Economic Education
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Choosing to Remain in the Global Market Economy
“People who have actually experienced the ‘security’ that comes from insulation from market forces understand that the price they pay for this ‘security’ is far too high.” ~ Donald J. Boudreaux
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Four Ways to Get What You Want
“For most of our existence, life was solitary, poor, nasty, brutish, and short for pretty much everybody. Then we became a society of traders rather than a society of raiders.” ~ Art Carden
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What Accounts for All This Stuff?
“For anyone who is aware of the indescribable complexity and enormous productivity of the global market economy, nothing does more to drain credibility from capitalism’s critics than these critics’ apparent ignorance of this complexity and productivity.” ~ Donald J. Boudreaux
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A Dispatch From the Corporatized Dystopia: Bring on the Chains!
“If there’s still money to be made, consumers are voting for more, and it is not my prerogative, nor yours, or Bernie Sanders’, or anyone else’s to suppress those votes.” ~ Art Carden
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Yes, Twelve Dollars Is a Good Price for Two Batteries–Under the Right Conditions
“Economists are wary of the word ‘need;’ whether you need something or not is context-dependent, and I’m always amazed at how much my kids’ ‘needs’ change when they’re paying with their money rather than mine.” ~ Art Carden
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Who is “Accountable” to Whom?
“When people talk about ‘holding corporations accountable,’ they usually mean ‘accountable to observers with no serious stake in what they are doing and who bear no meaningful personal cost if their calls for accountability are misplaced.'” ~ Art Carden
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Evidence that Economic Freedom Improves Outcomes
“The four most recent decades of evidence support the claim that Thomas Jefferson made twenty-two decades ago: societies achieve the best outcomes when their governments prevent people from harming each other, but otherwise leave them alone.” ~ Antony Davies
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The Economics of Mending Wall
“Robert Frost’s masterful poem gives economists and students many opportunities to learn about property rights, self-governance, and peaceful cooperation.” ~ Byron B. Carson
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Wage and Price Controls Are Not the Answer to Inflation
“If the US imposed economy-wide price controls, as Krugman proposes, it would not stop inflation, just as the Emperor Diocletian’s economy-wide controls did not stop Roman inflation and just as the 1970s economy-wide controls did not stop US inflation.” ~ Raymond C. Niles
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Three Errors Paul Ehrlich Keeps Making
“In Ehrlich’s worldview, humanity only transgresses and can only cause harm. In Simon’s view, humanity takes primacy and the sources of its enrichment also repair many harms done to the environment, and eventually allows improvements.” ~ Vincent Geloso
-
•
Choosing to Remain in the Global Market Economy
“People who have actually experienced the ‘security’ that comes from insulation from market forces understand that the price they pay for this ‘security’ is far too high.” ~ Donald J. Boudreaux
-
•
Four Ways to Get What You Want
“For most of our existence, life was solitary, poor, nasty, brutish, and short for pretty much everybody. Then we became a society of traders rather than a society of raiders.” ~ Art Carden
-
•
What Accounts for All This Stuff?
“For anyone who is aware of the indescribable complexity and enormous productivity of the global market economy, nothing does more to drain credibility from capitalism’s critics than these critics’ apparent ignorance of this complexity and productivity.” ~ Donald J. Boudreaux
-
•
A Dispatch From the Corporatized Dystopia: Bring on the Chains!
“If there’s still money to be made, consumers are voting for more, and it is not my prerogative, nor yours, or Bernie Sanders’, or anyone else’s to suppress those votes.” ~ Art Carden
-
•
Yes, Twelve Dollars Is a Good Price for Two Batteries–Under the Right Conditions
“Economists are wary of the word ‘need;’ whether you need something or not is context-dependent, and I’m always amazed at how much my kids’ ‘needs’ change when they’re paying with their money rather than mine.” ~ Art Carden
-
•
Who is “Accountable” to Whom?
“When people talk about ‘holding corporations accountable,’ they usually mean ‘accountable to observers with no serious stake in what they are doing and who bear no meaningful personal cost if their calls for accountability are misplaced.'” ~ Art Carden
-
•
Evidence that Economic Freedom Improves Outcomes
“The four most recent decades of evidence support the claim that Thomas Jefferson made twenty-two decades ago: societies achieve the best outcomes when their governments prevent people from harming each other, but otherwise leave them alone.” ~ Antony Davies
-
•
The Economics of Mending Wall
“Robert Frost’s masterful poem gives economists and students many opportunities to learn about property rights, self-governance, and peaceful cooperation.” ~ Byron B. Carson
-
•
Wage and Price Controls Are Not the Answer to Inflation
“If the US imposed economy-wide price controls, as Krugman proposes, it would not stop inflation, just as the Emperor Diocletian’s economy-wide controls did not stop Roman inflation and just as the 1970s economy-wide controls did not stop US inflation.” ~ Raymond C. Niles
-
•
Three Errors Paul Ehrlich Keeps Making
“In Ehrlich’s worldview, humanity only transgresses and can only cause harm. In Simon’s view, humanity takes primacy and the sources of its enrichment also repair many harms done to the environment, and eventually allows improvements.” ~ Vincent Geloso