At the core of Communist theory, is the idea that the average person within a society is essentially separated (alienated) from the ability to determine his own destiny. The idea was that with bureaucracy, dictatorial autocratic rule, and automation of work within the industrialized world, people a...

Western society has dominated the global market since the very outset of international trade. From the days of the glorious British Empire to the modern day United States, the world has always had the tendency of being dependent upon the economy of the strongest Western power. Why is it always the W...

Introduction Between 1997 and 1998 the currencies of Indonesia, Thailand, and South Korea lost over a third of their value, while the currencies of the rest of Asia lost over one-fifth their value. This economic downturn was fueled by many variables. Pinpointing those variables may be impossible. Th...

Ludwig von Mises: Defender of the Free Market Ludwig von Misis thoughts on human behavior, socialism, and money and credit have had a major impact on economic thought. He championed true free markets and is seen as a defender of liberty. Former President of the United States Ronald Reagan sai...