David Henderson is a research fellow with the Hoover Institution and an economics professor at the Graduate School of Business and Public Policy, Naval Postgraduate School, Monterey, California. He is editor of The Concise Encyclopedia of Economics (Liberty Fund) and blogs at econlib.org.
Think about how little you know about the politics, race, gender, or even nationality of the person who makes the bread you buy. You don't know because you don't care. What you care about is getting the best deal on bread.
I would love to write that pro-Obamacare piece, but...
Employers are not sitting targets: when one form of compensation is forced up, others will be reduced.
The law will have devastating consequences, particularly for immigrants, minorities, and the less educated.
"The historical result of economic illiteracy has often been ethnic and class violence."
Trade with China has effectively reduced inequality by lowering the prices poor people pay for goods relative to the prices the rich pay.
Here's why it can take time to feel the job-destroying effect of minimum wage hikes.
Profit-seeking businesses defied the blacklist to hire Communist writers like Trumbo.
After losing his wife to a three-year battle with cancer, Dr. Pazdur is fighting to speed up drug approvals.
Terrorism works not through conquest but through scaring us into panicking, overreacting, and changing out behavior.
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