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Donald J. Boudreaux

There Is No Such Creature as The People

Among the most important advances in the social sciences of the 20th century is Kenneth Arrow’s Impossibility Theorem. The full explanation of this theorem first appeared in Arrow’s 1951 book, Social Choice and Individual Values. As explanations go, this one is especially beautiful in its rigor, yet highly technical and inaccessible to the general public. […]

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Joakim Book

More Good Arguments Against a Carbon Tax

Carbon taxes do alleviate some negative externalities that we might want to counter — but they come with a nasty drawback (and getting them in place requires an inefficient and opaque political process) that no caring person would want to impose on the poorest of us, namely that basic necessities become more expensive.

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