The Journal of Prices & Markets, published by the Ludwig von Mises Institute of Canada, is a journal that seeks to improve the understanding of the role of markets in the economy. Submissions should seek to shed light on contemporary issues while being grounded in a praxeological reasoning. Prices & Markets welcomes submissions from a variety of fields such as politics, sociology, and psychology, where ever they can bring relevance to economic and financial questions.

There are two kinds of people in the world: those who respect coercive authority and consider it legitimate, and those who do not. The former group is likewise split into two factions: a relatively small group that, for whatever reason, essentially worships power, and a much larger one whose members merely tolerate authoritarianism, either as a matter of expedience or habit. In the wake of the recent bombing at the Boston Marathon and subsequent military-style manhunt, it seems clear that the great majority of Americans may be categorized as either power-worshiping or power-tolerant.

Bruce Bartlett recently lamented in The New York Times that given the current state of economic affairs we need more Keynesian medicine to fix the US economy. According to Bartlett, the core insight of Keynesian economics is that there are very special economic circumstances in which the general rules of economics don’t apply and are in fact counterproductive.

Thomas Sowell recently sat down with Peter Robinson to discuss his latest book, Intellectuals and Race. Here’s a short excerpt:

Not very  often, but  occasionally he hit on something of importance.

As virtual fantasy worlds go, Blizzard Entertainment’s Diablo 3 is particularly foreboding. In this multiplayer online game played by millions, witch doctors, demon hunters, and other character types duke it out in a war between angels and demons in a dark world called Sanctuary. The world is reminiscent of Judeo-Christian notions of hell: fire and brimstone, with the added fantasy elements of supernatural combat waged with magic and divine weaponry.