Economic Education
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The Fallacies of the Investment Theory of Politics
The argument that politics is controlled by some of the wealthy and run for their benefit is largely correct, but the conclusion should be that we should restrict their opportunity to do this by limiting politics and government, not that we should expand them.
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Say What You Will about Markets, They Give You a Genuine Say
The say that you have in the market is always real and effective.
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Teen Vogue’s Naive Take on Capitalism
If you were to take Teen Vogue’s word for it, you would think that capitalism is “exploitative and leads to a brutally divided society that tramples the working classes in favor of fattening the rich’s wallets.”
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The Horrifying Cronyism of Sugar Production
When people think about Halloween, they think about candy, children in costumes, and scary decorations. I think about all these things too, obviously, but I find myself thinking also about sugar subsidies.
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George Gilder at AIER: Life After Google (Full Video)
George Gilder’s recent book might be his biggest seller yet, and this is after a career of rocking both the intellectual and political worlds with visionary works that have anticipated and then defined the technological and policy trends of the times. His book is Life After Google, and its focus is on the rise of…
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The Lighthouse Myth
It is quite true that a standard bilateral fee-for-service arrangement would fail to provide enough lighthouses — at first. But that failure would have consequences.
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The Real Achievement of Federalism
Madison would be horrified to see the extent to which his federalist vision has failed to endure. Fiscal power has become increasingly centralized, with the federal government taking over more and more state functions.
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Capitalists Get Rich but Consumers Capture the Benefits
Producers, on average, capture a 2.2 percent of the total benefits of their successful introduction into markets of technological advances. A whopping 97.8 percent of those benefits are enjoyed by people each of whom as a consumer did nothing other than exercise his right to spend his money on those options that he judges best for…
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A Crisis of Rigor in the Academy
What a recent academic hoax reveals is a pervasive problem of declining scholarly rigor afflicting certain parts of the academy.
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The Revolutionary Economic Achievement of Platforms
Twenty years from now, people will look back at our current practices of exclusive ownership and storage with bewilderment. They will wonder what life was like before platforms made our lives richer, better, and less wasteful.
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•
The Fallacies of the Investment Theory of Politics
The argument that politics is controlled by some of the wealthy and run for their benefit is largely correct, but the conclusion should be that we should restrict their opportunity to do this by limiting politics and government, not that we should expand them.
-
•
Say What You Will about Markets, They Give You a Genuine Say
The say that you have in the market is always real and effective.
-
•
Teen Vogue’s Naive Take on Capitalism
If you were to take Teen Vogue’s word for it, you would think that capitalism is “exploitative and leads to a brutally divided society that tramples the working classes in favor of fattening the rich’s wallets.”
-
•
The Horrifying Cronyism of Sugar Production
When people think about Halloween, they think about candy, children in costumes, and scary decorations. I think about all these things too, obviously, but I find myself thinking also about sugar subsidies.
-
•
George Gilder at AIER: Life After Google (Full Video)
George Gilder’s recent book might be his biggest seller yet, and this is after a career of rocking both the intellectual and political worlds with visionary works that have anticipated and then defined the technological and policy trends of the times. His book is Life After Google, and its focus is on the rise of…
-
•
The Lighthouse Myth
It is quite true that a standard bilateral fee-for-service arrangement would fail to provide enough lighthouses — at first. But that failure would have consequences.
-
•
The Real Achievement of Federalism
Madison would be horrified to see the extent to which his federalist vision has failed to endure. Fiscal power has become increasingly centralized, with the federal government taking over more and more state functions.
-
•
Capitalists Get Rich but Consumers Capture the Benefits
Producers, on average, capture a 2.2 percent of the total benefits of their successful introduction into markets of technological advances. A whopping 97.8 percent of those benefits are enjoyed by people each of whom as a consumer did nothing other than exercise his right to spend his money on those options that he judges best for…
-
•
A Crisis of Rigor in the Academy
What a recent academic hoax reveals is a pervasive problem of declining scholarly rigor afflicting certain parts of the academy.
-
•
The Revolutionary Economic Achievement of Platforms
Twenty years from now, people will look back at our current practices of exclusive ownership and storage with bewilderment. They will wonder what life was like before platforms made our lives richer, better, and less wasteful.