Economic Education

Friday, October 5th, 2018

"I tried to think of anything in nature that could compare. I thought of huge animals on safaris, of glorious birds, or gigantic sea animals. I thought of huge mountains, great canyons, and terrifying bodies of water. Nothing compares. Then it dawned on me: humankind has created something truly astonishing here." ~ Jeffrey Tucker 

Thursday, October 4th, 2018

Net neutrality rules do nothing to make internet access more fair. More regulations only create the perfect environment to encourage monopoly, making access to the wide web even more restricted and expensive.

Wednesday, October 3rd, 2018

The result of a century of coerced forms of social organization is exactly what you see and what so many decry as the fracturing of consensus in society. What’s miraculous is that we have somehow survived regardless of the nonstop attacks on liberty, property, and free association.

Tuesday, October 2nd, 2018

Bad economics can bring about or grow out of bad politics. But the question is, what are bad economics and bad politics? Unless this is clearly and correctly identified, a bad situation can be made worse, and a good situation can be turned into a bad one. So sorting this out is crucial to having a free and prosperous society.

Monday, October 1st, 2018

No matter how good legislators’ intentions are, and no matter how much money government spends, government “solutions” are very likely to fall short of solving most of the problems they’re sold as solving. Indeed, often the result is disastrous.

Friday, September 28th, 2018

Few defenders of free markets, not even the oft-maligned Ayn Rand, can be read as defending greed. In fact, if greed or selfishness is understood as exploiting others, then greed is impossible in a system of voluntary exchange.

Thursday, September 27th, 2018

Human beings can do more and realize their potentials more readily the more human interactions they have and the more extensive and complex the system of human interaction of which they are a part.

Wednesday, September 26th, 2018

Economic growth as measured by gross domestic product directs policy makers toward imagining a lump sum of output instead of allowing the market to adapt to the diverse needs and wishes of individuals.

Monday, September 24th, 2018

Students don’t learn enough economics, neither as a subject nor as a way of thinking across the curriculum. AIER was proud to co-sponsor and partner on an event last week with two organizations working to change that fact: the Foundation for Teaching Economics (FTE), and the Economic Education Center at Lindenwood University’s School of Education in St. Charles, Missouri.

Sunday, September 23rd, 2018

"Without entirely knowing what we were doing, that in the course of a few decades, we replaced a view of the human project that was inspired by choice, personal ambition, and individual achievement with a completely different view that insists that aspiration is utterly pointless and probably even dangerous." ~ Jeffrey Tucker 

Wednesday, September 19th, 2018

In my lifetime, I’ve never observed more confusion over the issue of international trade. That’s an indicator of a more serious problem, the dearth of economic knowledge among the general public.

Tuesday, September 18th, 2018

Long before governments entered the disaster scene, private citizens and entities took responsibility whenever they saw their fellow residents in trouble, oftentimes putting their own safety at risk to help save lives.

Tuesday, September 18th, 2018

Paul Krugman is a little too quick to dismiss the need for microfoundations in rigorous macro models.

Monday, September 17th, 2018

When done well, economics regularly reveals that that which appears to the popular mind to be undeniably true is often a mirage, or at least highly questionable. No service performed by economists is as important as this one.

Monday, September 10th, 2018

Can you explain why we Americans today, who are so much richer than were our great-great grandparents, are also so much more fearful than they were of peaceful immigrants?

Friday, September 7th, 2018

Collectivism left horrifying stains on the 20th century. With the new technologies of supervision and control now available, the dominance of collectivist beliefs in the new century would be outright devastating. It is time to ban the curse of collectivism. We need an individualist turn in philosophy and politics and must abandon the mystical beliefs in false abstractions. To this end, Max Stirner is the indispensable guide.

Tuesday, September 4th, 2018

“Voluntary collective action” should be our motto. This obviously includes markets, to be sure. But there is no reason to cede the vitality, attractiveness, and exuberance of the non-profit independent sector to ownership by the state. Voluntary private organizations belong to everyone.

Friday, August 31st, 2018

The Rubin Report has been an important source for the dissemination of sound economic ideas.


Friday, August 31st, 2018

So many wonderful things are happening at the American Institute for Economic Research.

Thursday, August 30th, 2018

Why do economists believe that the level of GDP we observe is merely nominal and that something called real GDP, which one cannot observe directly, actually exists?