Here’s a brainbuster for you: The product on the left will help keep you alive for 6-8 weeks. It costs $4.49. The other is nothing more than pretty to look at. It costs $161. Why? This paradox — the water-diamond paradox — troubled some of the world’s greatest minds. Plato wondered about it; Copernicus and […]
Last week, we wrote about Frederic Bastiat, the king of communicating economic and philosophical ideas in simple, direct (and often funny) ways. Of course, in the 19th century, Bastiat’s medium was the printed word. But if you had to find an heir to his throne in the social media era, Thomas Sowell would be a […]
This is the second of Learn Liberty’s “Legends” series. Read our first, on Ayn Rand, HERE. He never won a Nobel Prize. He never wrote a New York Times bestseller. In the history books, he doesn’t sit alongside Adam Smith, Ludwig von Mises, and Friedrich Hayek as all-time great economists. He doesn’t even have an […]
Dr. Miron has written over 100 op-eds and several books, including Drug War Crimes: The Consequences of Prohibition (2004) and Libertarianism: from A to Z (2010).
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, he […]
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 […]
Every transaction has a cost. What should you do when it doesn’t have a benefit, too?
This isn’t an accident. This is the purpose of these regulations — to protect established businesses from competition.
Shows like Flip or Flop make it look easy to turn huge profits from renovating a home. But don’t quit your day job just yet.
Economists have an important purpose, but they often fail to serve it.
Wrestling with ethical issues can bring life to the economics classroom.
On the 8th anniversary of Minecraft’s launch, let’s take a moment to appreciate just how great it is.
In which economist Michael Munger explains jokes, making them funnier. Seriously though, if you want to know why economist jokes exist, this is your jam.
The market can route self-interest toward the common good. But the market channels altruism better than the state too.
The astonishing growth in SEZs qualifies as a revolution of sorts, but not the usual, political kind.
Once again, the United States government is rapidly approaching a fiscal debt ceiling. After March 16, 2017, Uncle Sam is not legally allowed to borrow any more money to cover its budget deficits, unless Congress votes to raise the debt limit like it has every time in the past. Uncle Sam’s debt has been growing […]
Well-behaved women seldom make history, but they should.
Watson offered up a simple truism about feminism that is more powerful than it might sound: “Feminism is about giving women choice.”
This Women’s History Month, let’s avoid the trap of looking at women’s equality as a problem that only politicians can solve.
The Congressional Budget Office (CBO) recently released the “The Budget and Economic Outlook: 2017 to 2027.” This annual report provides the federal government’s most comprehensive analysis of the current state of federal spending, taxes, and debt. It also provides a framework within which to analyze the President’s budget proposal and upcoming Congressional legislation. The news is […]
How can people still starve in a world overflowing with food and a vast international aid apparatus?
Any entrepreneur who succeeds in reducing costs faced by a laborer who suffers from a disability can earn a profit.
Here’s my opening statement for my Students for Liberty debate with Will Wilkinson. Enjoy. Libertarians have a standard set of fundamental criticisms of the welfare state. Forced charity is unjust. Individuals have a moral right to decide if and when they want to help others. Forced charity is unnecessary. In a free market, voluntary donations […]
One of the signature features of President Donald Trump’s campaign was his hostility to free trade. Then-candidate Trump repeatedly denigrated various multilateral trade pacts as bad deals for the United States. Pulling out of the Trans-Pacific Partnership, appointing opponents of free trade—such as Steve Bannon and Peter Navarro—into key positions, and promises of tariffs that are likely to […]