Gains From Trade With Extreme Differences
The law of comparative advantage shows us that people can consume more than they would be able to produce on their own.
Mises Wire
Gains From Trade: An Example
Can two people still gain from trade even if one person is a lot better at something than the other person?
Demand is down, so we must raise our prices!
The demand for building permits and the other related “services” that can only be purchased at city hall in Las Vegas has plummeted.
On the Fifth Anniversary of Katrina...
...disaster recovery remains an important area for research.
Nine Principles of Economics
A small set of ideas does most of the heavy lifting in economics.
Historic Day in Austrian Economics
Today is a historic day in Austrian economics. Today a Ph.D.-level seminar in Austrian economics commences at the University of Missouri.
My Open Letter to Paul Krugman: Spend ALL of Your Income!
As one who loves consistency, I have urged Paul Krugma
Powell Versus Farm Subsidies
Here’s Suffolk University economist Benjamin Powell on farm subsidies and their effect on poor countries (like recently-decimated-by-flooding Pakis
