Calculation and Knowledge

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Rudolph Kohn

Creating a hit movie series, television show, or video game is a phenomenon that not only strikes without warning, but can also strike in unexpected places—or fail to strike where it is intended. Austrian economics provides some key insights.

Joshua Mawhorter

The standard argument for government services is that only government can build enough roads to meet transportation needs. However, the disconnect between production and consumer choice ensures misallocation of resources under government roads, including traffic congestion.

William L. Anderson

With the recent collapse of air traffic control systems at Newark International Airport, air safety again is in the news. The problem is that the US ATC system is run on socialist principles. To fix this problem, turn to private enterprise.

Patrick Barron

People like to believe that national defense is outside of economic analysis, but the reality is that laws of economics are immutable and universal. A case in point is the development of the F-35 Lightning II fighter jet.

Yesim Ozsoz

The greatest innovations don’t emerge from a checklist; they arise from an obsession with understanding something that others overlook.

Soham Patil

Due to the obfuscation of prices in a planned economy, individuals and firms do not have access to information they would have gained from prices otherwise.