MG_0924_2_0

AIER Teaching Teachers

– September 19, 2018

In my lifetime, I’ve never observed more confusion over the issue of international trade. That’s an indicator of a more serious problem, the dearth of economic knowledge among the general public.

READ MORE
wafflehouse

The Market’s Beautiful Response to Hurricane Florence

– September 18, 2018

Long before governments entered the disaster scene, private citizens and entities took responsibility whenever they saw their fellow residents in trouble, oftentimes putting their own safety at risk to help save lives.

READ MORE
macro-1452987_1920

Microfoundations in Macroeconomics

– September 17, 2018

Paul Krugman is a little too quick to dismiss the need for microfoundations in rigorous macro models.

READ MORE
supplydemand

The Greatest Service Economists Perform

– September 17, 2018

When done well, economics regularly reveals that that which appears to the popular mind to be undeniably true is often a mirage, or at least highly questionable. No service performed by economists is as important as this one.

READ MORE
burningquestion

Three Burning Questions about Political Economy

– September 10, 2018

Can you explain why we Americans today, who are so much richer than were our great-great grandparents, are also so much more fearful than they were of peaceful immigrants?

READ MORE
Max_Stirner

Max Stirner’s Enduring Relevance

– September 7, 2018

Collectivism left horrifying stains on the 20th century. With the new technologies of supervision and control now available, the dominance of collectivist beliefs in the new century would be outright devastating. It is time to ban the curse of collectivism. We need an individualist turn in philosophy and politics and must abandon the mystical beliefs in false abstractions. To this end, Max Stirner is the indispensable guide.

READ MORE
charity

It’s Not Only about Markets vs. the State

– September 4, 2018

“Voluntary collective action” should be our motto. This obviously includes markets, to be sure. But there is no reason to cede the vitality, attractiveness, and exuberance of the non-profit independent sector to ownership by the state. Voluntary private organizations belong to everyone.

READ MORE
Screen Shot 2018-08-31 at 12

AIER Scholars on The Rubin Report

– August 31, 2018

The Rubin Report has been an important source for the dissemination of sound economic ideas.  

READ MORE
Aiertopview

Great News from AIER

– August 31, 2018

So many wonderful things are happening at the American Institute for Economic Research.

READ MORE
realandnominalgdp

Your Guide to Understanding Real vs. Nominal GDP

– August 30, 2018

Why do economists believe that the level of GDP we observe is merely nominal and that something called real GDP, which one cannot observe directly, actually exists?

READ MORE
socialistdreams

Democratic Socialism Is Poetry, Not Economics

– August 27, 2018

It is not serious thought to go around simply demanding that everything be free. That demand solves no problem that has occupied the world of economics for a thousand years. Try to implement it and someone, everyone, is going to pay – long lines, impossible high taxes, hyperinflation, material deprivation – and not through choice.  

READ MORE
stakeholder

The Great Danger of the Stakeholder Mandate

– August 20, 2018

While there are imperfections in today’s economy in general and its system of corporate governance in particular, these are nowhere as extensive and threatening as Sen. Warren thinks them to be. And these imperfections are certainly not so serious as to justify any militant and wholesale restructuring of corporate law of the sort that Sen. Warren — with her mix of extraordinary arrogance, ignorance, and recklessness — proposes.

READ MORE