Aiertopview

Great News from AIER

– August 31, 2018

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

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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?

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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.  

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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.

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lebronjames

The LeBron James Strategy for Saving Schools

– August 12, 2018

James was given unprecedented freedom with I Promise School, even though taxpayers are footing about 75 percent of the bill.

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conspiracy

A Theory of Conspiracy Theory

– August 3, 2018

When things don’t go our way, when institutions produce outcomes we find contrary to our conception of what should be, we seek out the culprit, the hidden hand making things as they are. Surely some powerful cabal manipulated the world to take the shape that it does. Nothing is random, spontaneous, truly decentralized, accidental, or the product of an emergent process that no one in particular controls. There is a power behind some curtain somewhere. The purpose of the conspiracy theory is to find it and bring it to justice.

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population

Why Population Predictions Bomb

– July 31, 2018

The alarmists’ real concern is not the growth of population; it’s prosperity. Their concern is that the resources of the earth will be used up, and that humanity has to prepare by becoming fewer and poorer. But all the evidence points in the opposite direction.

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The Collapse of Deposit Insurance—and the Case for Abolition

– July 24, 2018

Economic Education Bulletin Vol. XXXIII, no. 9 | September, 1993 by Richard Salsman

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whitehouse

Government Is Not What Makes a Country Great

– July 20, 2018

Since November 2016 several Duke University colleagues have come into my office, closed the door, and said, “Okay. You were right. Are you happy now?”

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The Scientific Breakthrough of the Twentieth Century

– July 17, 2018

Article published in The American Journal of Economics and Sociology, Vol. 17, No. 1, October, 1957.

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storytelling

Economists as Storytellers

– June 24, 2018

In their admirable quest to be scientific, most economists not-so-admirably mistake what looks like science for actual science.

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oldcotswold

Thank you, AIER

– May 20, 2018

Two golden summers at the American Institute for Economic Research gently reshaped my philosophical outlook and personal life forever—much for the better. My 1981 and 1982 summer fellowships helped instill a deep appreciation for the intensely personal nature of economic markets, and they steered me toward a long and happy marriage.  

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