The final moments of an economist amidst a horde of zombies.
Thanks to people like Rey, secondhand power converters make their way into the hands of idealistic young future pilots shopping at Tosche Station.
Whether it’s music, art, or commerce, it’s competition that makes the world beautiful.
The right of humans to freely cooperate on an open market is the surest way to bring about not only economic, but human harmony.
You earn $1,000 this week. You spend $650 on consumption items (rent, food, gasoline, a new pair of jeans) and save – you admirably prudent person you – $350. You use this $350 to buy three shares of stock in Apple, Inc. (which are priced today at just over $116 per share). The rest of […]
The road to tyranny is paved with good intentions.
Are interest rates not prices? And if so, should they not be discovered instead of imposed?
Beneath the surface there’s a lot of progress occurring that should make us all feel a little more optimistic about the future.
We’ve taken the liberty of compiling some of the highlights for your viewing pleasure.
The work you do probably does not produce something you could consume. Even more striking is the fact that almost everything you consume is something you could not possibly produce. Your daily life depends on the cooperation of hundreds of millions of other people.
“We’re going to need to see your birth certificate,” the manager said, making a notation on my employment application, “But you’re hired. Show up a 10 a.m. on Thursday for training.” I was too young and dumb to realize he was calling my bluff. I had to be 16 to take the job and I […]
Another day, another hilariously awful straw man argument against libertarianism.
It’s not BlackBerry’s fault the Apple iPhone has become the go-to smartphone for consumers worldwide.
Can you really blame universities for charging high prices for football tickets when so many people are willing to pay for them?
Trump’s trade policies miss one of the most fundamental economic concepts: When two parties engage in trade, they are both better off.
In association with Learn Liberty, Professor Steve Horwitz will be addressing Reddit for an AMA to talk about the success of his recent article for FEE.org, “There is No Such Thing as Trickle-Down Economics,” the gender wage gap controversy, and more! Professor Horwitz is the Charles A. Dana Professor of Economics at St. Lawrence University […]
Trump and Clinton are likely to look at this question. So does a new study.
When the costs of risky behavior are reduced, people tend to increase the amount of risky behavior they engage in.
As professor Anne Bradley shows in this piece, the economic way of thinking can help us prepare for and respond to acts terrorism.
Rather than invent new human rights, people who are concerned about poverty should first ask what kind of barriers government creates that prevent social mobility. Those barriers should all be removed before any thought is given to taxing some people in order to give money or resources to others.
Here is what you should know about NAFTA, the perennially controversial trade agreement
When it comes to trade, the best US policy, or that of any country, is the elimination of all barriers to imports. This can be done unilaterally. Abundance should always be preferred to scarcity.
There are two problems with an estate tax: 1. The belief that estates should be taxed at all reveals a fundamental misunderstanding of economics, and 2. The actual taxing of estates has very different effects than those that advocates imagine it will have.
The introduction of low-skilled immigrants frees up time for native workers to improve their skills and move on to higher paying jobs. This is a desirable economic development from the migrant, as well as the native, laborers perspective.