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Buchanan and Tullock‘s The Calculus of Consent influentially applies economic ideas to politics, focusing on methodological individual. However, there are a few pitfalls about...
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The central pillar of the Keynesian system is that spending drives the economy, so savings on a large scale will push the economy into...
Buchanan and Tullock‘s The Calculus of Consent influentially applies economic ideas to politics, focusing on methodological individual. However, there are a few pitfalls about...
Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly...
Birkin bags are pricey and the producer restricts its potential buyers. Unfortunately, disgruntled customers who don’t want to follow the company’s rules are now...
Historical revisionism is nothing new, and recent attempts to label an “antiracist” approach to history have wrongly been called “revisionist.” To better understand revisionism,...
Progressives blame the free market for insulin prices and want to impose price controls. But, government regulation is to blame.
Wage differences between men and women often are automatically attributed to sex discrimination against women. However, as research has shown time and again, other...
Looking for an introduction to the real story of the foundations and tragedies of the world wars? This new book by the late historian...
A new study at UC Berkeley claims that California‘s new $20 minimum wage has had no adverse economic effects. If only that were true.
A new study from the Institute for Research on Labor and Employment at UC Berkeley claims that California‘s new $20 fast food minimum wage...
The US went to war 83 years ago today with Japan‘s attack on Pearl Harbor. It ended with Japan‘s surrender after US bombers dropped...