Freeman

April 2011

Volume 61, 2011

To commemorate the 150th anniversary of the start of the Civil War, this special issue of The Freeman assembles an able cast of historians to dissect the economic and political aspects of the transformational conflict. This eye-opening analysis is performed by Jeffrey Rogers Hummel, Burton Folsom, Jr., Bradley J. Birzer, and Joseph R. Stromberg.


FEATURES

Commonwealth

MARCH 23, 2011 by DAVID PRYCHITKO

The Importance of Subjectivism in Economics

The double inequality of value.

SEPTEMBER 07, 2012 by SHELDON RICHMAN

For an exchange to take place, the two parties must assess the items traded differently, with each party preferring what he is to receive to what he is to give up.

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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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