented insight into a number of post-war developments in the United States and dispels several myths associated with economic theory that continue to dominate public policy discourse over sixty years later. The first chapter, titled, “The Lesson,” discusses how many economic theories rely…

Cutting Fat: The Automotive Industry, Government Assistance, and Corporate Welfare

The Conservative government released its 2014 budget this week and, much to the joy of North American automotive manufacturers operating in Canada, it turns out that free trade is actually just “free trade.” Finance Minister Jim Flaherty announced Ottawa’s plans to double the amount available via the Automotive Innovation fund from $500 million to $1…