Those “lazy, self-centered, millennials” get a bad rap. Jared Meyer, author of “Disinherited: How Washington Is Betraying America’s Young” explains how this generation both has higher standards of living and more government barriers to success than any other.
The holiday season is a time for love and cheer. So this Christmas, as you’re huddled in front of fire drinking eggnog and singing carols, be thankful for the wealth and opportunity that the free market has generated, and signal your love by giving a gift that matters.
At what price would you hand over your homemade Christmas cookies?
Early proponents of the minimum wage advocated it not in spite of, but for its deleterious effects on minority populations.
Profits and rising stock prices in a system of economic nationalism and cronyism reflect the satisfaction of the desires of those with political power.
Batman is wrong about Superman. Here’s why.
As with so many dynamic systems in society, developing the proper incentive structures leads individuals pursuing their own self-interest to generate desirable outcomes for the entire group.
If you missed Antony Davies’ Reddit AMA last week, fear not! We’ve taken the liberty of compiling some of the highlights for your viewing pleasure.
It’s easy to imagine a perfect system, one in which all are taken care of, where our cars run on recycled emissions, and where everyone can afford healthcare, but we too easily fall into “unicorn traps” with this sort of thinking. Professor Michael Munger of Duke University explains:
Some people argue that natural disasters and other acts of destruction create wealth and employment as we repair the damage they’ve caused. Professor Dan Russell explains that this fallacy fails to take into “opportunity costs” into consideration. Whenever we use a resource for one purpose, like fixing a window, we give up the opportunity to […]
Learn Liberty veteran Professors Peter Jaworski and Art Carden met up at a Samford University Bulldogs game to wax philosophical about the economics of college sports. In the video below, Carden asks, “Would it compromise the integrity of the sport if the student athletes were paid for the value they produce for their school?” to […]
California’s minimum wage is set to rise to $15 an hour by 2022.
Sports are a terrific lens for focusing in on the process of decision-making — they’re almost laboratories for incentives.
A market for parking free of government manipulation would reduce inequality, improve the environment, and make cities more livable.
This thought experiment will help you wrap your head around the inanity of Trump’s trade policies.
Thanks to people like Rey, secondhand power converters make their way into the hands of idealistic young future pilots shopping at Tosche Station.
There’s more to travel than the sticker price of different ways of getting from point A to point B.
Frederic Bastiat lived a prolific life and left an even grander legacy.
We’ve taken the liberty of compiling some of the highlights for your viewing pleasure.
“We’re going to need to see your birth certificate,” the manager said, making a notation on my employment application, “But you’re hired. Show up a 10 a.m. on Thursday for training.” I was too young and dumb to realize he was calling my bluff. I had to be 16 to take the job and I […]
U.S. policymakers cannot base their estimates of how refugees will impact the labor market on the situation in Germany. Labor market institutions in the United States are better equipped to handle an influx of new workers.
Can you really blame universities for charging high prices for football tickets when so many people are willing to pay for them?
If women really do only earn 77 cents for every dollar a man earns, wouldn’t employers hire women exclusively to save on labor costs?