Donald J. Boudreaux
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They Can Afford It!
“Even companies with unusually high net worth cannot, in fact, afford to pay workers more than those workers contribute to the companies’ bottom lines.” ~Donald J. Boudreaux
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The Justice of an All-Volunteer Military
“A person who voluntarily enlists in the military obviously believes that that employment option is the best one for him or her. In exchange for his or her performance of military duties, that soldier or sailor is paid.” ~Donald J. Boudreaux
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Should We Panic Over Excessively Low Global Temperatures?
“We simply have no way to trace out more than a minuscule fraction of the economic consequences, positive and negative, of government efforts to alter a phenomenon as massive as the earth’s environment.” ~Donald J. Boudreaux
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Can Prosperity Feed Perceptions of Poverty?
“The only sense in which the American middle-class is disappearing economically is that an ever-increasing percentage of American households earn annual incomes that are in the upper brackets.” ~Donald J. Boudreaux
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Proletarian Capitalism
“Simply by repurposing existing personal property, Uber, Airbnb, and other sharing-economy innovations enlarge humanity’s stock of productive capital. And in doing so, these innovations also create more capitalists.” ~Donald J. Boudreaux
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Beware of the Ceiling
“Alas, most voters are ignorant of Econ 101. They don’t realize that price ceilings actually decrease buyers’ access to goods whose prices are kept artificially low by government diktats.” ~Donald J. Boudreaux
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Milton Friedman Was More Like F.A. Hayek Than He Likely Knew
“While both men won the Nobel Prize in economics – Hayek in 1974 and Friedman in 1976 – economists regard the scholarly work of Hayek as differing almost categorically from that of Friedman.” ~Donald J. Boudreaux
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Unseen Innovation
“An individual innovation is small, minuscule even. But it’s real and it improves our standard of living. Yet how many of you have noticed it? Almost none. The market, therefore, gets no credit for it.” ~Donald J. Boudreaux
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On Comparative Advantage and International Capital Mobility
“If each country specializes in its comparative advantage and trades with the other, the people of both countries gain.” ~Donald J. Boudreaux
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Capitalism Is Impersonal, Not Soulless
“Because in today’s global economy the people with whom we interact economically number literally in the billions, the percentage of these persons with whom we also interact personally is near zero.” ~Donald J. Boudreaux
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•
They Can Afford It!
“Even companies with unusually high net worth cannot, in fact, afford to pay workers more than those workers contribute to the companies’ bottom lines.” ~Donald J. Boudreaux
-
•
The Justice of an All-Volunteer Military
“A person who voluntarily enlists in the military obviously believes that that employment option is the best one for him or her. In exchange for his or her performance of military duties, that soldier or sailor is paid.” ~Donald J. Boudreaux
-
•
Should We Panic Over Excessively Low Global Temperatures?
“We simply have no way to trace out more than a minuscule fraction of the economic consequences, positive and negative, of government efforts to alter a phenomenon as massive as the earth’s environment.” ~Donald J. Boudreaux
-
•
Can Prosperity Feed Perceptions of Poverty?
“The only sense in which the American middle-class is disappearing economically is that an ever-increasing percentage of American households earn annual incomes that are in the upper brackets.” ~Donald J. Boudreaux
-
•
Proletarian Capitalism
“Simply by repurposing existing personal property, Uber, Airbnb, and other sharing-economy innovations enlarge humanity’s stock of productive capital. And in doing so, these innovations also create more capitalists.” ~Donald J. Boudreaux
-
•
Beware of the Ceiling
“Alas, most voters are ignorant of Econ 101. They don’t realize that price ceilings actually decrease buyers’ access to goods whose prices are kept artificially low by government diktats.” ~Donald J. Boudreaux
-
•
Milton Friedman Was More Like F.A. Hayek Than He Likely Knew
“While both men won the Nobel Prize in economics – Hayek in 1974 and Friedman in 1976 – economists regard the scholarly work of Hayek as differing almost categorically from that of Friedman.” ~Donald J. Boudreaux
-
•
Unseen Innovation
“An individual innovation is small, minuscule even. But it’s real and it improves our standard of living. Yet how many of you have noticed it? Almost none. The market, therefore, gets no credit for it.” ~Donald J. Boudreaux
-
•
On Comparative Advantage and International Capital Mobility
“If each country specializes in its comparative advantage and trades with the other, the people of both countries gain.” ~Donald J. Boudreaux
-
•
Capitalism Is Impersonal, Not Soulless
“Because in today’s global economy the people with whom we interact economically number literally in the billions, the percentage of these persons with whom we also interact personally is near zero.” ~Donald J. Boudreaux