E. Frank Stephenson

efsephenson@berry.edu

Related Freeman Articles

Article

An Economics Lesson for the Drug Czar

Is a Reduction in Illegal Drug Expenditure Good News?

JUNE 30, 2010 by E. FRANK STEPHENSON

It Just Ain't So

T. Boone Pickens is Right About Oil Imports? It Just Ain't So!

APRIL 01, 2009 by E. FRANK STEPHENSON

The $700 billion that Americans spend annually to purchase oil from other countries (according to Pickens) is a price not a transfer. For the $700 billion we send to oil exporters, we get something in return—oil. Our receipt of millions of barrels of oil in exchange for that money is hardly a transfer. We receive a versatile commodity that can be used for everything from making plastics to fueling family vacations. The exporters receive the $700 billion that they can then use to purchase other goods and services.

Article

Dry-Cleaning Economics in One Lesson

What Caused Dry Cleaners' Hanger Prices to Double?

SEPTEMBER 01, 2008 by E. FRANK STEPHENSON

CURRENT ISSUE

November 2014

It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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