Why Faster Is Often Better, But Not Always
Booms and busts are brewing in the real economy, but computers that can quickly solve math problems won't tell you much about how business cycles work.
Production Theory
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Industrial Policy Is Still a Loser
Stiglitz wants to revitalize industrial policy through greater government intervention to favor certain technologies over others, writes Stewart Dompe and Adam C. Smith.
When Steelers Steal
In a free economy, firms threatened with competition often respond by searching for ways to increase efficiencies and improving on economies of scale and scope.
Even the Feds Admit Minimum Wages Cause Unemployment
There is a little-known loophole in federal law that allows for people with disabilities to be employed at wage rates below the minimum wage. Why the exemption? It’s an effort to lessen unemployment among the disabled, and a tacit admission in federal law that minimum wages cause unemployment.
How Smugglers Made America
Smuggling has often played a pivotal role in important events and episodes in American history, writes Mark Thornton.
The High Cost of Minimum Wages
Swiss voters recently rejected a proposal to introduce the world’s highest minimum wage, writes Benjamin M. Wiegold.
How Consumers Rule In a Free Economy
One of Carl Menger’s contributions was his primacy of the consumer in determining value and price, not only in the marketplace but in all economic
Why They Hate Peace
War increases government spending, inhibits free trade, and lays the foundation for numerous future conflicts, writes Ron Paul.
52. The Myth of the Male/Female Wage Gap
Section Six: Truth and Lies about Markets. Narrated by Harold L. Fritsche.
