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Eat the Rich: A Treatise on Economics is a 1998 book by P. J. O'Rourke that explains economics in a humorous way.
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In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants.
State capitalism is an economic system in which the state undertakes business and commercial economic activity and where the means of production are nationalized as state-owned enterprises. The definition can also include the state dominance of corporatized government agencies or of public companies in which the state has controlling shares.
Patrick Jake O'Rourke was an American author, journalist, and political satirist who wrote twenty-two books on subjects as diverse as politics, cars, etiquette, and economics. Parliament of Whores and Give War a Chance both reached No. 1 on The New York Times bestseller list.
Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The field can encompass a wide variety of topics, including equality, finance, technology, labour, and business. It emphasizes historicizing the economy itself, analyzing it as a dynamic entity and attempting to provide insights into the way it is structured and conceived.
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.
Laissez-faire is a type of economic system in which transactions between private groups of people are free from any form of economic interventionism. As a system of thought, laissez-faire rests on the following axioms: "the individual is the basic unit in society, i.e., the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." The original phrase was laissez faire, laissez passer, with the second part meaning "let (things) pass". It is generally attributed to Vincent de Gournay.
Llewellyn Harrison Rockwell Jr. is an American author, editor, and political consultant. A libertarian and a self-professed anarcho-capitalist, he founded and is the chairman of the Mises Institute, a non-profit promoting the Austrian School of economics.
Robert L. Heilbroner was an American economist and historian of economic thought. The author of some two dozen books, Heilbroner was best known for The Worldly Philosophers: The Lives, Times and Ideas of the Great Economic Thinkers (1953), a survey of the lives and contributions of famous economists, notably Adam Smith, Karl Marx, and John Maynard Keynes.
Market fundamentalism, also known as free-market fundamentalism, is a term applied to a strong belief in the ability of unregulated laissez-faire or free-market capitalist policies to solve most economic and social problems. It is often used as pejorative by critics of said beliefs.
Rose Director Friedman ; born Rose Director was a free-market economist and co-founder of the Milton and Rose D. Friedman Foundation.
Raveendra Nath "Ravi" Batra is an Indian-American economist, author, and professor at Southern Methodist University. Batra is the author of six bestselling books, two of which appeared on The New York Times Best Seller list, with one reaching No. 1 in late 1987. His books center on his idea that financial capitalism breeds excessive inequality and political corruption, which inevitably succumbs to financial crisis and economic depression. In his works, Batra proposes an equitable distribution system known as Progressive Utilization Theory (PROUT) as a means to not only ensure material welfare but also to secure the ability of all to develop a full personality.
Robert Patrick Murphy is an American economist. Murphy is research assistant professor with the Free Market Institute at Texas Tech University. He has been affiliated with Laffer Associates, the Pacific Research Institute, the Institute for Energy Research (IER), the Independent Institute, the Ludwig von Mises Institute, and the Fraser Institute.
Robert L. Bradley Jr. is CEO and founder of the Institute for Energy Research (IER). An expert in the history and political economy of energy and energy corporations, Bradley is a senior fellow at the American Institute for Economic Research (AIER), as well as Energy and Climate Change fellow of the Institute of Economic Affairs in London.
Giovanni Arrighi was an Italian economist, sociologist and world-systems analyst, from 1998 a Professor of Sociology at Johns Hopkins University. His work has been translated into over fifteen languages.
Ha-Joon Chang is a South Korean economist and academic. Chang specialises in institutional economics and development, and lectured in economics at the University of Cambridge from 1990–2021 before becoming professor of economics at the School of Oriental and African Studies (SOAS) in 2022. Chang is the author of several bestselling books on economics and development policy, most notably Kicking Away the Ladder: Development Strategy in Historical Perspective (2002). In 2013, Prospect magazine ranked Chang as one of the top 20 World Thinkers.
Allan H. Meltzer was an American economist and Allan H. Meltzer Professor of Political Economy at Carnegie Mellon University's Tepper School of Business and Institute for Politics and Strategy in Pittsburgh, Pennsylvania. Meltzer specialized on studying monetary policy and the US Federal Reserve System, and authored several academic papers and books on the development and applications of monetary policy, and about the history of central banking in the US. Together with Karl Brunner, he created the Shadow Open Market Committee: a monetarist council that deeply criticized the Federal Open Market Committee.
"Socialism for the rich and capitalism for the poor" is a classical political-economic argument asserting that, in advanced capitalist societies, state policies assure that more resources flow to the rich than to the poor, for example in the form of transfer payments.
Robert Eric Wright is a business, economic, financial, and monetary historian and the inaugural Rudy and Marilyn Nef Family Chair of Political Economy at Augustana University in Sioux Falls, South Dakota. He is also a research economist at the National Bureau of Economic Research.
W. Michael Cox is an American economist, speaker, and consultant. An outspoken libertarian, he comments on society, politics, and the benefits of a free market society. Cox is currently the Director of the O’Neil Center for Global Markets and Freedom at Southern Methodist University's Cox School of Business.
"Eat the rich" is a political slogan associated with anti-capitalism and right-wing politics, as well as sometimes anarchist violent extremism. It may variously be used as a metaphor for class conflict, a demand for wealth redistribution. The phrase is commonly attributed to political philosopher Jean-Jacques Rousseau, from a quote first popularized during the French Revolution: "When the people shall have nothing more to eat, they will eat the rich".
