Caleb S. Fuller
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Trump’s Greatest ‘Art of the Deal’
The president can escape the economic trench warfare he started in April 2025. But first, he’ll have to remember a decades-old lesson from the greatest deal he ever struck.
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Mission Accomplished? A Reality Check on Trump’s Tariffs
Triumphal rhetoric aside, the economic evidence shows tariffs delivered distortion—not a miracle.
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Frédéric Bastiat: The Jonathan Swift of Economics
“Bastiat’s collection of essays is a worthy addition to the pantheon of immortal economic satire, rightfully taking its place alongside Swift’s own Modest Proposal.” ~ Caleb S. Fuller
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Made to be Broken?
“Understanding just how and when institutions matter requires an appreciation for imperfections in governance, the socially constructed nature of rules, and the unique knowledge and motivations of entrepreneurial actors.” ~ Caleb S. Fuller
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Self-Driving Cars and the Nirvana Fallacy
“While these cars may not be perfect, that would only mean they are well-suited for planet earth, where perfection only exists among the Platonic forms—and in the minds of D.C. regulators.” ~ Caleb S. Fuller
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Entry Barriers: A Personal Disappreciation
“What I know, though, without any sophisticated econometrics, is that my own encounter with indirect grants of special privilege is not one I wish to repeat any time soon—or ever.” ~ Caleb S. Fuller
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Micro-Microeconomics
“A renewed examination of the most basic economics—the theory of the good—might yet generate a revolutionary micro-microeconomics.” ~ Caleb S. Fuller
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Will Google Ever Lose Its Monopoly?
“When Google fades into the history books, it won’t likely be due to actions taken in Washington. It will be due to the foresighted behavior of someone somewhere digitally tinkering in a garage. You know—the way Google did it.” ~ Caleb S. Fuller
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Why Studying Economics Requires Curiosity
“Studying economics requires curiosity because economics is about providing answers to social mysteries, not about condemning or praising social interaction. To make this point is to suggest that curiosity’s close intellectual cousin—humility—is also crucial to the economist’s task.” ~ Caleb S. Fuller
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Five Ways Minimum Wage Studies Fail
“We’d all do well to keep these five points in mind the next time we see a study touting that when it comes to the minimum wage there is, in fact, a free lunch.” ~ Caleb S. Fuller
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•
Trump’s Greatest ‘Art of the Deal’
The president can escape the economic trench warfare he started in April 2025. But first, he’ll have to remember a decades-old lesson from the greatest deal he ever struck.
-
•
Mission Accomplished? A Reality Check on Trump’s Tariffs
Triumphal rhetoric aside, the economic evidence shows tariffs delivered distortion—not a miracle.
-
•
Frédéric Bastiat: The Jonathan Swift of Economics
“Bastiat’s collection of essays is a worthy addition to the pantheon of immortal economic satire, rightfully taking its place alongside Swift’s own Modest Proposal.” ~ Caleb S. Fuller
-
•
Made to be Broken?
“Understanding just how and when institutions matter requires an appreciation for imperfections in governance, the socially constructed nature of rules, and the unique knowledge and motivations of entrepreneurial actors.” ~ Caleb S. Fuller
-
•
Self-Driving Cars and the Nirvana Fallacy
“While these cars may not be perfect, that would only mean they are well-suited for planet earth, where perfection only exists among the Platonic forms—and in the minds of D.C. regulators.” ~ Caleb S. Fuller
-
•
Entry Barriers: A Personal Disappreciation
“What I know, though, without any sophisticated econometrics, is that my own encounter with indirect grants of special privilege is not one I wish to repeat any time soon—or ever.” ~ Caleb S. Fuller
-
•
Micro-Microeconomics
“A renewed examination of the most basic economics—the theory of the good—might yet generate a revolutionary micro-microeconomics.” ~ Caleb S. Fuller
-
•
Will Google Ever Lose Its Monopoly?
“When Google fades into the history books, it won’t likely be due to actions taken in Washington. It will be due to the foresighted behavior of someone somewhere digitally tinkering in a garage. You know—the way Google did it.” ~ Caleb S. Fuller
-
•
Why Studying Economics Requires Curiosity
“Studying economics requires curiosity because economics is about providing answers to social mysteries, not about condemning or praising social interaction. To make this point is to suggest that curiosity’s close intellectual cousin—humility—is also crucial to the economist’s task.” ~ Caleb S. Fuller
-
•
Five Ways Minimum Wage Studies Fail
“We’d all do well to keep these five points in mind the next time we see a study touting that when it comes to the minimum wage there is, in fact, a free lunch.” ~ Caleb S. Fuller