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

Should We Panic Over Excessively Low Global Temperatures?

“We simply have no way to trace out more than a minuscule fraction of the economic consequences, positive and negative, of government efforts to alter a phenomenon as massive as the earth’s environment.” ~Donald J. Boudreaux

AI Opposition: Economic and Philosophical Sophistry

“Economic growth is by far and away the most far-reaching and compounding good mankind has ever experienced — the very phenomenon responsible for modern infrastructure, schools, and health care.” ~Jack Nicastro and Samuel Crombie

How the Subsidy Straw Is Sucking The Colorado River Dry

“A trifecta of farming-sector entitlements have incentivized producers to grow thirsty plants, underpriced water extraction, and created moral hazard….Subsidies have made water 10 times cheaper in Arizona than in Michigan.” ~Peter Clark

Quality Boosts in Sports Collectibles

“An hour of labor today might not buy many more baseball cards than an hour of labor a generation ago, but it would be a mistake to conclude that living standards haven’t changed much because the quality has improved so much.” ~Art Carden

US Manufacturing is Doing Just Fine

“Faced with the increased prosperity that has correlated with lowered trade barriers, making the case that trade liberalization has led to widespread harm is no easy task.” ~Colin Grabow