Value and Exchange

Displaying 1 - 10 of 754

The Market Isn't a Schoolmarm: The Austrian School versus Chicago

Other Schools of ThoughtValue and Exchange

Blog10/12/2018

Unlike a moralistic schoolmarm or a government, markets do not punish or tax anyone. They merely reflect the choices we make and the values we hold.

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How Champions of the Poor Become Tyrants

Bureaucracy and RegulationPricesValue and Exchange

Blog09/28/2018

The unintended consequences of government regulation lead to even more government coercion.

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Relative Prices Matter: Why Cost-of-Living Indexes Don't Tell Us Much

Value and Exchange

Blog09/26/2018

When people change cities, they are likely to change their consumption patterns — which means a simple cost-of-living index doesn't tell us what it should.

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The Economists versus The Special Interests

Protectionism and Free TradePolitical TheoryValue and Exchange

Blog09/17/2018

In spite of claims they will benefit society overall, interventionist policies designed to benefit certain interest groups ultimately only help certain groups at the expense of everyone else.

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"Price Gouging" Sends Important Signals About Risk

PricesValue and Exchange

Blog09/14/2018

If local prices are sending the message that everything's perfectly normal, residents may be overly optimistic about the risks they face during natural disasters.

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Consumerism: Don't Blame the Market for Delivering What People Want

Philosophy and MethodologySubjectivismValue and Exchange

Blog08/28/2018

Those who oppose "consumerism" contend it is wrong to give consumers what they want if they want the wrong things.

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Defending the "Gentrifier"

U.S. EconomySubjectivismValue and Exchange

Blog08/09/2018

Gentrification gets bad press. It would appear that the gentrifier (he who engages in gentrification) is a malign exploiter, a bully, someone who takes advantage of the weak and the poor. And these are the nice things said about him.

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How Liberal Adoption Laws Helped Romania’s Orphans

HealthWorld HistoryValue and Exchange

Blog08/08/2018

People usually recoil at the idea of trading babies for money, but in the wake of Soviet deprivation, easy-adoption laws helped countless orphans in Romania.

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You Can't Run a Government "Like a Business"

Bureaucracy and RegulationFree MarketsEntrepreneurshipValue and Exchange

Blog08/03/2018

Calls for finding efficiencies in government by electing or appointing people to “run it like a business” are futile.

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Three Economics Lessons I Learned from My Dad

The EntrepreneurLabor and WagesProtectionism and Free TradeValue and Exchange

Blog07/25/2018

Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.

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