Economic Education
-
•
Economics Is a Walk in the Park
“It’s a bit of a stretch to suggest that there isn’t a ‘human nature’ that responds to incentives, makes choices in the face of scarcity, and so on. If even the ducks and pigeons respond to incentives, people may do so too.” ~ Art Carden
-
•
Capitalism’s Cure for Economic Sins
“Anyone who takes economic ideas and their moral implications seriously would do well to clear space on their bookshelf for Seven Deadly Economic Sins.” ~ Richard Morrison
-
•
Taxes, Special Privileges, and “Private Enterprise”
“Income, corporation, and capital-gains taxes are taxes on the general welfare. Also harmful to the public welfare are protective tariffs and similar restrictions on how people may peacefully spend their own money.” ~ Donald J. Boudreaux
-
•
Let Them Compete: Labor Markets Are Workers’ Friends, Not Their Enemies
“Workers compete with one another for jobs, but firms compete with one another for workers. When people are allowed to compete, one’s folly becomes another’s opportunity.” ~ Art Carden
-
•
You Buy From Other Consumers, Not From Producers
“Attempts to ‘manage’ or ‘plan’ prices do nothing to address the real problem of scarcity, and often make scarcity worse. Price controls are a restriction on the ability of other consumers to have their needs met, and that’s just wrong.” ~ Michael Munger
-
•
A Foreword to Adam Smith’s The Theory of Moral Sentiments
“Admirers of The Theory of Moral Sentiments range across academic and scholarly fields and disciplines, across countries and continents, and, most remarkably, across landscapes of political ideology.” ~ Daniel B. Klein
-
•
When Equality Becomes Evil
“This economic equality thing is parent to endless harm. When it’s just an idea, it’s nonsense. When it finds its way into public policy, it’s poison. Don’t drink it.” ~ Lawrence W. Reed
-
•
Politicians and Their Reasons
“In reality, policy choices are always multifaceted and tend strongly to align with political incentives: capturing, consolidating, and expanding the reach of political influence.” ~ Peter C. Earle & April Liu
-
•
Essential Words In- And Not In- Adam Smith’s Essential Works
“Don’t leave TMS behind when reading WN. Intricate souls the actors in WN surely are. What, after all, is the inner substance of the wealth of nations?” ~ Caleb Petitt & Daniel B. Klein
-
•
What Ain’t So Can Hurt You
“It would be better for society if our leaders were humble and honest about how little they actually know. But it’s better for the candidates for leadership if they pretend to be committed to a whole dog’s breakfast of truths that just ain’t so.” ~ Michael Munger
-
•
Economics Is a Walk in the Park
“It’s a bit of a stretch to suggest that there isn’t a ‘human nature’ that responds to incentives, makes choices in the face of scarcity, and so on. If even the ducks and pigeons respond to incentives, people may do so too.” ~ Art Carden
-
•
Capitalism’s Cure for Economic Sins
“Anyone who takes economic ideas and their moral implications seriously would do well to clear space on their bookshelf for Seven Deadly Economic Sins.” ~ Richard Morrison
-
•
Taxes, Special Privileges, and “Private Enterprise”
“Income, corporation, and capital-gains taxes are taxes on the general welfare. Also harmful to the public welfare are protective tariffs and similar restrictions on how people may peacefully spend their own money.” ~ Donald J. Boudreaux
-
•
Let Them Compete: Labor Markets Are Workers’ Friends, Not Their Enemies
“Workers compete with one another for jobs, but firms compete with one another for workers. When people are allowed to compete, one’s folly becomes another’s opportunity.” ~ Art Carden
-
•
You Buy From Other Consumers, Not From Producers
“Attempts to ‘manage’ or ‘plan’ prices do nothing to address the real problem of scarcity, and often make scarcity worse. Price controls are a restriction on the ability of other consumers to have their needs met, and that’s just wrong.” ~ Michael Munger
-
•
A Foreword to Adam Smith’s The Theory of Moral Sentiments
“Admirers of The Theory of Moral Sentiments range across academic and scholarly fields and disciplines, across countries and continents, and, most remarkably, across landscapes of political ideology.” ~ Daniel B. Klein
-
•
When Equality Becomes Evil
“This economic equality thing is parent to endless harm. When it’s just an idea, it’s nonsense. When it finds its way into public policy, it’s poison. Don’t drink it.” ~ Lawrence W. Reed
-
•
Politicians and Their Reasons
“In reality, policy choices are always multifaceted and tend strongly to align with political incentives: capturing, consolidating, and expanding the reach of political influence.” ~ Peter C. Earle & April Liu
-
•
Essential Words In- And Not In- Adam Smith’s Essential Works
“Don’t leave TMS behind when reading WN. Intricate souls the actors in WN surely are. What, after all, is the inner substance of the wealth of nations?” ~ Caleb Petitt & Daniel B. Klein
-
•
What Ain’t So Can Hurt You
“It would be better for society if our leaders were humble and honest about how little they actually know. But it’s better for the candidates for leadership if they pretend to be committed to a whole dog’s breakfast of truths that just ain’t so.” ~ Michael Munger