Jeffrey Miron To a first approximation, economic policies target one of two objectives: efficiency (growing the economic pie) or redistribution (reallocating the economic pie). Alas, most politicians favor the latter, which typically shrinks the economic pie and often reallocates in perverse ways. Presidential candidates Kamala Harris and
James A. Dorn In October 1994, I was a visiting scholar at Fudan University in Shanghai. During my stay, I gave a series of lectures and received the Chinese edition of Economic Reform in China: Problems and Prospects, originally published in 1990 by the University of
Amendment 79 isn't about legalizing abortion. It's about ripping off the taxpayers.
The common perception is that businesses set prices at a level that always earns them profits. However, as Carl Menger first pointed out in 1871, the process of determining value and setting prices is different than what is commonly believed.
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way. This stands against Keynesianism, which leads an economy to ruin.
Anthony Blinken‘s term as US Secretary of State will be ending, although not soon enough.
Opponents of President Biden‘s immigration policies have resorted to suing the Environmental Protection Agency to claim mass immigration harms the environment.
In this episode, Murphy clarifies what is right and wrong on comparative advantage.