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?”
READ MOREArticle published in The American Journal of Economics and Sociology, Vol. 17, No. 1, October, 1957.
READ MOREIn their admirable quest to be scientific, most economists not-so-admirably mistake what looks like science for actual science.
READ MOREIn the Cotswold Hills north of Bath, England, large manor houses were made from the local oolitic limestone. Cotswold Cottage at AIER in Great Barrington, Massachusetts, built from 1929 to 1931, was intended to be a copy of that Cotswold style, which is why our revered stone house has sometimes been called “Old Cotswold.”
READ MOREIt’s not at all surprising that with the highly politicized environment of the US, with ever more controls, more people are looking for new ways to live a peaceful life. It only takes one visit to a paradise like St. Kitts to get the mind turning toward dreams of a new start, a life of peace and quiet. I completely get it. I was only in St. Kitts for three days and now I understand completely.
READ MOREIf we had a genuine free market in food – and the market is doing its best with the Amazon acquisition of Whole Foods – we would also likely see a greater alignment between what is affordable and what is actually good food for human consumption. It would be nice at least to be able to test this, starting with an end to the farm program.
READ MORETwo 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.
READ MOREMonetary theory is beautifully simple. The fundamental principle of economization underlies decisions to hold money or goods and what form of money to hold.
READ MOREMore people than ever are enjoying both travel and accommodation thanks to Uber and Airbnb. It’s a mistake to think that the solution is to protect incumbent businesses from this creative disruption.
READ MOREIn April of 2018, AIER had the privilege of hosting a summit of sorts between Students for Liberty (SFL), the world’s largest pro-liberty student organization, and the Atlas Society, whose scholars work to further develop the objectivist philosophy and bring the work of its creator, Ayn Rand, to a global audience.
READ MOREEconomics is lovely because it unlocks the great mysteries of the material world: why we thrive, why we experience progress, how we can build prosperity and peace, the path toward making the best out of our limited time in this world, and leave something better for the next generation. Knowing and contemplating these things is indeed a source of immense joy.
READ MOREThe kids are being forced into institutions that have proven themselves unable to protect students against violence, and also face no real accountability when they fail to do so. Force is the watchword even without the direct threat of violence from guns and bombs. Why does nearly everyone think this is normal? Because compulsory schooling laws have been part of the living reality of every single living American.
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