Economic Theory
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Hamilton’s Economic Vision Had One Crucial Blind Spot
Hamilton recognized the importance of manufacturing but overlooked the market processes that create lasting prosperity.
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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.
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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.
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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.
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After Nudging: The Rise and Fall of a Behavioral Economics Fad
In “It’s On You,” Nick Chater and George Loewenstein turn from advocates of “nudging,” subtle policy efforts to shape behavior without coercion, to critics who see it as ineffective and misleading.
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Why AI Won’t Kill The Firm
Just as scarcity can’t be fully conquered, the economic coordination problems that give rise to firms won’t disappear.
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Property Taxes Invert the Moral Order of Ownership
True reform means cutting them now and eliminating them over time.
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Ten Enduring Lessons from Adam Smith
From technocrats to central planners, the temptation to engineer society persists. Adam Smith saw the dangers clearly.
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Reflections on Four Decades of Teaching ECON 101
The most important lessons of an economic way of thinking haven’t changed much in 40 years. But the students have.
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AI Regulation: A Tale of Two Austrian Economists
If policymakers treat Big Tech’s bureaucratic stagnation as a justification for more bureaucracy, the outcome will be a self-fulfilling Schumpeterian slide into managerial socialism.
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•
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.
-
•
After Nudging: The Rise and Fall of a Behavioral Economics Fad
In “It’s On You,” Nick Chater and George Loewenstein turn from advocates of “nudging,” subtle policy efforts to shape behavior without coercion, to critics who see it as ineffective and misleading.
-
•
Why AI Won’t Kill The Firm
Just as scarcity can’t be fully conquered, the economic coordination problems that give rise to firms won’t disappear.
-
•
Property Taxes Invert the Moral Order of Ownership
True reform means cutting them now and eliminating them over time.
-
•
Ten Enduring Lessons from Adam Smith
From technocrats to central planners, the temptation to engineer society persists. Adam Smith saw the dangers clearly.
-
•
Reflections on Four Decades of Teaching ECON 101
The most important lessons of an economic way of thinking haven’t changed much in 40 years. But the students have.
-
•
AI Regulation: A Tale of Two Austrian Economists
If policymakers treat Big Tech’s bureaucratic stagnation as a justification for more bureaucracy, the outcome will be a self-fulfilling Schumpeterian slide into managerial socialism.