Invisible Hand

Adam Smith Proved Ideas Matter

Adam Smith proved that ideas can change the world, and we are all immeasurably better off because of the ideas he shattered and the ones he set in motion. 

- July 20, 2015

Does “I, Pencil” Need to be Revisited?

I, Pencil showed the brilliance of market cooperation; does it need an update to show government's role?

- July 06, 2015

Against Eco-pessimism: Half a Century of False Bad News

The greenest thing we can do is innovate. The most sustainable thing we can do is change.

- June 17, 2015

Luxury and Louis CK's Really Evil Life

Peter Singer and Bernie Sanders think it's wrong to have luxuries while people are starving; they're wrong about that.

- June 01, 2015

Flooding Texas: 5 Reasons Californians are Still Moving to Texas

Economic freedom — and the jobs, affordability, and benefits that come with it — is drawing Golden Staters to Texas.

- May 29, 2015

The Concorde Fallacy: Why We Can't Quit Losing Battles

From the Concorde airliner to the Iraq War, people commit the error of reasoning from sunk costs.

- May 22, 2015

VCs, Techno-optimists and the Search for Exit

Laws and norms – our social technology – need upgrades just like our operating systems or HTML standards.

- May 13, 2015

Progress and Poverty, Then and Now

Henry George, despite his confused economics and infamous land tax, was an eloquent and passionate advocate of the free society.

- May 08, 2015

Bitcoin Is Freeing the Developing World

Bitcoin is already undermining bad institutions in developing countries. 

- April 30, 2015

Keeping Native Americans in the Dark

No person or group needs their "affairs" managed by a federal bureau to achieve prosperity.

- April 30, 2015

Obamacare and Hayek's Crystal

Government planners make the fatal error of treating the spontaneous social order as if it were an organization.

Do Capitalists Own the Market?

Capitalists steer the ship, but consumers tell them where to go.

- April 23, 2015

The Creative Destruction of New York in 47 Seconds

New York is one of the greatest achievements of human cooperation, but thanks to government bureaucrats, it's being frozen in time.

- April 22, 2015

What Does Peter Thiel Think About Startup Cities?

'If we could reopen the frontier in geopolitical terms, this would be terrific. But...'

- April 21, 2015

The Economics of Karaoke (and Other Necessities)

Market prices themselves aren’t bad — they are simply messengers conveying underlying facts about scarcity.

- April 21, 2015

Why We Should Be Optimistic About the Future

Human achievement has reached unprecedented heights, and we ain't seen nothing yet.

- April 17, 2015

Microcultures of Consumerism: The Blenders

The flourishing blender market is a microcosm of the diversity and complexity of the extended social order.

- April 14, 2015

7 Habits of Highly Effective Libertarians

The cause of liberty is worth our lifelong efforts.

- April 07, 2015

How Does Paris Get Fed?

Frédéric Bastiat, the great 19th-century economic journalist, famously asked, “How does Paris get fed?” In a nutshell, I think that’s the central question of economics.

- April 02, 2015

Incentives 101

The economic way of thinking requires looking at the incentives, not banning the consequences. 

- November 13, 2014

Ludd vs. Schumpeter

An increased use of robots will cause a dislocation of labor, which will be painful for some in the near term. But if market forces are allowed to function, the dislocation will be temporary and life will improve for everyone.

- September 17, 2014

The Virtue of Market Inefficiency

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

Hayek on Individualism

For Hayek the crucial difference is over whether societies (institutions) are largely spontaneous, emergent, and organic--or designed.

- June 15, 2012

Living Economics

Economics is far too important to be left up to professionals. 

- May 30, 2012

Gas Prices and Greed

If greed is the cause of higher prices, how do we explain falling gas prices, such as the slight decline we’re seeing this week?

- April 26, 2012

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