“Elements is a good refresher for people who haven’t thought about it in a while, and I think it’s also a good jumping-off point for teachers looking to organize lectures and classroom activities. Yes, markets tend toward equilibrium, but this Element points us to the journey, and that’s where all the entrepreneurial action is.” ~ Art Carden
READ MORE“Two other developments undermine the idea that houses got more expensive in the last year: real interest rates and plenty of household savings. Those two trends mean that even though the sticker prices of many British homes are higher than they were before the pandemic, the ease with which the typical household could acquire them has improved.” ~ Joakim Book
READ MORE“It is not just well-paid academics that exhibit this (presumably) counter-intuitive voting behavior. The top 300 wealthiest zip codes, those with the so-called ‘one-percenters,’ tend to favor Democrats over Republicans both in terms of financial contributions to campaigns, but also in ballots cast.” ~ Anthony Gill
READ MORE“On this episode of the Authors Corner, Ethan Yang speaks with Marian Tupy, a Senior Fellow at the Cato Institute and the editor of HumanProgress.org. The topics discussed touch on issues such as the rapidly improving living standards across the world, the causal factors of prosperity, the pace of innovation, and why the common narrative often distorts perceptions of human progress for the worse.” ~ AIER
READ MORE“Unlike the common condemnation of markets as the antithesis of cooperation, Leonard Read recognized, with Ludwig von Mises, that competitive markets comprise ‘a system of mutual cooperation,’ where ‘the function of competition is to assign to every member of the social system that position in which he can best serve the whole of society and all of its members.'” ~ Gary M. Galles
READ MORE“Seven Deadly Economic Sins is a must read for the general public, policymakers, and students of economics who wish to gain an understanding, at a philosophical level, of the economic fallacies that continue to circulate in common thought and among certain policymakers, along with a convincing rebuttal of each, placed in the context of why getting it right matters for human progress.” ~ David Waugh
READ MORE“The New/Old Antitrust Paradigm would reverse the presumption of legality in mergers and acquisitions, placing the burden of proof on economic actors to want to do…well, almost anything. Any economic restructuring of a business is contingent on obtaining the permission and chop of the appropriate bureaucrats and, incredibly, other ‘stakeholders’ such as competitors and labor organizations.” ~ Michael Munger
READ MORE“Most babies born today will (one hopes) live to see at least the opening of the 22nd century. Why should some self-interested geezers with ‘one foot in the grave’ born before the mid-20th century be able to diminish the quality of their lives?” ~ Robert E. Wright
READ MORE“How I wish that I could make more visible – literally visible – to the eye the economy’s teeming, streaming, pulsing, gargantuan – yet almost completely invisible and silent – interconnectedness and complexity. The person who paints such a picture would provide a great service to humankind.” ~ Donald J. Boudreaux
READ MORE“By making precious metals a more integral part of citizens’ lives, state gold depositories are key to a return to sound money.” ~ Peter C. Earle
READ MORE“All that Jacques Novicow saw as the experienced and potential benefits from the peaceful and productive associations among human beings, however, was dependent on the end to a spirit of both international war and domestic plunder in the form of misguided government interventions; the worst of such domestic forms of plunder and societal disintegration, he said, would be if socialism were to triumph anywhere in the world.” ~ Richard M. Ebeling
READ MORE“Economically free nations tend, by virtue of their protection of property rights, to produce more rewards to effort which increases the likelihood of upward mobility. There is one simple implication from this: if you are concerned about the societal effects of inequality, you really are concerned by the low quality of institutions.” ~ Vincent Geloso
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