Economics and Economic Freedom

A free and prosperous society requires a functioning market economy at its foundation. Using a broad array of tools drawn from price theory, public choice analysis, Austrian theory, and classical empiricism, our study of economics and economic freedom explores the underpinnings of the market system, the roots of economic prosperity, and emerging threats to the same in the public policy sphere. Our work includes the measurement of freedom and providing practical economic information for people to make better decisions.

Articles

New Single-Family Home Sales Fell Again in June

“New-home sales fell again in June and supply conditions eased a bit. Rising prices, and somewhat higher mortgage rates should continue weighing on activity.” – Robert Hughes

US Militarism Abroad is Hypocritical and Counterproductive

“Much like big government activism fails here at home, overconfidence in military intervention has only promised failure abroad. A pivot towards a more humble foreign policy based on cooperation as well as shared leadership, much like it would for domestic policy, will yield a much safer world for freedom and democracy.” ~ Ethan Yang

Prices Have Work To Do, Even in Pandemics

“It has been the government’s failure to not let market prices work at all and instead address the pandemic with command-and-control policies that have created shortages, thwarted innovation, and distributed vaccines based not on what will most internalize the spillover benefits of vaccination but based on political considerations about who should enjoy the private benefits of vaccination.” ~ Art Carden

What About “Whataboutism?”

“When the cry of ‘Well… what about X?’ arises in argumentation, it is a good time to step back and evaluate the claim through the eyes of others. It may be that the claim holds no merit. Alternatively, it may open our eyes to bigger problems that we’ve failed to notice.” ~ Anthony Gill

10 Reasons Why You Shouldn’t Call Leftists “Liberal”

“If we are to stand up for liberal civilization, we must first appreciate the great arc of liberalism—that is, the development of liberalism, beginning, say, with the printing press in the fifteenth century and its subsequent ups and downs, and across liberal civilization, not just the American scene.” ~ Daniel B. Klein

A Different Perspective on Cancel Culture

“Cancel culture may be such a controversial phrase that cannot be salvaged, but the idea that we should ostracize those who unjustly challenge the public order is necessary for a civil society.” ~ David Crego