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

A Conversation on Occupational Licensing

“On this episode of the Authors Corner, Ethan interviews AIER Visiting Research Fellow and Economics PhD candidate at Middle Tennessee State University Protik Nandy to discuss occupational licensing. Occupational licensing continues to intrude into more areas of American economic life, creating little benefit for public safety while harming both workers and consumers.” ~ Ethan Yang

Why Did Traffic Deaths Spike As Drivers Left Roads?

“Perturbations, large or small, and whether deriving from natural or manmade interposings may and do lead to upheaval. The social fabric is pervasive but shockingly attenuated, and there are inevitable human and economic costs to deranging it.” ~ Peter C. Earle

The Graduation Speech That I Would Have Given If Invited

“You’ll be part of a huge peaceful legion of people whose cooperation and peaceful competition within markets and civil society will change the world for the better, a little bit each and every day, and yet in ways that no one today can possibly foresee. Remember, open-endedness and unpredictability are good! Happy graduation!” ~ Donald J. Boudreaux

A Faster Drug Approval Process May Be Coming Soon!

“Recent history is on the side of less oversight and more patient access. Giving less power to government agencies to decide which drugs are safe and effective and under what circumstances provides more freedom for doctors and drug producers to help patients. It’s a literal life-or-death cause worth fighting for.” ~ Raymond J. March

Trade, Raid and the State Against First Nations

“Many have lost track of a key fact about residential schools: these schools were mandatory state-funded schools. The federal government acted as an advocate for settlers to the Canadian Prairies and disregarded the natural rights of individuals from First Nations. It was by government fiat that these abuses were sanctioned and conducted.” ~ Vincent Geloso

A Declaration for Anti-Lockdown Reforms

“If we do not do something to prevent the gross abuses of power that have transpired over the past year and a half, the Fourth of July will cease to have any real meaning in this country and to all those abroad who look to us for inspiration.” ~ Ethan Yang