November 2012Volume 62, 2012
Lewis Andrews explains how tight immigration controls leave innocent people vulnerable to human traffickers; Warren C. Gibson explores one of Mises’s most important principles, Isaac Morehouse uses fantasy football to illustrate a fundamental economic concept; Sandy Ikeda discusses how market inefficiencies create value; and much, much more.
OCTOBER 16, 2012 by SARAH SKWIRE
Everyone knows The Man in the Gray Flannel Suit is about how commerce strangles the spirit, right? They should try reading it, says Sarah Skwire.
OCTOBER 17, 2012 by STEVEN HORWITZ
Economists know that just making more stuff isn't the same as productivity--it has to be stuff people want, at prices they're willing to pay. The nation's most famous newspaper doesn't seem to get this, so Steven Horwitz delivers a lesson in basic economics.
OCTOBER 22, 2012 by ARTHUR FOULKES
Despite the bad rap it gets, free trade is the key to economic progress. Arthur Foulkes has the details.
OCTOBER 22, 2012 by FRED E. FOLDVARY
Fred Foldvary says profit isn't quite as sinple a concept as it might seem at first glance.
OCTOBER 24, 2012 by MAX BORDERS
Trade begins with the private inner states of individuals,who value things differently. This is great news for people seeking their own happiness, Max Borders explains, and bad news for people who think they can legislate the happiness of others.
OCTOBER 29, 2012 by ALEX SALTER
Central planning can't deliver resources efficiently because it ignores the full complexity of the price system.Alex Salter lays it out.
OCTOBER 31, 2012 by RICHARD W. FULMER
Inflation wouldn't be so hard to understand if it wasn't wrapped up in so much untruth, wishful thinking, and misdirection, Richard Fulmer says.
NOVEMBER 05, 2012 by ART CARDEN
Ignoring the law of demand often has perverse consequences. Art Carden has a few examples.
NOVEMBER 07, 2012 by ISAAC M. MOREHOUSE
Don't let the "fantasy" in fantasy football fool you: The game illustrates some crucial points about opportunity costs and comparative advantage. Isaac Morehouse has been keeping score.
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.
OCTOBER 25, 2012 by DONALD BOUDREAUX
Market failure, thought a slippery concept, does not necessarily call for government intervention. On the contrary, markets are better than political institutions at minimizing the frequency and severity of poor decision-making.
NOVEMBER 01, 2012 by BURTON FOLSOM
President Roosevelt's promotion of his Economic Bill of Rights crystallized the rising dominance of statist ideas; the rights he asserted only have meaning if government is the source of all rights.
NOVEMBER 08, 2012 by WALTER E. WILLIAMS
No evidence of any kind suggests that we would be sorted proportionally by race, sex, nationality, or any other human characteristic were it not for discrimintation. Nevertheless, much of our thinking, policy, and litigation is based on an assumption of proportionality.