Why Camping Out To Buy Stuff Is a Rarity in a Market Economy
Forcing people to wait days in a line to buy your product may not be the most efficient way to distribute goods.
Value and Exchange
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Freedom and the Minimum Wage
Political paternalists who insist upon setting minimum wages by government command closely resemble socialist central planners of the 20th century.
Profit and Charity Are Not Mutually Exclusive
In order to pursue “social justice” goals, firms must first manage to turn a profit. Otherwise, they'll disappear.
The Unseen Cost of Shoveling Snow
The broken-window fallacy can be seen everywhere — and snow removal must necessarily come at the cost of not doing something else.
Minecraft and Crusoe Economics
Minecraft serves as a model of a simple, developing economy that — not unlike the real world — continues to develop by accumulating capital.
College Athletes Aren’t What Make College Football Profitable
Tickets for tonight's championship game are selling for well over $2,000, but people aren't paying just to see 20-something athletes play football.
Decentralize Global Trade Policy
What if Chile subsidizes its wine production? That's too bad for Chile's taxpayers, but great for the rest of the world.
Free Trade and the American Political Tradition
We can be both trade globalists and political localists.
The Myth of Insufficient Demand
The more goods that an individual can produce the more goods he can demand, and thus acquire.
Why Profit Is So Important
Profit has nothing to do with exploitation. It is about the most efficient use of real funding or real savings.
