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.
Value and Exchange
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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.
Value Investing’s Compatibility with Austrian Economics — Truth or Myth? A Rejoinder
It is not a myth, it is a fact: value investors’ conception and assessment of value are congruent with the Austrian school’s.
Man, Economy, and Sexual Harassment
New government regulations designed to end sexual harassment would only raise the legal risk of hiring women, and encourage employers to hire more men.
Capitalism and Asymmetric Information
It's capitalism and the competitive market that generate solutions to the knowledge problems of the society, including “informational asymmetry.”
Cantillon for Laymen
Richard Cantillon, "the father of modern economics," understood that to break out of the mercantilist morass we must focus on human action.
Can We Blame the New iPhone’s Mediocrity on Inflation?
To keep up with inflation, Apple needed to raise prices. But they also needed to add features to the iPhone to justify the price increase.
There’s Nothing Moral about Opposing “Price-Gouging”
Opponents of price gouging want to fine and imprison their neighbors for selling their own property at the "wrong" price.
