Value and Exchange

According to Tom Brokaw, the "heroic consumer" is keeping the economy from falling into recession. William Anderson deconstructs the Keynesian mythology of spending. 

Neoclassical economists are apt to define away individual differences by packing them into a homogeneous category called "tastes." But this quarantines what economists should be studying.

Shelves of books have been written on Third-World poverty and its supposed cure. At last, here is one, by Hernando de Soto, that makes sense and is well worth reading.

There's a massive shortage of available kidneys for transplant. The solution is the free market, but the objections are mainly moral. Ninos Malek explains.

California's Third World-style energy crisis is a symptom of a deeper problem: pervasive economic ignorance that starts at the top. Thomas DiLorenzo reports.

Dinesh D'Souza's new book on the moral conundrum of success is one of the best popular treatments on the cultural meaning of prosperity to appear in many years. Reviewed by Jeffrey Tucker.

As layoffs mount, Brad Edmonds reflects on the purpose of the labor market, with a special focus on  academic music.

Deepak Lal, a distinguished development economist, might have entitled this book The Rise and Future Decline of the West. In his view, the nations of Western Europe first discovered the secret of economic prosperity. 

Hal Varian's math text has been the bane of economics graduate students for many years. Now he is calling for higher oil taxes. 

The dot-com shakeup reminds us that both profit and loss have social and economic merit and should be allowed to take their market-driven course, says Lew Rockwell.