Calculation and Knowledge

Jacob Sullum’s excellent Reason column, The Knock Against Knockoffs, he

I recently saw Thomas Friedman’s “Addicted to Oil” documentary on YouTube.

[Cross-posted at Organizations and Markets]

One family’s experiment — and the results.

The following is an edited version of my recent post on a libertarian discussion list.

Here is the problem, according to Steven Landsburg:

Economists are everywhere.

Starbucks just raised prices this past w

In his July 1, 2007, New York Times Op-Ed piece,

The essence of the phenomenon of interest is the cost that a lender or an investor endures. This cost stems from the fact that the lender or the investor has given up some present benefit.