Production Theory

Americans have more housing choices than ever before, thanks to the automobile and modern communications. The regulators are fit to be tied, says William Anderson. 

A famed physicist warns of a market-driven genetic caste system. But the real danger is putting the government in charge of any technology.

The New England Journal of Medicine has it backwards: it's public, not private, money that skews research agendas.

Why neoclassical economists are wrong to stop short of calling for the full repeal of antitrust. 

Those glitches serve a market function: consumers prefer advanced technology to perfect technology.

In at least one area, the US economic expansion has left a trail of destruction in its wake: on it are members of the profession that pretends to forecast future economic conditions. Gene Epstein of Barron's, speaking at a Mises Institute conference, cited as an example the famous Wall Street Journal survey of economists, published on a regular basis. It represents ten years of solid failure.

The protesters and the Clinton administration are demanding higher wages in the developing world, but this would be the kiss of death for economies around the world. 

The real meaning of Thanksgiving: Plymouth was a socialist colony and it failed miserably.

Edmund S. Phelps is no right-wing extremist. Quite the contrary, he stands at the center of Keynesian orthodoxy in economics. 

Do natural disasters really produce a boost in production? (Column by Llewellyn H. Rockwell, Jr.)