November 2012Volume 62, 2012
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.
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.
November 14 2012 by Sandy Ikeda ,
Freeman readers know markets excel at creating new efficiencies and improving everyone’s lives in the process. The inefficiencies they create might be even more interesting, says Sandy Ikeda.
November 14 2012 by Lewis M. Andrews ,
The search for a better life often leads people to look abroad for opportunities they can’t get at home. Immigration policies that make this more difficult leave many at the mercy of smugglers and traffickers. Lewis Andrews describes the often dire consequences.
November 14 2012 by Warren C. Gibson ,
“The hangman, not the state, executes a criminal.” Ludwig von Mises’s insight into the source of human action contains a world of wisdom, says Warren Gibson.
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 J. 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 W. 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.