To see the sharing economy as merely “cheaper taxis and cheaper hotels” is to miss the point entirely.
The relevant alternative to a cheap healthcare provider for a lot of people isn’t a medical doctor — it’s Google.
I am furious. I was scrolling through my Facebook feed and learned that my friend Steve Horwitz had written almost 3,000 words in a single day in his new book chapter on inequality.
Each of his separate bodies of work would constitute a monumental achievement. Hayek did it all over the course of a single career that established him as one of the most important social thinkers of the 20th century.
Marx espoused confrontation and slander over careful and critical intellectual debate.
Even Santa’s elves can’t repeal the laws of supply and demand.