Topic: Economic Education

AIER and Giving Tuesday

– December 3, 2019

As you have noticed, the American Institute for Economic Research has enjoyed a wonderfully productive year. There are events every few days, new books every couple of weeks, one hundred or more substantial articles per month, a constant stream of visi …

READ MORE

You Are Harming No One or Anything by Not Spending on Black Friday

– November 28, 2019

With Black Friday upon us, here’s something important to remember: you’re not “helping the economy” by spending intemperately and making imprudent impulse purchases. You’re just… spending intemperately and being imprudent. There’s nothing inherently wr …

READ MORE

The Market Is a Symphony of Creation

– November 26, 2019

I just ate a delicious sandwich. It was called the blue river brisket, and it had brisket, cheddar cheese, bacon, purple slaw, garlic mayo, and barbecue sauce heated and served on a kaiser roll. With a bowl of broccoli cheddar soup, it was a perfect me …

READ MORE

The Great Redistribution: Who Benefits From Ruthless Capitalism?

– November 25, 2019

The two ugliest entries in America’s anti-capitalist vocabulary might be “ruthless capitalism” and “speculation.” Ruthless — or any other distasteful adjective of your choosing — capitalism is a mythical kind of heartless profit seeking where owners an …

READ MORE

The Demonization of Private Equity

– November 20, 2019

Labeling an entire industry as destructive and evil is detrimental to the investors, communities, and hundreds of millions of people worldwide that benefit from its activities.

READ MORE

Bourbon for Breakfast After 10 Years

– November 19, 2019

It was last year when I was invited to address a dinner party. I arrived to find a copy of this book at every place setting. I was momentarily mortified: this is surely not my best material. What even is in this book? This attitude does reflect my outl …

READ MORE

Why We are Getting More for Less

– November 19, 2019

Thankfully, capitalism is not wrecking the planet. At least that’s the message in a brand-new book with the stunning title More From Less by Andrew McAfee

READ MORE

Business Ethics and Morality of the Marketplace

– November 19, 2019

Who do people consider to be less ethical or honest than either telemarketers or used car salesman? If you said Washington politicians, you’d be right on the button. According to Gallup News Services, members of Congress are right at the bottom of perc …

READ MORE

Five Myths Propagated by Local-Food Activists

– November 14, 2019

By promoting the increased production of local food that does not offer a compelling quality/price ratio while shunning modern production and processing technologies, activists ensured that our food supply would become more expensive, environmentally damaging, and hazardous to our health .

READ MORE

The Struggle to Get Education Away from the State

– November 13, 2019

Education reform is a perennial hot-button issue, with teachers’ unions like the American Federation of Teachers and the National Education Association spending vast sums to elect their preferred candidates and lobby them for reforms they find favorabl …

READ MORE

The Wonderful Surprises of Comparative Advantage

– November 12, 2019

Human society is permeated with comparative advantage. When each person specializes in performing that task, or small set of tasks, for which he or she has a comparative advantage — and then exchanges the fruits of this labor for goods and services pro …

READ MORE

Economics Is the Great Reality Check

– November 10, 2019

Economics is a ubiquitous and conspicuous set of limits that cause everyone to buck up, cease our simpleton solipsism, face what’s true, become disciplined, get adaptable outside our embedded identity, live within our means, adopt solid values, and lead a good life.

READ MORE