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.
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.
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 […]