Freeman

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Picking Piketty Apart

The superstar French economist tortures the data to fit his narrative

MARCH 31, 2015 by PHILLIP MAGNESS

The theory and data behind Capital in the Twenty-First Century are steadily being picked apart.

Feature

Lower Oil Prices: Dark Cloud or Silver Lining?

Current deflation is a good thing for the US economy

MARCH 30, 2015 by TYLER WATTS, NICHOLAS CUROTT

The plummeting price of oil is great news — not just for drivers, but for all consumers. So why are some economists so intent on seeing cheaper goods as bad news?

Feature

The Silk Road Back to Leviathan?

Does Dread Pirate Roberts’s fate destroy the dream of justice without the state?

MARCH 25, 2015 by ROBERT P. MURPHY

In evaluating stateless experiments like Silk Road, we have to ask, "As compared with what?" Certainly not an ideal. Try comparing Ross Ulbricht with Richard Nixon in Indochina.

THE ARENA

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Given v. Diedrich on Voting

Do you believe voting advances liberty?

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CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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Essential Works from FEE

Economics in One Lesson (full text)

By HENRY HAZLITT

The full text of Hazlitt's famed primer on economic principles: read this first!


By FREDERIC BASTIAT

Frederic Bastiat's timeless defense of liberty for all. Once read and understood, nothing ever looks the same.


By F. A. HAYEK

There can be little doubt that man owes some of his greatest suc­cesses in the past to the fact that he has not been able to control so­cial life.


By JEFFREY A. TUCKER

Leonard Read took the lessons of entrepreneurship with him when he started his ideological venture.


By LEONARD E. READ

No one knows how to make a pencil: Leonard Read's classic (Audio, HTML, and PDF)