The really radical idea behind the rule of law is that the lawmakers themselves are not above the law. It is “the law” that rules, not those who make and enforce the law.
The Economic Way of Thinking can help improve decision-making, even in areas you wouldn’t think to look.
Sure, you did well in Econ 101, but what does that have to do with your day-to-day life if you aren’t an economist? You probably glazed over terms like “opportunity cost” and “gains from trade”, and we really couldn’t blame you. But what if you could apply those concepts to the things you do for […]