Art Carden

Member of: FEE Faculty Network

Art Carden is an Associate Professor of Economics at Samford University’s Brock School of Business. In addition, he is a Senior Research Fellow with the Institute for Faith, Work, and Economics, a Senior Fellow with the Beacon Center of Tennessee, and a Research Fellow with the Independent Institute. His research has appeared in the Journal of Urban Economics, the Southern Economic Journal, Applied Economics, Public Choice, and Contemporary Economic Policy, and his commentaries have appeared in Forbes, USA Today, and many other outlets. He earned a BS and MA from the University of Alabama and an AM and PhD from Washington University in Saint Louis. Before joining the faculty at Samford, he taught economics at Rhodes College in Memphis, Tennessee. He is a member of the FEE Faculty Network. Visit his website.

Art Carden's Articles

Let Kids Buy What They Want

My hope and expectation is that the kids will develop better habits through experiment, trial, and error than they would had I simply told them how they should choose, or if they had wanted this bauble or that trinket and I had simply said, "No, that's a waste of money and you'll not have it."

- July 19, 2016

How Starbucks Saved My Hands and Taught Me about Economic Progress

The little green "splash stick" illustrates a powerful fact about innovation in a free and flexible economy.

- June 30, 2016

I Suspect You’re Not Reading This on Your Zune

No amount of corporate "power" can hide a failure from the discerning eye of the consuming public. 

- June 24, 2016

To Encounter Hell on Earth, Read The Gulag Archipelago

Excused by enthusiasts for socialism as the tragic excesses of Stalin’s rule, Solzhenitsyn shows that the Archipelago predated Stalin and continued after his demise.

 

- June 15, 2016

Do Immigrants Make Americans Worse Off?

If we’re serious about “making poverty history,” we should make it easier for people to move.

 

- May 06, 2016

How Amazon Turns Other People's Trash Into My Treasure

The art of business is the art of creating wealth.

- April 14, 2016

The Law of Demand

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

- November 05, 2012

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.

Cartoon Economic Policy

South Park and The Care Bears can teach us an important lesson about economics and politics.

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

- May 21, 2009

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