Alex Nowrasteh
Jonathan Newman is interviewed by Andrew Wilkow.
Jeffrey Miron The standard argument for scope-of-practice (SOP) laws—and more generally, for occupational licensing—is that such regulation improves the quality of services by keeping out lower-skill providers. If so, then these government-created barriers to entry are potentially beneficial, even if they reduce supply and raise prices. One problem with
The article explores how Austrian Economics explains luxury marketing, using the iconic Hermès Birkin bag as a case study to illustrate Carl Menger's Theory of the Good and Ludwig von Mises' explanation of Human Action.
Nicolaus Copernicus is best known for his observation that the sun was at the center of our solar system, but he also made a number of astute observations about economics. His views on money included a precursor to what we know as Gresham's Law.
While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did not believe that wars lead to “just” outcomes, as war leads to destruction of civilization. The outcome of the American war of secession proved that point eloquently.
In August, the money supply grew at the fastest rate in 23 months.
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