Featured
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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.
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When Rational Individual Choices Produce Collective Waste
Why we keep paying for practices nobody wants—and what finally makes them disappear.
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What the Olympics Really Cost: Rio’s 10-Year Legacy of Debt and Destruction
Rio 2016, like many ambitious projects, combined political cronyism and weak market discipline. Ordinary Brazilians are still paying the bill.
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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.
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Free Trade: The Consensus Is Growing
What economists have argued for generations is now reflected in public opinion: Americans see free trade as the better alternative to protectionism.
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Competition Comes to College Admissions Testing
Texas has expanded college exams beyond the SAT and ACT, creating competition that rewards rigor.
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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.
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The Constitution’s Forgotten Economic Tradeoffs
The Articles of Confederation are often remembered as a failure. But their limits on taxing and commercial power offered greater protection for economic freedom than the Constitution that replaced them.
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The McNamara Fallacy Returns: How Inequality Metrics Distract From the Real Causes of Poverty
When policymakers obsess over inequality statistics, they often overlook the institutions and policies that actually keep people poor.
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Warsh Wants the Federal Reserve to Rethink the Rules
The new chairman has long argued the Fed’s own institutional habits undermine sound money. His blueprint suggests key reforms.
-
•
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.
-
•
What the Olympics Really Cost: Rio’s 10-Year Legacy of Debt and Destruction
Rio 2016, like many ambitious projects, combined political cronyism and weak market discipline. Ordinary Brazilians are still paying the bill.
-
•
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.
-
•
Free Trade: The Consensus Is Growing
What economists have argued for generations is now reflected in public opinion: Americans see free trade as the better alternative to protectionism.
-
•
Competition Comes to College Admissions Testing
Texas has expanded college exams beyond the SAT and ACT, creating competition that rewards rigor.
-
•
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.
-
•
The Constitution’s Forgotten Economic Tradeoffs
The Articles of Confederation are often remembered as a failure. But their limits on taxing and commercial power offered greater protection for economic freedom than the Constitution that replaced them.
-
•
The McNamara Fallacy Returns: How Inequality Metrics Distract From the Real Causes of Poverty
When policymakers obsess over inequality statistics, they often overlook the institutions and policies that actually keep people poor.
-
•
Warsh Wants the Federal Reserve to Rethink the Rules
The new chairman has long argued the Fed’s own institutional habits undermine sound money. His blueprint suggests key reforms.