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

China’s Export Subsidies Are a Gift

“Misguided retaliation that would eliminate the advantages that cheaper Chinese goods offer would result in unnecessary self-inflicted costs and forgone benefits to the American economy.” ~ Theodore A. Gebhard

Hating Landlords Misplaces the Blame

“In greedy-bastard economics, rather than tracing their understanding of something they dislike back to its ultimate source, people only trace it back until they get to someone they can demonize as a greedy bastard.” ~ Gary M. Galles

Review of Ola Innset, Reinventing Liberalism

“Reinventing Liberalism is alternately fascinating and frustrating. At the end of the day, however, Innset has given us a serviceable introduction to neoliberalism and a novel interpretation of its program, and those by themselves make the book worth considering.” ~ Art Carden

Everyday Price Index Rises at a Slower Pace in August

“AIER’s Everyday Price Index posted a slower gain in August but is still up 6.8 percent from a year ago. Prices of many goods and services continue to be distorted by the lingering effects of the pandemic and government shutdowns. As these distortions fade, price pressures are likely to ease.” – Robert Hughes

How Experts Can Fail Even When They Are Right

“Like experts on energy efficiency don’t know where to set your thermostat, experts on health risks don’t know which bundle of risks and precautions is the right one given your goals and values.” ~ Art Carden