What is Economics and What Makes a Good Economist?
Economics, at its core, is the study of cause-and-effect relationships—analyzing how scarce resources, which have alternative uses, are allocated.
Economic Freedom
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Tariffs Won’t Spawn Good Trade Deals
The media is spinning President Trump‘s “trade deals” as a “victory” for the White House. Yet, when we break down these “deals” into their particulars, we find that American producers and consumers will be worse off than before.
Tariffs Won’t Spawn Good Trade Deals
The media is spinning President Trump‘s “trade deals” as a “victory” for the White House. Yet, when we break down these “deals” into their particulars, we find that American producers and consumers will be worse off than before.
You Created Jobs for Robots?
Do we save human job roles at the expense of more deeply-efficient deliveries of products and services that we love so much?
The Meaning of Coercion in Hayekian Philosophy
How do we define liberty? Hayek saw it as the absence of most (but not all) coercion, but that depends upon how one defines “coercion.” Murray Rothbard believed that Hayek was too willing to accept forms of coercion that were anti-freedom.
The Meaning of Coercion in Hayekian Philosophy
How do we define liberty? Hayek saw it as the absence of most (but not all) coercion, but that depends upon how one defines “coercion.” Murray Rothbard believed that Hayek was too willing to accept forms of coercion that were anti-freedom.
The FTC versus Fortnite: “Consumer Protection” is Consumer Deception
The Federal Trade Commission has fined the makers of the video game Fortnite more than $500 million ostensibly for violations that have no legal basis. This is yet another case of the feds shaking down producers in the name of “consumer protection.”
The FTC versus Fortnite: “Consumer Protection” is Consumer Deception
The Federal Trade Commission has fined the makers of the video game Fortnite more than $500 million ostensibly for violations that have no legal basis. This is yet another case of the feds shaking down producers in the name of “consumer protection.”
Human Reason as the Foundation of Civilization
Human reason, wrote Ludwig von Mises, is the basis for civilization itself. Western civilization, he said, was built upon economic progress that sprang from reason. However, he also warned that if the West abandoned sound economics, it would trigger its demise.
