Economic Education
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GLP-1 Weight-Loss Drugs Keep Getting Cheaper: Thank Competition
Wegovy’s cash price has dropped 75 percent since 2021 as drugmakers compete directly for patients. When insurers stay out, manufacturers must win customers with lower prices. Competition is making better health more abundant.
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Elon Musk’s Paper Billions Are Vanishing
The global trillionaire count returned to zero not long after SpaceX’s IPO. Market fluctuations show the danger of imposing cash tax bills on stock-price wealth.
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Do You Know These 24 Underrated Economists?
A new collection celebrates 24 ‘Unsung Heroes’ of free-market thinking, bringing their important ideas into the spotlight.
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Admissions Standards Ration Scarce Resources
Mismatching students and institutions can hurt the very students such policies intend to help — while squandering scarce faculty talent on remedial math.
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Rediscovering the Comparative Advantage of Business Schools
Before asking students how businesses should change society, business schools should ensure they understand how businesses create value in the first place.
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‘Guns Versus Butter’: Tracing the Dark Origins of a Classic Economic Model
The phrase’s apparent origins in Nazi Germany — and its grim use during the 1930s and 1940s — highlight a basic truth: prioritizing guns over butter ultimately imposes the cost of lower living standards on ordinary citizens.
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How the Left Convinced Young People That Wealth Is Taken, Not Earned
Frustration with high costs has made younger generations more receptive to claims that wealth requires exploitation. But envy-driven attacks only limit our future opportunities.
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Harry Potter and the Deathly Economic Misconceptions
From goblin banks to unbreakable galleons, the wizarding world of Harry Potter reflects a form of folk economics that clashes with the realities of prosperity and growth.
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No, AI Won’t Make Money Obsolete
Even in a world of radical abundance, scarcity, tradeoffs, and uncertainty persist — and with them, the essential role of prices.
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After Nudging: The Rise and Fall of a Behavioral Economics Fad
In “It’s On You,” Nick Chater and George Loewenstein turn from advocates of “nudging,” subtle policy efforts to shape behavior without coercion, to critics who see it as ineffective and misleading.
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GLP-1 Weight-Loss Drugs Keep Getting Cheaper: Thank Competition
Wegovy’s cash price has dropped 75 percent since 2021 as drugmakers compete directly for patients. When insurers stay out, manufacturers must win customers with lower prices. Competition is making better health more abundant.
-
•
Elon Musk’s Paper Billions Are Vanishing
The global trillionaire count returned to zero not long after SpaceX’s IPO. Market fluctuations show the danger of imposing cash tax bills on stock-price wealth.
-
•
Do You Know These 24 Underrated Economists?
A new collection celebrates 24 ‘Unsung Heroes’ of free-market thinking, bringing their important ideas into the spotlight.
-
•
Admissions Standards Ration Scarce Resources
Mismatching students and institutions can hurt the very students such policies intend to help — while squandering scarce faculty talent on remedial math.
-
•
Rediscovering the Comparative Advantage of Business Schools
Before asking students how businesses should change society, business schools should ensure they understand how businesses create value in the first place.
-
•
‘Guns Versus Butter’: Tracing the Dark Origins of a Classic Economic Model
The phrase’s apparent origins in Nazi Germany — and its grim use during the 1930s and 1940s — highlight a basic truth: prioritizing guns over butter ultimately imposes the cost of lower living standards on ordinary citizens.
-
•
How the Left Convinced Young People That Wealth Is Taken, Not Earned
Frustration with high costs has made younger generations more receptive to claims that wealth requires exploitation. But envy-driven attacks only limit our future opportunities.
-
•
Harry Potter and the Deathly Economic Misconceptions
From goblin banks to unbreakable galleons, the wizarding world of Harry Potter reflects a form of folk economics that clashes with the realities of prosperity and growth.
-
•
No, AI Won’t Make Money Obsolete
Even in a world of radical abundance, scarcity, tradeoffs, and uncertainty persist — and with them, the essential role of prices.
-
•
After Nudging: The Rise and Fall of a Behavioral Economics Fad
In “It’s On You,” Nick Chater and George Loewenstein turn from advocates of “nudging,” subtle policy efforts to shape behavior without coercion, to critics who see it as ineffective and misleading.