To make sense of Karl Marx or even Adam Smith, you need to see the way they looked at prices — through the labor theory of value.
I found piles of laundry in the bedroom, cans and bottles in the yard, and construction materials everywhere — not at all what the pictures had depicted.
To see the sharing economy as merely “cheaper taxis and cheaper hotels” is to miss the point entirely.
One entrepreneur’s invention cut world poverty and revolutionized manufacturing. Learn more with Steve Davies
Why do special interests gain so much control over government policy? Public choice economics can explain. To get notifications for all our new videos, click the bell above.
Last week, Professor Michael Munger joined us on Reddit for an “Ask Me Anything” conversation as part of the Learn Liberty Reddit AMA Series. Dr. Munger is an esteemed Professor of Political Science, Economics, and Public Policy at Duke University. He has authored/co-authored 7 books and over 200 scholarly articles. A long-time friend of the Learn Liberty project, […]
Why are Western countries like the United States and Germany so much richer today than other countries around the world?
This Tuesday, the Learn Liberty Reddit AMA Series continues with Michael C. Munger, Professor of Political Science at Duke University. UPDATE: The AMA is now live! Prior to his tenure at Duke, where he chaired the Department of Political Science for 10 years before coming to serve as Director of Undergraduate Studies, Professor Munger has also taught at Dartmouth […]
Only in freedom do people have the ability to be good, but can freedom itself teach us what “goodness” means?
Fifty years from now, people will look back on the turn of the century and wonder about us. They will wonder why we were so wasteful, so selfish.
I am furious. I was scrolling through my Facebook feed and learned that my friend Steve Horwitz had written almost 3,000 words in a single day in his new book chapter on inequality.
Despite the popularity of dating apps like Tinder, Grindr, and OKCupid, Millennials are not pairing off. Only 26% of Millennials are married now, compared to 36% of Gen-Xers and 48% of Baby Boomers when they were young. We propose (no pun intended) that the economy is to blame.
During the earliest part of the industrial revolution, workers who were upset about losing their jobs to advanced machinery would throw their shoes into the machines in order to sabotage production. We’re seeing recurrence of sabotage again today, but there’s no more successful saboteur than regulation. Duke University Professor Michael C. Munger explains.
Airbnb is now facing greater opposition in New York thanks to a recent bill signed by Governor Andrew Cuomo which bans advertising of short-term rentals.
UberX produces daily social value of about $18 million. That is comparable to having an excellent French impressionist painter produce a beautiful work each day and give it away for free.
The English poet John Donne once wrote that “no man is an island.” It often feels quite the opposite what with the ever increasing technological advances made and the preoccupied-with-our-phone age we find ourselves in. Yet, the same technology that sometimes feels divisive is actually one of the best ways to stay connected. (Think Pokémon Go). The […]
What if seeing a doctor could be easy as getting an Uber? Senior Research Fellow at the Mercatus Center Adam Thierer looks at one of the newest innovations on the free-market frontier of health care. Doctors are making real house calls arranged by new smartphone apps. Would you use an app like this to see […]
In order to run a taxi in New York, you need a medallion. Because the number of medallions is restricted by the government (artificially restricting the supply, and thus, competition), getting your hands on a medallion can be extremely expensive. As Bloomberg Business explains: “To own a cab in New York, you need a medallion—a […]
In the wake of his passing, I’ve spent a lot of time reflecting on the contributions of my mentor Douglass C. North (Nobel Prize winner in 1993). In the last few months, I have been thinking especially about how we can understand debates about innovations like “Big Box” retail and ridesharing in light of some […]
Earlier this year, I was making travel arrangements for a trip to Charleston. I booked my flight and hotel, and was about to book a rental car when I thought “wait a second. Charleston has Uber, doesn’t it?” It does, and I took UberX—the service that allows anyone who meets Uber’s requirements to drive for […]
There are more than 2,000 breweries in the United States, and craft beer has been continually increasing in popularity. Is the craft beer scene today the best it’s ever been? The short answer: no. In 1870 there were about 4,000 breweries in the U.S. Today there are only about 2,800, which means that Ulysses S. […]
The sharing economy connects people with services like Uber, AirBnB, and Feastly. Despite these new ways to connect, many regulators would like to stop it in its tracks.