Friday, January 30, 2015

Weekend Links

Leo Tolstoy -- critic of the state? Although his economics were horrible, his political insights were surprisingly astute.

Economist and OLS hero Mark Perry shows how "competition breeds competence".

The pursuit of profit not only benefits the individual, but also provides value to society.  Adam Smith famously wrote about this, and Ayn Rand was definitely the strongest advocate for the morality of capitalism.  In this FEE article, Matthew McCaffrey shows how pursuing profit is pro-social behavior, even when it's not intended to be.

If you have to bribe companies to stay in your state or to convince them to re-locate there, then you already have anti-business economic environment.  Jeff Scribner delves into this point in detail in a recent article at the Mises Institute.