Economic Education
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The Texas Freeze: A Reality Check
“Can the Texas experience lead this nation to a better recognition of reality? Can it help politicians and administrators give priority to the concrete problems of today rather than the vague and speculative problems of the future?” ~ Jane Shaw Stroup
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Why I Believe that Covid Derangement Syndrome Is Real
“I believe this syndrome to be real and deserving of a name that grabs attention. Such attention-grabbing is warranted, because I further believe that this syndrome poses a dangerous risk to humanity that dwarfs the risk posed by SARS-CoV-2.” ~ Donald J. Boudreaux
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Socialism-in-Practice Was a Nightmare, Not Utopia
“When the French sociologist, Gustave Le Bon published The Psychology of Socialism in 1899, he feared that, ‘One nation, at least, will have to suffer it [the establishment of a socialist system] for the instruction of the world. It will be one of those practical lessons which alone can enlighten the nations that are bemused…
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W. S. Jevons (1865) on the Limits to Renewables
“William Stanley Jevons was the first intellectual to question the ability of renewables to serve as primary energies for industrial society. The deep, thorough insight of the father of energy economics remains relevant today.” ~ Robert L. Bradley Jr.
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Economic Impromptus from the Ordinary Business of Life: A Trip to the Park
“As I never tire of telling my students–though they probably tire of hearing it–economics is everywhere. The cool thing is you don’t even need to know where to look.” ~ Art Carden
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Prices Help Us Bear One Another’s Burdens
“When it comes to getting supplies to where they are most urgently needed, prices are absolutely necessary. Strangers on the other side of the world might not be texting to ask if they can help us specifically, but when they confront higher prices for water, gas, and building supplies and decide to make do with…
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Exploring Deeply the Economics of Price Controls
“Governments are fond of dictating maximum prices and minimum wages. To the economically ignorant, these policies appear humane and worthwhile. But when examined through the lens of economics, these policies are clearly revealed to be harmful to the very persons they are ostensibly meant to help.” ~ Donald J. Boudreaux
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Kevin Durant’s Genius Vivifies the Abject Stupidity of the Lockdowns
“This tragic imposition of command-and-control by politicians means progress against career-ending injuries for athletes will likely slow, the discovery of what will eventually render the internet primitive will similarly be rendered a more distant object, and then progress against diseases that still kill us will have been relatively suffocated. All so politicians could ‘do something.'”…
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A Pandemic of Ignorance
“Putting the lessons of political economy together (especially along with some elementary knowledge of statistical tricks) would have allowed Americans to better assess policymakers’ claims about Covid-19 transmission and the best ways to mitigate it and hence peacefully to resist unprecedented policies of dubious constitutionality and little scientific merit.” ~ Robert E. Wright
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Do We Really Need All These Barbecue Restaurants?
“Markets provide people with what they actually want as tested against their willingness to pay rather than what the Bernie Sanderses of the world know to be best for us. This is a feature, not a bug.” ~ Art Carden
-
•
The Texas Freeze: A Reality Check
“Can the Texas experience lead this nation to a better recognition of reality? Can it help politicians and administrators give priority to the concrete problems of today rather than the vague and speculative problems of the future?” ~ Jane Shaw Stroup
-
•
Why I Believe that Covid Derangement Syndrome Is Real
“I believe this syndrome to be real and deserving of a name that grabs attention. Such attention-grabbing is warranted, because I further believe that this syndrome poses a dangerous risk to humanity that dwarfs the risk posed by SARS-CoV-2.” ~ Donald J. Boudreaux
-
•
Socialism-in-Practice Was a Nightmare, Not Utopia
“When the French sociologist, Gustave Le Bon published The Psychology of Socialism in 1899, he feared that, ‘One nation, at least, will have to suffer it [the establishment of a socialist system] for the instruction of the world. It will be one of those practical lessons which alone can enlighten the nations that are bemused…
-
•
W. S. Jevons (1865) on the Limits to Renewables
“William Stanley Jevons was the first intellectual to question the ability of renewables to serve as primary energies for industrial society. The deep, thorough insight of the father of energy economics remains relevant today.” ~ Robert L. Bradley Jr.
-
•
Economic Impromptus from the Ordinary Business of Life: A Trip to the Park
“As I never tire of telling my students–though they probably tire of hearing it–economics is everywhere. The cool thing is you don’t even need to know where to look.” ~ Art Carden
-
•
Prices Help Us Bear One Another’s Burdens
“When it comes to getting supplies to where they are most urgently needed, prices are absolutely necessary. Strangers on the other side of the world might not be texting to ask if they can help us specifically, but when they confront higher prices for water, gas, and building supplies and decide to make do with…
-
•
Exploring Deeply the Economics of Price Controls
“Governments are fond of dictating maximum prices and minimum wages. To the economically ignorant, these policies appear humane and worthwhile. But when examined through the lens of economics, these policies are clearly revealed to be harmful to the very persons they are ostensibly meant to help.” ~ Donald J. Boudreaux
-
•
Kevin Durant’s Genius Vivifies the Abject Stupidity of the Lockdowns
“This tragic imposition of command-and-control by politicians means progress against career-ending injuries for athletes will likely slow, the discovery of what will eventually render the internet primitive will similarly be rendered a more distant object, and then progress against diseases that still kill us will have been relatively suffocated. All so politicians could ‘do something.'”…
-
•
A Pandemic of Ignorance
“Putting the lessons of political economy together (especially along with some elementary knowledge of statistical tricks) would have allowed Americans to better assess policymakers’ claims about Covid-19 transmission and the best ways to mitigate it and hence peacefully to resist unprecedented policies of dubious constitutionality and little scientific merit.” ~ Robert E. Wright
-
•
Do We Really Need All These Barbecue Restaurants?
“Markets provide people with what they actually want as tested against their willingness to pay rather than what the Bernie Sanderses of the world know to be best for us. This is a feature, not a bug.” ~ Art Carden