Topic: Economic Education

Classical Liberalism, Economic Education, Economic History

Essential Words In- And Not In- Adam Smith’s Essential Works

– November 5, 2022

“Don’t leave TMS behind when reading WN. Intricate souls the actors in WN surely are. What, after all, is the inner substance of the wealth of nations?” ~ Caleb Petitt & Daniel B. Klein

Art and Culture, Economic Education, Government

What Ain’t So Can Hurt You

– November 3, 2022

“It would be better for society if our leaders were humble and honest about how little they actually know. But it’s better for the candidates for leadership if they pretend to be committed to a whole dog’s breakfast of truths that just ain’t so.” ~ Michael Munger

Art and Culture, Economic Education, International

Should Universities Around the World Use English?

– November 3, 2022

“The choice of language affects how and what we learn. Domestic conditions are easier to describe in one’s native language, and therefore have more room to breathe when discussed in the native language.” ~ Eva Forslund & Magnus Henrekson

Economic Education, Government, Regulation

Schrodinger’s Demand Curve: Elastic or Inelastic?

– November 2, 2022

“Elizabeth Warren may be right that immigration has been a ‘vital source of American strength.’ But if so, minimum wage hikes only serve to undermine that vitality.” ~ Zachary Shuter

Art and Culture, Economic Education, Government

Does Wealth Ooze?

– October 29, 2022

“The world that I hypothesize is believed by today’s well-meaning proponents of racist policies is wholly fictional. Wealth does not ooze automatically and ineluctably from some mysterious wealth-producing engine.” ~ Donald J. Boudreaux

Central Banking, Economic Education, Financial Markets

Helping Banks Help Themselves: Extended Shareholder Liability

– October 27, 2022

“The best way to reduce systemic risk is to give the risktakers the incentive to economize on risk. An extended liability regime for banking is a simple and elegant way to improve incentives. We should seriously consider it.” ~ Alexander William Salter

Economic Education, Environmentalism, Government

Fake Science Fuels Climate Extremism

– October 25, 2022

“Following the habits of good science is a good idea, but following the dictates of people who call themselves scientists is not the same thing. Climate change might be real, but there are good reasons to reject calls for draconian policies that fail cost-benefit tests.” ~ David Barker

Economic Education, Free Markets, Government

Government Is Largely Guesswork

– October 24, 2022

“Unlike actions taken in markets, even the best government actions carried out in the most appropriate circumstances are guided by little more than guesswork.” ~ Donald J. Boudreaux

Economic Education, Economic History, Free Markets

Getting W.H. Hutt’s Life And Work All Wrong

– October 20, 2022

“Their argument falls apart under scrutiny. The version of Hutt they present is like the version of Buchanan that MacLean presents in her book Democracy in Chains: an unrecognizable caricature.” ~ Art Carden

Classical Liberalism, Economic Education, Government

We Have Lifeboat Minds, But We Live in a Walmart World

– October 15, 2022

“Our evolved, atavistic response is that we don’t like the price mechanism, and we resent our dependence on a complex system operating in the background, without anyone being ‘in charge.'” ~ Michael C. Munger

Economic Education, Free Markets, Government

Economic Essentials and Economic Errors

– October 13, 2022

“Economics has sometimes been described as ‘the painful elaboration of common sense,’ and while I don’t think ‘painful’ is accurate, economics often just applies common sense.” ~ Art Carden

Books, Economic Education, Free Markets

Economic Literacy for Everyone

– October 11, 2022

“Economic literacy can create positive change, as it shapes our decisions and opens our minds. Here’s hoping this short book finds its way into many hands for years to come.” ~ David Waugh