If businesses get government subsidies to make their products cheaper, or “capture” regulation to hurt their competitors, that’s rent seeking.
Professor Ilya Somin recently joined us on Reddit for an “Ask Me Anything” conversation as part of our Learn Liberty Reddit AMA Series. He answered your questions about Game of Thrones, voter ignorance, and the prospects for bipartisan reforms in the direction of liberty. Fans of Learn Liberty will recognize Professor Somin as the star of our popular video, I Can’t Breathe: […]
The next time someone starts explaining to you how government regulation is needed because corporations have the special privilege of limited liability, please channel Count Rugen.
In partly free societies, more intergenerational mobility isn’t always a good thing.
The media rarely celebrate ordinary people doing jobs for which they get paid. But the man selling several generators can be more impactful than the man giving one away.
Given that Africa has the world’s youngest population, the lack of steady, formal-sector jobs is an enormous political and economic risk factor. Unemployed youth are more likely to be criminals, may be lured into militant groups, and contribute to political unrest.
People sometimes ask me, “What is the most important concept in political economy?” The answer is easy, but subtle …
Whenever a politician claims to be pro-business, stop to look at what they actually mean by it. The approach makes all the difference.
It is a bedrock American principle that governments cannot discriminate against religious citizens and institutions.
The current controversy over the removal of Confederate monuments from public spaces is producing a great deal of rancor and strife.
Why did poverty decrease so much over the past 200 years, and especially over the past 30 years? Let’s look at one key example; then we’ll zoom out to the broader research.
Ilya Somin is Professor of Law at George Mason University. His research focuses on constitutional law, property law, and the study of popular political participation.
Many of the most expensive flood and storm disasters in US history have occurred in recent decades. The glib response is to blame the severity of these catastrophes on climate change, but are we looking in the wrong direction?
President Donald Trump claimed Senators who voted against Obamacare’s replacement, the AHCA, had “let down Americans.”
The locavore movement, like many parts of environmentalism, has an unfortunate tendency to dress itself in the clothing of science before lapsing into mysticism.
As a believer in small government, I usually favor anything that reduces taxes. But this tax break has wreaked havoc on American health care.
To gain a proper appreciation of the free market and its benefits, we need to also become aware of its weaknesses. I have written previously at Learn Liberty about how 20th-century economist Wilhelm Röpke argued that while the free market has the capacity to encourage morality, other institutions—like families and churches — are a more […]
In times of disaster it’s natural to try to find a silver lining — but don’t go looking for it in broken windows. Not only is this line of thinking flawed, but it’s also patronizing to those whose lives have been affected by this tragedy.
Over the last several seasons, top-tier players like LeBron James, Kevin Durant and Chris Paul appear to be self-selecting themselves onto teams with other top-tier players.
The invisible hand of the market reaches out to help people in a disaster, but anti-gouging laws cut it off at the wrist.
Toronto city officials recently threatened a man with fines for building an unlicensed staircase in a local park.
A toddler screaming about time-out prompts a neighbor to summon the authorities, but months of relentless bullying are laughed off by neighbors and ignored by the authorities.
As much as we love Daenerys and Jon, they and their real-world counterparts are unlikely to give us a better wheel on their own.
Whenever we have raised taxes on the rich, we have seen horrible offenses against inequality and economic growth.
Millennials may talk the socialist talk, but this look at the evidence shows they also walk a rather capitalist walk.