Free Trade versus “Free Trade”
To economists, free trade means absence of government interference with trade. To politicians, "free trade" means a complex set of managed policies.
Free Markets
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Week in Review: January 21, 2017
America has a new president, but will the new boss be the same as the old boss?
Free Market Economics and Crony Capitalism
Does not big business wrap itself in the mantle of free markets? If so, are not exponents of free markets supporting crony capitalism?
Good Economics Is “Bizarre” for Minimum Wage Supporters
What these "excuses" point to is the marginal productivity of the worker is lower than the salary the employer is forced to him pay by law.
The “Curse” of Labor-Saving Machinery Is Nothing New
Amazon's new cashier-less and staff-less store is just the latest move in a long history of innovations that have made workers obsolete.
Week in Review: December 24, 2016
Merry Christmas and Happy Holidays from everyone at the Mises Institute.
Europe’s War on Tobacco
Europe's tobacco bans have managed to destroy businesses without actually getting people to stop smoking.
The European Miracle
It was in Europe — and above all, America — that human beings first achieved per capita economic growth over a long period of time.
Auburn Feature on Wall Street Journal
Auburn, Alabama, is featured on the front cover of today's Wall Street Journal. I was interviewed extensively for the story, but was not mentioned. The story is about the relationship between the state university and increased manufacturing jobs.
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Online Learning
In this three-lecture course, professor Mark Thornton will explain how prohibition has changed not only the market for marijuana, but also the characteristics of the drug itself.
