Carl Menger is widely recognized as one of the economists leading the so-called marginalist revolution along with William Stanley Jevons and Léon Walras. There are two other contributions by Menger that are relatively underappreciated and are vital for making sense of the socioeconomic order, including why mankind remains so lost in economic ignorance and tribalistic warmongering.

Few Americans seem aware of the fact that it was the New England Federalists who plotted to secede from the union a half century before the 1860-61 secession of the Southern states. Their efforts culminated in the Hartford secession convention of 1814 where they decided in the end to remain in the union after all, confident that they would eventually dominate national politics to their economic advantage. 

On April 1, California raised the minimum wage for large fast food restaurant franchises to $20 an hour. This law will threaten seven hundred thousand jobs by destroying the state’s food franchising business; however, there is one notable fast food franchise exempted from this minimum wage hike: Panera.

Government censorship has shifted to the forefront of American conversation with the recent passing of H.R. 752, which would essentially ban TikTok; this development, which has passed the House and is on its way to the Senate, is igniting debating on how much involvement the government should have in social media.

Banks are highly regulated businesses, as expected of entities to which we entrust our money, and from which we may expect to borrow someday to buy a home or start a business. 

Bankers interact with regulators daily. Investors wishing to establish a bank must first obtain capital pledges from future shareowners and apply for a bank charter from either federal or state government regulators. 

So-called populist political parties and politicians gained considerable traction with Western voters in recent years, despite being dismissed in many cases as “a threat to democracy” and “extremists” by mainstream politicians. With the election of Donald Trump in the US and of Javier Milei in Argentina, the surge in polls and electoral wins of right and far-right parties in several European countries sent shockwaves through the political establishment.

According to a new report from the federal government's Bureau of Labor Statistics this week, the US economy added 303,000 jobs for the month of March while the unemployment rate fell slightly to 3.8%.

Every year, thousands of Nigerian youths who are below the age of thirty and who’ve completed their undergraduate studies—whether in Nigeria or abroad—are compelled by law to give up one year of their working time in active duty to the country under the auspices of the National Youth Service Corps (NYSC), an agency of the government.

In the vast pantheon of history, black people have been both victims and oppressors. Yet history has been so politicized that we hear endlessly about the former and almost never about the latter. Rhetoric has eclipsed facts. It is a fact, for example, that Africans participated in the transatlantic slave trade. History is now frequently used as a cudgel to hammer white people into submission.