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

The Path to Full Stagflation

Peter C. Earle May 3, 2023

“The US economy looks to be pointed in a troubling direction. Federal unemployment data shows record low unemployment, but state-level data paints a different picture: one where the current ‘stagflation lite’ conditions could soon become fully stagflationary.” ~ Peter C. Earle

An Astonishing Proposition

Peter Wallison May 3, 2023

“Does the Biden administration believe that home buyers have the moral duty to sacrifice their own objectives in order to help others achieve their goals, and the government should enforce this moral duty?” ~ Peter J. Wallison

Sanguine about the State: A Critique of Political Science

James Hanley May 2, 2023

“Political scientists should be less sanguine about the concept of the state itself and more welcoming to the concept of governance through spontaneous order. And that is because non-state organization entails less coercion.” ~ James E. Hanley

A Doctor Dissents from Statist Orthodoxy

George Leef May 2, 2023

“There are, however, some doctors who aren’t afraid to make the case for freedom, both in medical care and in all other aspects of our lives. One of them is Dr. Miguel Faria.” ~ George Leef

What’s Called “Common Good Capitalism” Would Work Against the Common Good

Donald J. Boudreaux May 1, 2023

“Because innovation is destined not only to reveal new ends that must be fitted into — and, hence, disrupt — the ‘common good capitalist’ plan, but also to create new and unanticipated means of pursuing ends, innovation must be suppressed if any ‘common good capitalist’ plan is to be seriously imposed.” ~ Donald J. Boudreaux