Topic: Economic Education

Economic Education, Economic History, Free Markets

Why Even Insiders Underestimate Markets’ Power

– April 23, 2024

“There tend to be more and better substitution possibilities known to both buyers and sellers than we recognize from the outside of those exchange relationships.” ~Gary M. Galles

Art and Culture, Capitalism, Economic Education

Business Schools Undermine Wealth Creation

– April 16, 2024

“Universities promote an obsession with social impact that ignores the vital social impact already accomplished by the realm of private enterprise.” ~Kimberlee Josephson

Economic Education, Free Markets

Look With Two Is

– April 10, 2024

“Look at institutional arrangements as they actually play out, making the comparison by looking through two Is: information and incentives.” ~Michael Munger

Art and Culture, Capitalism, Economic Education

Dynamic Pricing Puts the “Fast” Back in Fast Food

– March 19, 2024

“By offering lower prices in off-peak hours, Wendy’s would be able to attract more customers overall, thus charging lower prices on average, even if prices during peak periods were higher than what they charge now.” Thomas Savidge and Louis Rouanet

Economic Education, Entrepreneurship, Free Markets

Commoditizing Excess Capacity

– March 18, 2024

“If all the cars, and apartments, have people using them, and all the tools have people making things with them, we will need far fewer of those things. We have ‘enough’ stuff, it’s just in the closet.” ~Michael Munger

Central Banking, Economic Education, Inflation, Sound Money Project

Fact-Checking “Greedflation”

– March 18, 2024

“By fueling an overall increase in demand, central banks can generate a sustained increase in the general level of prices — inflation. Central banks are the primary source of money creation, not firms.” ~Nicolás Cachanosky

Economic Education, Property Rights, Taxation

Cherry-Piketty Data

– March 5, 2024

“Whether the distribution is problematic and calls for correction is one question, but measuring the extent of inequality and whether it is getting worse is an entirely different issue.” ~Robert Mulligan

Economic Education, Free Markets, Regulation

Beware of the Ceiling

– March 1, 2024

“Alas, most voters are ignorant of Econ 101. They don’t realize that price ceilings actually decrease buyers’ access to goods whose prices are kept artificially low by government diktats.” ~Donald J. Boudreaux

Books, Economic Education, Economic Theory

Who is the Greatest Economist of All Time?

– February 28, 2024

“No matter what your specialization, whether in economics or in any other field, Cowen has written a book which is trying to convince you to break out of your specialization and rediscover the broader world of ideas.” ~James Hartley

Economic Education, Fiscal Policy, Podcast

New AIER Podcast: Econception

– February 15, 2024

Experience the debut episode of AIER’s newest podcast ‘Econception,’ hosted by Dominic Pino. The economy is complicated, but markets work.

Economic Education, Environmentalism, Regulation

NJ’s Plastic Bag Ban Backfires Horribly

– February 14, 2024

“Ignoring the secondary consequences of a policy and focusing solely on its primary intended consequences is what separates a bad economist from a good one.” ~Jon Miltimore

Classical Liberalism, Economic Education, Economic History

Can Adam Smith Save Gen Z?

– February 7, 2024

“Convincing this generation of college students requires making the positive argument for the free market, restoring to prominence the real case Adam Smith made for markets, individual liberty, and restrained government against the backdrop of official state control.” ~Blake Ball