Dr. Friedman Goes to South Africa

– December 3, 2020

“Milton Friedman in South Africa is a fascinating product of one of Friedman’s ventures during a controversial time. It is worth reading for anyone interested in understanding Friedman specifically or what Andrei Shleifer called ‘The Age of Milton Friedman’ more generally.” ~ Art Carden


Value Is What I Say It Is

– November 30, 2020

“The disdain for private commerce pours through the pages of The Deficit Myth, but never so much so as when Kelton imagines the transition for a newly unemployed worker. Rather than ‘sort boxes at a private retailer,’ she says, the worker in her scheme will ‘perform a useful job in public service.’ Everything that’s wrong with the (left’s) modern overhaul of value theory is included in that sentence.” ~ Joakim Book


A New Film on the Life and Work of Ludwig von Mises

– October 13, 2020

A new film about Ludwig von Mises (1881-1973) is a major achievement in getting the word out by this mighty intellectual of the 20th century. It tells the story of his life and work through interviews with top scholars and writers. Featured in this film are the following associates of AIER: Peter Boettke, Edward Stringham, Peter C. Earle, Jeffrey Tucker, and Gregory van Kipnis, along with many others. Many parts were filmed at the campus of AIER.

vote here

Voters’ Incentives and Terrible Public Policy

– October 6, 2020

“In about a month, Americans will elect a new President and a new Congress. In our ideal world, they would do so by very carefully weighing the costs and benefits of different policies and choosing the combinations that they reasonably believe to be in everyone’s best interests. In the world we inhabit, though, they will go to the polls and vote enthusiastically for policies that create more common harm than common good.” ~ Art Carden

british flags

Keukentafel Economics and the History of British Imperialism

– October 4, 2020

“Let’s get on with it, then: honest courts, good schooling, non-extractive governments, property rights for squatters, free international and internal trade, employment laws that do not protect only the presently employed.” ~ Deirdre McCloskey


The Formula for a Richer World? Equality, Liberty, Justice.

– October 3, 2020

“Ideas are not all sweet, of course. Fascism, racism, eugenics, and nationalism are ideas with alarming recent popularity. But sweet practical ideas for profitable technologies and institutions, and the liberal idea that allowed ordinary people for the first time to have a go, caused the Great Enrichment. We need to inspirit masses of people, not the elite, who are plenty inspirited already. Equality before the law and equality of social dignity are still the root of economic, as well as spiritual, flourishing—whatever tyrants may think to the contrary.” ~ Deirdre McCloskey

james buchanan

James M. Buchanan’s Normative Vision Fifteen Years Later

– September 30, 2020

“Why I, Too, Am Not a Conservative lays out a subtle, complex, and principled vision for a functioning society of equals. Autonomy and reciprocity, he argues, are necessary for peace, order, and prosperity, but at the same time he doesn’t see it as his role to deconstruct society and rebuild it along these lines. Buchanan is critical of radicals who would force others to be free, or who would seek liberal ends by illiberal means.” ~ Art Carden

capitol hill

The Aristocracy of Pull

– September 23, 2020

“The reader of Political Capitalism will be pulled away from blackboard models of perfect worlds we can imagine, but they will come away with a better understanding of the world we actually inhabit.” ~ Art Carden


Coase and Covid: The Spectrum

– September 22, 2020

“When we take account of the full costs of lockdowns and related mandates, including the pernicious precedents these inevitably set, it’s clear that the lowest-cost – the best – source of protection against disease such as Covid-19 is personal responsibility.” ~ Donald J. Boudreaux & Lyle D. Albaugh

free to choose

Free to Choose After Forty Years

– September 21, 2020

“Free to Choose holds up very well even after forty years. Friedman’s analysis still holds, and it’s interesting to see (for example) how the rhetoric of the opposition to educational choice hasn’t really changed. Free to Choose does more than show that freedom works. It explains why, and it does so memorably.” ~ Art Carden

cambridge, campus, river

Disaggregating Keynes Demonstrates Macro Delusions

– September 15, 2020

“Which view of man prevails – man seen as a reasonable but imperfect person who can guide and direct his own life, or man seen as an irrational being constantly needing someone else to direct and dictate how and what he does – will determine the future for mankind, not only out of the current economic crisis, but also for the many years and decades to come.” ~ Richard M. Ebeling


Assar Lindbeck – Sweden’s Greatest Economist Died 90 Years Old

– September 8, 2020

“Lindbeck was a great economist and public voice of economic sanity. He will be sorely missed.” ~ Joakim Book