How Kids Create Wealth By Trading Halloween Candy

– October 30, 2019

The post-Halloween candy market is a commercial society of traders buying low and selling high, and it’s a microcosm of what happens when market exchange works well.

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Wealth Inequality: It’s Complicated

– October 30, 2019

In the debates over wealth inequality that have followed the publication of The Triumph of Injustice (authored by Emmanuel Saez and Gabriel Zucman), there have been intense discussions of the methodological choices made in the book. There have been few …

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Planners Gonna Plan, but They Won’t Succeed

– October 29, 2019

To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions order, and adaptation to the unknown, can be achieved more effectively by decentralizing decisions.

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How Salesmen Improve Our World

– October 27, 2019

The salesman is the empathetic agent of change that helps us overcome our psychological reticence to part with our property in order to gain something that will genuinely improve our subjective well-being.

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Are Economists Basically Immoral?

– October 26, 2019

Heyne’s message to ethicists and religious leaders is that their pronouncements on economic policy necessarily have to take economic theory and evidence seriously.

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The Solution to Blackouts and Wildfires in California

– October 23, 2019

It is time to liberate electric utility customers and bring innovation back to the once innovative electric utility industry that was pioneered by great inventors and businessmen such as Thomas Edison, Nikola Tesla, and George Westinghouse.

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My Busted iPhone Did Not Help the Economy

– October 22, 2019

This thinking — or more accurately, this unthinking — pervades the popular understanding of natural disasters, wars, taxes, stadium subsidies, arts subsidies, and all sorts of other things that amount at best to a mere redirection of resources.

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The Three Biggest Myths about Political Economy

– October 21, 2019

Although such myths will never be completely slain, their baneful impacts can be reduced by sound and unrelenting economic education and public commentary.

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The Limits to Hostile Takeovers

– October 17, 2019

Capitalism, especially seen as a system conducive to hostile takeovers, does not need saving.

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Go-Big Economics and Go-Small Economics

– October 16, 2019

Strong and rigorous empirical methodologies are desirable. This year’s laureates make this abundantly clear. The next step is to apply them to the biggest and broadest questions possible.

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The NBA’s China Problem Due to Political Control Over Markets

– October 16, 2019

There is one important difference in the words and actions of Donald Trump and those of President Xi Jinping and his government in China: Donald cannot command that all companies doing business with the NFL.

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Why Women Workers Might Be Less Willing to Delegate

– October 13, 2019

People love demographic generalization of the workplace because they simplify what is actually incomprehensibly complex. So the newest study of professional women was destined to go viral: “Women Are Less Likely to Delegate Than Men—and That Might Hurt …

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