California has plenty of water. What it doesn't have are prices.Does California Need Rain, Rationing, or Prices?
California has plenty of water. What it doesn't have are prices.Take Back the Word “Liberal”
We must not keep conceding the use of this glorious word to the enemies of liberty. It does not belong to them. It belongs to us.Hayek’s Rules of Order
Forty years after Hayek won the Nobel Prize in economics, he is coming to be understood as much more than an economist. Who will stand on his shoulders next?Still Great, Still Ignored
In his Nobel lecture, F.A. Hayek explained why the social sciences must be conducted with humility. Intellectuals and political elites are still ignoring him.Hayek’s “Rejuvenating Event”
Despite everything wrong with the Nobel Prize in Economics, it brought F.A. Hayek's work back to life.Hayek: The Knowledge Problem
The revelation hit me like a truck: This is an order that no one can possibly comprehend in either its totality or its parts, and, as such, an order that no one can possibly control.The Truth about Savings and Consumption
Keynes suggested that saving your money might hurt the economy, as it lowers aggregate demand. Fear not. You aren't actually hurting anyone else by filling up your piggy bank. In fact, this consumerist viewpoint gets the story of economic growth entirely backward.Technology: A Threat to Liberty?
Luca Gattoni-Celli Dec 12
Technological progress can lead to some scary times. Fortunately, says Luca Gattoni-Celli, it places an unprecedented amount of power in the hands of ordinary people.The Virtue of Market Inefficiency
Sandy Ikeda Nov 14
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.