Economic Education
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Is Free Trade Elitist?
“Intellectuals almost always feature prominently on any side of any debate over any issue. Free trade is nothing more, or less, than freedom and fairness. The notion that it is an elitist scheme is a grotesque canard.” ~ Donald J. Boudreaux
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Economics and the Picture Show, Part Two
“Casablanca is a political econo-drama trading in the existential currency of life, death, and love couched in the aesthetic aspirations of art.” ~ Robert Edward Gordon
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Americans Don’t Hate Work, They Hate the Workplace
“We can build alternative institutions and parallel economies that create opportunities for hard-working Americans who won’t be pushed around.” ~ Austin Stone
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How Hayek Can Transform Our Ingratitude into Gratitude
“Understanding Hayek transforms our thinking into a rich appreciation of how individuals cooperate and bring forth the miracles of the modern economy. With the opening of eyes long closed, our ingratitude becomes gratitude.” ~ Barry Brownstein
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What’s Wrong with “Neoliberal Economics”?
“In practice, ‘neoliberal’ economics often results in a cycle of ‘stimulus’ (Keynesian-type deficit spending) followed soon afterwards by “austerity” (higher taxes). The weaker economy that results pushes governments back toward a cycle of ‘stimulus.'” ~ Nathan Lewis
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Should We Help Workers Who Lose Jobs to Imports?
“Too much of the discussion about job destruction and worker transition rests on the questionable assumption that all actors in markets, including workers, are either myopic or quite unintelligent (or both).” ~ Donald J. Boudreaux
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Don’t Blame the “Greedy Wealthy”
“The problem is that we have already spent hundreds of billions of dollars on programs to end poverty, and yet there is still….poverty.” ~ Michael C. Munger
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Twilight of the NYC Pizza Principle
“The link between NYC subway fares and the price of a pizza slice ended a few years back, but the death of .99 cent slices suggests that relative price changes are now confounding the most formidable business talents.” ~ Peter C. Earle
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Risk, Uncertainty and Profit 100 Years Later
“It is the special function of the entrepreneur to generate unpredictable change and the economic profit or loss, progress or mistakes, that result from it.” ~ Alex J. Pollock
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Once Again, There’s No Such Thing as Market Fundamentalism
“I prefer to stick with Leonard Read and complete economic liberty. That is not because I have ‘faith’ in the market. When faced with that criticism once, the great economist Thomas Sowell rightly responded, ‘I don’t have faith in the market; I have evidence about the market.'” ~ George Leef
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•
Is Free Trade Elitist?
“Intellectuals almost always feature prominently on any side of any debate over any issue. Free trade is nothing more, or less, than freedom and fairness. The notion that it is an elitist scheme is a grotesque canard.” ~ Donald J. Boudreaux
-
•
Economics and the Picture Show, Part Two
“Casablanca is a political econo-drama trading in the existential currency of life, death, and love couched in the aesthetic aspirations of art.” ~ Robert Edward Gordon
-
•
Americans Don’t Hate Work, They Hate the Workplace
“We can build alternative institutions and parallel economies that create opportunities for hard-working Americans who won’t be pushed around.” ~ Austin Stone
-
•
How Hayek Can Transform Our Ingratitude into Gratitude
“Understanding Hayek transforms our thinking into a rich appreciation of how individuals cooperate and bring forth the miracles of the modern economy. With the opening of eyes long closed, our ingratitude becomes gratitude.” ~ Barry Brownstein
-
•
What’s Wrong with “Neoliberal Economics”?
“In practice, ‘neoliberal’ economics often results in a cycle of ‘stimulus’ (Keynesian-type deficit spending) followed soon afterwards by “austerity” (higher taxes). The weaker economy that results pushes governments back toward a cycle of ‘stimulus.'” ~ Nathan Lewis
-
•
Should We Help Workers Who Lose Jobs to Imports?
“Too much of the discussion about job destruction and worker transition rests on the questionable assumption that all actors in markets, including workers, are either myopic or quite unintelligent (or both).” ~ Donald J. Boudreaux
-
•
Don’t Blame the “Greedy Wealthy”
“The problem is that we have already spent hundreds of billions of dollars on programs to end poverty, and yet there is still….poverty.” ~ Michael C. Munger
-
•
Twilight of the NYC Pizza Principle
“The link between NYC subway fares and the price of a pizza slice ended a few years back, but the death of .99 cent slices suggests that relative price changes are now confounding the most formidable business talents.” ~ Peter C. Earle
-
•
Risk, Uncertainty and Profit 100 Years Later
“It is the special function of the entrepreneur to generate unpredictable change and the economic profit or loss, progress or mistakes, that result from it.” ~ Alex J. Pollock
-
•
Once Again, There’s No Such Thing as Market Fundamentalism
“I prefer to stick with Leonard Read and complete economic liberty. That is not because I have ‘faith’ in the market. When faced with that criticism once, the great economist Thomas Sowell rightly responded, ‘I don’t have faith in the market; I have evidence about the market.'” ~ George Leef