Value and Exchange

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Capital Flows and Ricardo's Law

Global EconomyMoney and BanksMoney and BankingValue and Exchange

Blog04/10/2017
Ricardo's law of comparative advantage is only part of the story when it comes to understanding the benefits of free trade.
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Jeff Bezos Got Rich By Giving His Customers What They Want

The EntrepreneurPricesValue and Exchange

Blog04/07/2017
Jeff Bezos is now rivaling Bill Gates for the richest man in the world title, but only after decades of making everybody else a little bit richer first.
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3 Lessons Learned from Wisconsin's War on Foreign Butter

Taxes and SpendingPolitical TheoryValue and Exchange

Blog04/03/2017
Wisconsin's foreign-butter ban may seem like a small issue, but it illustrates the problems that arise when government limits trade in any way.
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Why Special Interests Sacrifice the Future for Short-Term Gain

U.S. EconomyPolitical TheoryValue and Exchange

Blog04/02/2017
When they ignore basic economics, special interest groups sacrifice the well-being of their future members in exchange for short-term gains.
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Kirzner Reviews Rothbard

Capital and Interest TheoryHistory of the Austrian School of EconomicsPricesValue and Exchange

Blog03/30/2017
Kirzner’s thoughtful and polite approach to scholarship is a model for how younger Austrians can approach scholarly debate.
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L.A. to Worsen Housing Shortage with New Rent Controls

The EntrepreneurPolitical TheoryValue and Exchange

Blog03/29/2017
Housing activists in Los Angeles hope to expand rent control there. This will make the city's housing crisis even worse.
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The Problem with Paid Parental Leave

Big GovernmentValue and Exchange

Blog03/28/2017
Once again, good-intentioned policies that ignore the laws of economics only hurt those who they were originally intended to help.
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Don't Confuse Immigration with Naturalization

The EntrepreneurPrivate PropertyValue and Exchange

Blog03/22/2017
Governments made a mess of immigration thanks to their naturalization and welfare policies. But the answer is not to further limit property rights.
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Dwight Schrute Shows Us Why Speculators Are So Important

Media and CultureCalculation and KnowledgeValue and Exchange

Blog03/06/2017
The TV character Dwight Schrute provides some valuable insights into how speculators provide essential and praiseworthy services in the marketplace.
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Say's Law: The Antidote to Countless Economic Fallacies

Philosophy and MethodologyValue and Exchange

Blog02/14/2017
Say's Law essentially tells us that we produce in order to consume. Once we start thinking we can consume before we produce, we get into trouble.
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