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.
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“I’ve no complaint against economists who craft their public messages in order to avoid a loss of audience. But I do worry that these efforts subtly create in the minds of many such economists unwarranted doubts about the merits of laissez faire.” ~ Donald J. Boudreaux
“Job openings hit another record high in July but the weaker-than-expected August jobs report and surging new Covid cases are clouding the economic outlook.” – Robert Hughes
“At the very least it’s a reminder that a bad day in the United States is an amazing day most anywhere else. People are in love with what we dismiss. When we lament what’s spectacular we’re just acting spoiled.” ~ John Tamny
“We’re outside the range of the ‘full employment’ unemployment rate. The economy is, as many people sense, not as good as the official statistics say.” ~ Clifford F. Thies
“What’s so fascinating about this instance is that the economist corps already knows this: markets internalize externalities – by land value, by selection, by trade-off along other margins that matter to people.” ~ Joakim Book
“I suspect that, in a prosperous and growing economy, questions of ‘fairness’ will lose much of their political cachet and recede to the academic lounges where they belong.” ~ Theodore A. Gebhard
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