Economic Theory
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How Not to Run a Household — or a Country
What if Donald Trump ran Mar-a-Lago’s economic affairs in the same way that he’s trying to run America’s? Let’s take a look.
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Should We Set an Entry Price for Immigrants?
A price mechanism would streamline immigration while keeping its enormous social and economic benefits intact.
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‘Surveillance Pricing’ Is Just Pricing
Seniors pay less for movies, students pay less for software. Tailored pricing is still disciplined by competitors and consumers, and it often means you’ll pay less.
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Decentralized Defense: How Ukraine’s Lean Military Outperforms Expectations
Ukraine’s Ministry of Defense buys from a competitive market of private firms. The Pentagon could do the same — if it chose innovation over incumbency.
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Money Isn’t a Measuring Stick — It’s a Messenger
If a dollar were constant, like an inch or an hour, trade would collapse. A core part of currency’s purpose is to contract and expand, signaling scarcity and abundance.
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Why Even Progressive Economists Are Finally Warming to Free Markets
After a bizarre era of anti-theory, new data are nudging economists back toward free markets, beginning with an apology from econ blogger Noah Smith.
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New Study: California’s $20 Minimum Wage Killed 18,000 Restaurant Jobs
Wage floors destroy opportunities, harming the poor most of all. Californians just got a hard lesson in basic economics.
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Why Do Women’s Razors Cost More? Putting the “Pink Tax” in Perspective
Women don’t seem to shy away from more-expensive products, or substitute products marketed to men. Why would they choose to pay more?
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Cash, Not Control: A Global History of Basic Income
The new book ‘Welfare for Markets’ contextualizes the centuries-long effort to disentangle social welfare investments from broken bureaucratic programs.
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The Resurgence of Do It Yourself Economics
Many national fiscal policies are steeped in lore and dogma, immune to the reasoned objections of actual economists.
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•
How Not to Run a Household — or a Country
What if Donald Trump ran Mar-a-Lago’s economic affairs in the same way that he’s trying to run America’s? Let’s take a look.
-
•
Should We Set an Entry Price for Immigrants?
A price mechanism would streamline immigration while keeping its enormous social and economic benefits intact.
-
•
‘Surveillance Pricing’ Is Just Pricing
Seniors pay less for movies, students pay less for software. Tailored pricing is still disciplined by competitors and consumers, and it often means you’ll pay less.
-
•
Decentralized Defense: How Ukraine’s Lean Military Outperforms Expectations
Ukraine’s Ministry of Defense buys from a competitive market of private firms. The Pentagon could do the same — if it chose innovation over incumbency.
-
•
Money Isn’t a Measuring Stick — It’s a Messenger
If a dollar were constant, like an inch or an hour, trade would collapse. A core part of currency’s purpose is to contract and expand, signaling scarcity and abundance.
-
•
Why Even Progressive Economists Are Finally Warming to Free Markets
After a bizarre era of anti-theory, new data are nudging economists back toward free markets, beginning with an apology from econ blogger Noah Smith.
-
•
New Study: California’s $20 Minimum Wage Killed 18,000 Restaurant Jobs
Wage floors destroy opportunities, harming the poor most of all. Californians just got a hard lesson in basic economics.
-
•
Why Do Women’s Razors Cost More? Putting the “Pink Tax” in Perspective
Women don’t seem to shy away from more-expensive products, or substitute products marketed to men. Why would they choose to pay more?
-
•
Cash, Not Control: A Global History of Basic Income
The new book ‘Welfare for Markets’ contextualizes the centuries-long effort to disentangle social welfare investments from broken bureaucratic programs.
-
•
The Resurgence of Do It Yourself Economics
Many national fiscal policies are steeped in lore and dogma, immune to the reasoned objections of actual economists.