Libertarian Paternalism
David Gordon reviews Nudge, co-written by Richard Thaler, who was awarded the 2017 Nobel Prize in economics.
Free Markets
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Cobden on Freedom, Peace, and Trade
Free trade cannot prevent war when men no longer believe in peace.
Mises Explains the Drug War
Mises contends, the fact that something is a vice is no reason for suppression by way of commercial prohibitions.
Mises and Cosmopolitanism
Like Mises himself, the Mises Institute seeks "the perfect cooperation of all mankind, taking place peacefully and without friction."
Markets, Not Government, Improve Race Relations
No, race relations aren't getting worse. They're far better than they were decades ago, and the marketplace has been a key factor in improving matters.
The Broken-Window Fallacy Is Still Alive and Well
CNBC tells us that Hurricane Harvey may be good for the economy by increasing inflation, and driving up demand. CNBC is, of course, wrong.
How to Look at Tariffs
Political boundaries of nations may be important for other reasons, but they have no economic meaning whatever. The upshot is that protectionism is not only nonsense, but dangerous nonsense.
The “Science” of Liberty
Some day, perhaps, liberty and “libertarian studies” will be recognized as an independent, though related, part of the academic curriculum.
Rick Perry — and His Critics — Still Don’t Understand Say’s Law
How do you do away with a “Law” that had been core to economists’ understanding of the market economy for 150 years? You misrepresent it.
