Topic: Economic Education

Art and Culture, Books, Economic Education

Loury’s ‘Late Admissions’ is Right on Time

– August 15, 2024

“Economists often get lost in abstractions…By coming to terms with himself, Glenn Loury gains a deeper understanding of the challenges and opportunities facing the same communities in which he was raised.” ~Michael N. Peterson

Economic Education, Taxation

What Chalkboard Curves Ignore

– August 14, 2024

“When dealing with public policies, however, we should remember that using just one diagram may still be misleading. More than one incentive story or relationship is usually in play.” ~Gary M. Galles

Books, Economic Education

Erik Angner’s Defense of Our Dismal Discipline

– August 13, 2024

“The conversational tone is excellent for the wide audience he intends — those skeptical of economists and economics — and it’s easy enough to follow along his clear prose even for those without prior training in our arcane arts. ” ~Joakim Book

Economic Education, Free Markets, International

Cuban Food Shortages: Another Red Flag

– August 9, 2024

“Facing price controls, taxes and tariffs on food in Cuba, and it shouldn’t be surprising that food markets are increasingly becoming distorted, shortages are frequent, and people remain impoverished.” ~Byron B. Carson, III

Art and Culture, Economic Education

Labor Isn’t Value

– July 30, 2024

“The labor theory of value is wrong. Just because you worked hard at something doesn’t mean you have produced anything worthwhile.” ~Art Carden

Economic Education, Property Rights

Economic Observations of Beach Parking

– July 25, 2024

“The idea of ‘line up!’ is deeply ingrained in most of us, to the point where we are angry if someone ‘cuts’ in line ahead or, for that matter, behind us.” ~Michael Munger

Books, Economic Education, Fiscal Policy

Misunderstanding Poverty: a Review of ‘Second Class’

– July 16, 2024

“Frédéric Bastiat famously warned against economic sophisms, the facile myths around free trade and economic policy… Alas, Batya Ungar-Sargon is not even a bad economist.” ~Nikolai Wenzel

Economic Education, Inflation

The Real Reason Fast Food Is So Expensive

– July 1, 2024

“The bottom line is that fast food prices are high because demand for fast food remains high, despite those higher prices.” ~Jon Miltimore

Books, Economic Education, Free Markets

Stiglitz: When Good Minds Seek Fools’ Favor

– June 19, 2024

“Stiglitz believes ‘education’ should be explicitly designed to attack property rights and to weaken the sense of American exceptionalism, the tradition of classical liberalism.” ~Michael Munger

Economic Education, Energy, Regulation

Confounding the Case for Oil and Gas Collusion

– June 5, 2024

“Oil is produced and sold in a global market. Even true cartels like OPEC don’t have total control over prices. It comes down to supply and demand.” ~Alexander W. Salter

Economic Education, Fiscal Policy

Helping Social Security by Helping Yourself

– May 31, 2024

“Not retiring — instead, doing age-appropriate jobs — is at least a partial solution to the prospect of an insolvent Social Security trust fund.” ~Jimmy Alfonso Licon

Economic Education, Environmentalism, Taxation

When Ideological Bubbles Trump Economic Thinking

– May 17, 2024

“That a Nobel Prize-winning economist can hold these naïve views and fail to use simple economic reasoning should give us pause about how ideology and echo chambers can dull our reasoning.” ~Paul Mueller