Economic Education

Tuesday, April 30th, 2019

Would it be a tragedy if Williamson were an anthropology virtuoso who, in dropping out of Duke and taking his talents to the NBA, eschewed a career of path-breaking, world-rocking anthropological scholarship? No.

Monday, April 29th, 2019

Because free markets typically give to producers as well as to consumers strong incentives to use their unique bits of knowledge in ways that promote the general welfare, that both the knowledge problem and the incentive problem exist at all levels of government decision-making means that what is warranted is a strong and general presumption against government intervention – or, worded differently, what is warranted is an ideology of freedom.

Tuesday, April 23rd, 2019

Many people readily impose their own preferences on others without hesitation or compunction, even when they can communicate freely with the party being imposed upon.

Thursday, April 4th, 2019

The bitter truth about most public policies being sold by the political class is that they give them more power to control our lives. If you favor some of these policies, be honest with the rest of us about what you mean, so that we can make more clear-headed judgments about the kind of society we want to live in.

Wednesday, April 3rd, 2019

There are some clear advantages to the gig economy, for both workers who have specialized skills and for companies trying to remain small and nimble.

Thursday, March 21st, 2019

If you think Sweden is socialist, then you know something that just ain’t so.

Tuesday, March 19th, 2019

Diversity, inclusion, participatory democracy, pluralism, and peace dictated and determined by ideological tyrants and power-lusting interest groups using political means to achieve their ends through governmental force and collectivist intimidation undermines and then destroys the alternative and far-better world of peaceful persuasion or attractive offers in the voluntary arena of market exchange.

Monday, March 18th, 2019

Much of what the state does truly is predatory.

Monday, March 18th, 2019

The creation of money doesn’t create wealth, unless money itself is wealth — as it was when it was gold and silver. The sooner we learn this lesson, the sooner we’ll be able to revive real, robust, and sustainable wealth creation.

Monday, March 11th, 2019

We can admire the engineering prowess that enabled NASA to land men on the moon and return them safely to earth. But even if politicians (contrary to fact) were apolitical stewards of the public welfare, governing society is not an engineering task. It follows that NASA’s remarkable achievement emphatically does not imply that we should look to government to solve our problems.

Sunday, March 3rd, 2019

China no longer wants your leftover pizza box. Nor your empty 2-liter bottle of Mountain Dew. They are being burned in the US instead. 

Wednesday, February 27th, 2019

In the simplistic Keynesian-type view of things, all that needs to be done from the government’s policy perspective is to run budget deficits or create money through the banking system to push up aggregate demand.

Monday, February 25th, 2019

The governor has acted quickly. The governor has acted decisively. The governor has issued a proclamation that will make matters worse.

Friday, February 22nd, 2019

AIER offers a unique opportunity to gain professional work experience and produce tangible outcomes in line with your strengths and interests. Furthermore, you join a community of friendly, motivated and inspiring staff, who are more than happy to take time to offer guidance and support.

Friday, February 22nd, 2019

Seismologists can’t predict earthquakes. Economists can predict financial meltdowns? Please.

Thursday, February 21st, 2019

We are treating students precisely the way we shouldn’t if we are trying to help them become resilient, functioning, and free people.

Tuesday, February 12th, 2019

The true danger is not knowledge of “only” Econ 101. The true danger is ignorance even of Econ 101.

Friday, December 28th, 2018

Economics makes it impossible that powerful people can finally rule the world. 

Thursday, December 27th, 2018

Education suffers from the same dilemma as state-run health care: the potential for cost saving remains unfulfilled since no incentives for efficiency exist. In order to get the subsidies and the other benefits from government, the universities must adhere to specific bureaucratic rules.

Wednesday, December 26th, 2018

Why are diversity, variety, and differences celebrated and respected in most realms of human life except in the realm of wealth?