Let’s face it. The economic case for “price gouging” is one for which economists have both a strong argument and minority view, relative to more popular narratives drilled onto the three-by-five card of acceptable opinion. In that sense, we are in familiar territory, going back at least to Thomas Carlyle’s attack on economics as “the dismal
In their recently published paper, “The Curley Effect: The Economics of Shaping the Electorate” (Journal of Law, Economics, and Organization, Vol. 21(1), April 2005, pp. 1-19), Harvard economists Glaeser and Shleifer argue that democratic leaders can mix incendiary rhetoric and the redistributive powers of the state to encourage political
Farmer Freeman woke up one morning last week to find two dozen armed federal officers on his Vermont farm, gathering up his sheep. They were taking them to Iowa, where the sheep would be slaughtered and then tested for mad cow disease. This wasn’t Freeman’s first mad-cow encounter with the government. Last summer, Freeman and other sheep farmers
Providence, Rhode Island, journalist Froma Harrop is as establishmentarian as they come, and her post-Christmas-Day-terrorist-bombing-attempt column does nothing to alleviate this impression. The title? “To Be Safe Flying, We’d Happily Perform This Strip Tease.” That failed attempt, you see, did not simply exhilarate those on the left and right,
Reconozcámoslo. La defensa económica de las “escaladas de precios” es una para la que los economistas tienen fuertes argumentos y opinión minoritaria con respecto a explicaciones más populares incluidas en la ficha de la opinión aceptable. En ese sentido, estamos en territorio conocido, remontándonos al menos al ataque de Thomas Carlyle a la
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.