Related Freeman Articles
FEBRUARY 22, 2013 by TYLER WATTS
Think scarce resources demand a centralized rationing system? Think again--prices can do the work a lot more efficiently.
OCTOBER 18, 2012 by TYLER WATTS
Politicians love blaming economic troubles on outsourcing. But outsourcing is fundamental to the creation of wealth--and it happens constantly, with nearly everything we buy, explains Tyler Watts.
It's the division of labor, that is, cooperation.
AUGUST 27, 2012 by TYLER WATTS
Economics makes clear that outsourcing is not the problem; the problem is scarcity. Outsourcing is (part of) the solution.
Take a closer look.
AUGUST 15, 2012 by TYLER WATTS
Government spending can boost short-term indicators, but that's not the same as sustaining the long-term health of the economy. In fact, spending tends to obscure its true condition, if not prolong the problems.