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Art Carden

Art Carden
Art Carden

Art Carden's Articles and Posts

The Law of Demand The Freeman
The Law of Demand

Ignoring the law of demand often has perverse consequences. Art Carden has a few examples.

Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being The Freeman
Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being
In order to makes economics a more useful tool for improving institutions and society, 2001 Nobel laureate George Akerlof and Rachel Kranton study people's notion of who they are and how they behave.
The New Holy Wars: Economic Religion Versus Environmental Religion in Contemporary America The Freeman
The New Holy Wars: Economic Religion Versus Environmental Religion in Contemporary America
The TSA Makes Us Safer? The Freeman
The TSA Makes Us Safer?
Why Not Socialism? The Freeman
Why Not Socialism?
How Shall We Live? The Freeman
How Shall We Live?
Hamilton’s Curse: How Jefferson’s Archenemy Betrayed the American Revolution–and What It Means for Americans Today The Freeman
Hamilton’s Curse: How Jefferson’s Archenemy Betrayed the American Revolution–and What It Means for Americans Today
Walmart's Bottom Line The Freeman
Walmart's Bottom Line
Profit Is Bad for Your Health? The Freeman
Profit Is Bad for Your Health?
The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives The Freeman
The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives
The Great Depression and World War II The Freeman
The Great Depression and World War II
What about World War II? Did it end the Great Depression? More generally, is war good for the economy? I answer both in the negative and borrow here from Ludwig von Mises: “War prosperity is like the prosperity that an earthquake or a plague brings.” As Higgs points out, because of the array of interventions in the wartime economy, war materiel was valued incorrectly and therefore the GDP data overstate economic conditions. Moreover, conscription and arms production gave a misleading employment picture

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