Economic Theory
-
•
Economists Are Not Blind to the Full Range of Human Motivations
The fact that economists describe consumption as an end does not mean they dismiss humanity’s higher purposes.
-
•
When Rational Individual Choices Produce Collective Waste
Why we keep paying for practices nobody wants—and what finally makes them disappear.
-
•
Can a Freely Given Coconut Begin Civilization?
Trust precedes trade. Our natural empathy, our desire to see others do well, cultivates social order and generates the wealth of nations.
-
•
Tariffs Didn’t Rebuild Factories. They Fueled a Lobbying Boom.
When government decides who pays and who is exempt, businesses rationally redirect resources from investment to lobbying and favor seeking.
-
•
‘Pink’ Prices Aren’t Prejudice
Similar consumer products can command different prices. Critics call the pattern a “pink tax,” but it’s neither arbitrarily imposed nor impossible to avoid.
-
•
Entrepreneurship Requires More Than a Million-Dollar Idea
The entrepreneur’s challenge is creating value others want to buy. They don’t start with a perfect idea, but with a willingness to listen and learn.
-
•
Hamilton’s Economic Vision Had One Crucial Blind Spot
Hamilton recognized the importance of manufacturing but overlooked the market processes that create lasting prosperity.
-
•
Recessions as Murder Mysteries: Are Business Cycles Just a Myth?
In his new book ‘Recession,’ economist Tyler Goodspeed argues that economic downturns are caused by real shocks, not predictable business cycles.
-
•
Could Inflation Help Explain Falling Birth Rates?
Jeffery Degner’s recent book makes the case that monetary policy reshapes time preference, and with it, decisions about family formation.
-
•
What Hayek Tells Us About the Limits of War Planning
F.A. Hayek’s insights challenge the idea of rational war: outcomes depend on dispersed, tacit knowledge no planner can fully access or control.
-
•
Economists Are Not Blind to the Full Range of Human Motivations
The fact that economists describe consumption as an end does not mean they dismiss humanity’s higher purposes.
-
•
When Rational Individual Choices Produce Collective Waste
Why we keep paying for practices nobody wants—and what finally makes them disappear.
-
•
Can a Freely Given Coconut Begin Civilization?
Trust precedes trade. Our natural empathy, our desire to see others do well, cultivates social order and generates the wealth of nations.
-
•
Tariffs Didn’t Rebuild Factories. They Fueled a Lobbying Boom.
When government decides who pays and who is exempt, businesses rationally redirect resources from investment to lobbying and favor seeking.
-
•
‘Pink’ Prices Aren’t Prejudice
Similar consumer products can command different prices. Critics call the pattern a “pink tax,” but it’s neither arbitrarily imposed nor impossible to avoid.
-
•
Entrepreneurship Requires More Than a Million-Dollar Idea
The entrepreneur’s challenge is creating value others want to buy. They don’t start with a perfect idea, but with a willingness to listen and learn.
-
•
Hamilton’s Economic Vision Had One Crucial Blind Spot
Hamilton recognized the importance of manufacturing but overlooked the market processes that create lasting prosperity.
-
•
Recessions as Murder Mysteries: Are Business Cycles Just a Myth?
In his new book ‘Recession,’ economist Tyler Goodspeed argues that economic downturns are caused by real shocks, not predictable business cycles.
-
•
Could Inflation Help Explain Falling Birth Rates?
Jeffery Degner’s recent book makes the case that monetary policy reshapes time preference, and with it, decisions about family formation.
-
•
What Hayek Tells Us About the Limits of War Planning
F.A. Hayek’s insights challenge the idea of rational war: outcomes depend on dispersed, tacit knowledge no planner can fully access or control.