Three books to help you think like an economist

Everyone knows that there is a difference between knowing about something and knowing how to do something. The first is a superficial way of knowing, not a bad way to begin, but it is no substitute for the mastery which comes by integrating knowledge into experience. Continue Reading...

Boris Johnson: ‘Free trade needs a global champion’

In the immediate aftermath of the historic vote for Brexit, many cheered Britain’s decision to leave the European Union, hailing it as a win for freedom, democracy, and subsidiarity. Yet others were quick to claim the move was driven only by populist fear and an inward-looking protectionism. Continue Reading...

Alexandria Ocasio-Cortez’s crass Marxist materialism

During a Martin Luther King Day discussion with the writer Ta-Nehisi Coates, Representative Alexandria Ocasio-Cortez, D-N.Y., made clear that she is not just a democratic socialist but a Marxian one. Evie Fordham of Fox Business has written a helpful summary of the remarks, including Ocasio-Cortez’s concise explanation of the Marxist theory of the exploitation of labor: “No one ever makes a billion dollars. Continue Reading...