If there is a single aspect of the economic way of thinking that I struggle to put into practice, it’s the idea of letting go of my sunk costs.
Trump’s cabinet appointments and the opposition to them reveals some important lessons for the role of interest group dynamics in the political process and its relationship to furthering a free and responsible society.
Making higher education free of charge won’t make it free to provide.
At what price would you hand over your homemade Christmas cookies?
The following words represent the generally acknowledged mindset of a bureaucrat: “Rules are rules, fella. I don’t make ‘em. I just enforce ‘em.”
California’s minimum wage is set to rise to $15 an hour by 2022.
The final moments of an economist amidst a horde of zombies.
As professor Anne Bradley shows in this piece, the economic way of thinking can help us prepare for and respond to acts terrorism.
Limits to the homo economicus version of rationality are also limits to the explanatory power of some aspects of introductory-level economics. They do not, however, compromise the case for laissez-faire. If anything, they strengthen it.
Without young, healthy individuals buying insurance and thereby paying into the system, the government is finding itself saddled with the responsibility for supporting the healthcare of the older, sicker population.
Why does your iPhone cost $200.00? Why is the price of gas so volatile? What gives Uber the right to enact “surge pricing”? It’s easy to think of prices and profit as symbols of greed and corporate power, but prices are really just bits of compressed information that save you time and effort! What do […]
If you follow the news, you’ve probably seen plenty of coverage on ObamaCare or the Affordable Care Act. Even if you don’t follow the news, it’s hard to go for more than a few days without hearing someone mention their insurance premiums, high cost of care, or some other frustration with health care. All the […]