Economic Education
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No, Economists Do Not Assume Perfect Knowledge
“The perfect knowledge assumption humbles economists. Gone is the notion that we economists are the enlightened philosopher kings of the social sciences and that the rest of the naves need only listen to our sagely wisdom. Instead, we are, as Boettke, Coyne, and Leeson argue, students of society, not saviors of society. Our job is…
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Carl Menger’s Theory of Institutions and Market Processes
“Let us hope that the 150th anniversary of both the ‘marginalist’ revolution, and Menger’s distinct development of it along with his ideas about the surrounding social and market processes, can serve as the inspiration for such a rethink when thinking about man, markets and the institutions in which we live.” ~ Richard M. Ebeling
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The Raw Milk Raw Deal
“Americans don’t need government officials telling them what to do and what not to do. They do need clear, honest data and risk assessments unbiased by profit or ideological motives. The government, however, increasingly appears incapable of providing even that, even when it comes to foundational needs like nutrition.” ~ Robert E. Wright
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In Spite of Everything, the World Has Never Been So Free
“From the late 19th century to the eve of the pandemic, there were multiple crises that could have permanently eroded economic, political and civil liberties. Yet, on net, these liberties have actually expanded since the 19th century.” ~ Vincent Geloso
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Three Reasons to Reject Biden’s Tax Harmonization Scheme for “Global Minimum Taxation”
“It goes without saying that if politicians are able to create a tax cartel, it will merely be a matter of time before they ratchet up the tax rate. Simply stated, they won’t have to worry about an exodus of jobs and investment because all countries will be obliged to have the same bad approach.”…
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Bryan Caplan: A Birthday Appreciation
“Bryan Caplan is a model intellectual citizen and a model scholar. Because of his influence, I am a better economist and scholar, but importantly I am also a better husband, father, and friend. If you’re looking to sharpen your mind during a time when the world seems to be going crazy, Bryan Caplan’s commentary is…
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Covid’s Vindication of Free Movement
“This pandemic is not ending because borders were sufficiently impenetrable. But it must be said that its effects have been mitigated because many of the most essential forms of capital continued to flow. If the free movement of people, goods, and ideas could pull the world out of one of its darkest chapters, there’s no…
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Dangerous Monetary Manipulations and Fiscal Follies
“What is clear is that the types of monetary, fiscal and regulatory policies being implemented and projected by the Biden Administration, the Democrat-controlled Congress and the Federal Reserve are all leading America down a dangerous and destabilizing road, any recovery from which will not be easy or cheap.” ~ Richard M. Ebeling
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Just Because There’s No Price Doesn’t Mean There’s No Cost: Covid-19 Vaccine Edition
“The policy response to the Covid pandemic has been a master class in government failure: governments around the world have messed up their responses time and time again. It isn’t because they are bad people, necessarily, nor is it because they are incompetent. It is because ‘The Problem’ is a set of innumerable smaller problems…
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An Age of Patronage
“If we widen our scope, large companies have long donated funds to support causes they think are important or channel the values they wish to portray, often entirely detached from their business. A twenty-first century age of patronage is here. Perhaps it will support the foundation for a twenty-first century Enlightenment too.” ~ Joakim Book
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•
No, Economists Do Not Assume Perfect Knowledge
“The perfect knowledge assumption humbles economists. Gone is the notion that we economists are the enlightened philosopher kings of the social sciences and that the rest of the naves need only listen to our sagely wisdom. Instead, we are, as Boettke, Coyne, and Leeson argue, students of society, not saviors of society. Our job is…
-
•
Carl Menger’s Theory of Institutions and Market Processes
“Let us hope that the 150th anniversary of both the ‘marginalist’ revolution, and Menger’s distinct development of it along with his ideas about the surrounding social and market processes, can serve as the inspiration for such a rethink when thinking about man, markets and the institutions in which we live.” ~ Richard M. Ebeling
-
•
The Raw Milk Raw Deal
“Americans don’t need government officials telling them what to do and what not to do. They do need clear, honest data and risk assessments unbiased by profit or ideological motives. The government, however, increasingly appears incapable of providing even that, even when it comes to foundational needs like nutrition.” ~ Robert E. Wright
-
•
In Spite of Everything, the World Has Never Been So Free
“From the late 19th century to the eve of the pandemic, there were multiple crises that could have permanently eroded economic, political and civil liberties. Yet, on net, these liberties have actually expanded since the 19th century.” ~ Vincent Geloso
-
•
Three Reasons to Reject Biden’s Tax Harmonization Scheme for “Global Minimum Taxation”
“It goes without saying that if politicians are able to create a tax cartel, it will merely be a matter of time before they ratchet up the tax rate. Simply stated, they won’t have to worry about an exodus of jobs and investment because all countries will be obliged to have the same bad approach.”…
-
•
Bryan Caplan: A Birthday Appreciation
“Bryan Caplan is a model intellectual citizen and a model scholar. Because of his influence, I am a better economist and scholar, but importantly I am also a better husband, father, and friend. If you’re looking to sharpen your mind during a time when the world seems to be going crazy, Bryan Caplan’s commentary is…
-
•
Covid’s Vindication of Free Movement
“This pandemic is not ending because borders were sufficiently impenetrable. But it must be said that its effects have been mitigated because many of the most essential forms of capital continued to flow. If the free movement of people, goods, and ideas could pull the world out of one of its darkest chapters, there’s no…
-
•
Dangerous Monetary Manipulations and Fiscal Follies
“What is clear is that the types of monetary, fiscal and regulatory policies being implemented and projected by the Biden Administration, the Democrat-controlled Congress and the Federal Reserve are all leading America down a dangerous and destabilizing road, any recovery from which will not be easy or cheap.” ~ Richard M. Ebeling
-
•
Just Because There’s No Price Doesn’t Mean There’s No Cost: Covid-19 Vaccine Edition
“The policy response to the Covid pandemic has been a master class in government failure: governments around the world have messed up their responses time and time again. It isn’t because they are bad people, necessarily, nor is it because they are incompetent. It is because ‘The Problem’ is a set of innumerable smaller problems…
-
•
An Age of Patronage
“If we widen our scope, large companies have long donated funds to support causes they think are important or channel the values they wish to portray, often entirely detached from their business. A twenty-first century age of patronage is here. Perhaps it will support the foundation for a twenty-first century Enlightenment too.” ~ Joakim Book