The most powerful weapon in an economist’s arsenal is the law of demand. When the price (or opportunity cost) of something increases, people will purchase,...
The precious metal is a time-tested hedge against inflation, economic uncertainty, and more. In 1946, when the Foundation for Economic Education was founded,...
Paradoxes make good brain candy, in my opinion. As a rough approximation, statements can be deemed a paradox when they provoke the reaction “That can’t...
One of the treats of the recent Liberty Fund colloquium on the Austrian and Chicago schools of thought was getting to read or reread various excerpts...
A Book Review of Thinking Like an Economist: How Efficiency Replaced Equality in U.S. Public Policy, by Elizabeth Popp Berman.1 The thesis of University...
The Eggheads Vs The Doers Authored by Jeffrey Tucker via DailyReckoning.com, I recently spoke at one of my favorite venues, the Liberty Forum...
In this post, I would like to contrast the price theory I previously described with “microeconomics,” which is what James Buchanan refers to as the...
Most modern fairy tales have very misleading endings. There’s a phrase they almost all end with – you can probably already guess what I’m thinking:...
A Liberty Classic Book Review of The Reason of Rules: Constitutional Political Economy, by Geoffrey Brennan and James M. Buchanan.1 Geoffrey Brennan...
What China Savings Mean For World Consumer Firms By Ishika Mookerjee, Bloomberg Markets Live reporter and analyst Investors are betting...