economics

February 14, 2022

Terrorists and your valentine have more in common than you think

Economics is the study of human action; it’s the study of individuals making choices. As a result, we can use the “economic way of thinking” to understand the decisions people make when it comes to all types of behavior, including dating and marriage, Spring break and Vegas vacations, and, yes, even why terrorists commit acts of violence or voluntarily die for their cause. Continue Reading...

January 05, 2022

North Korea’s economic and cultural reversals mark Kim Jong-un’s 10th anniversary

Communism has spawned only one full-scale monarchy: the Democratic People’s Republic of Korea. On December 17, 2011, 70-year-old Dear Leader Kim Jong-il died. That very same day, Kim’s 27-year-old son, Kim Jong-un, was put forth as the “Great Successor” and surrounded by elderly “mentors” who were supposed to guide him as he took over the leadership. Continue Reading...

December 16, 2021

Inflation is real and we’re experiencing the costs and consequences

Generally, the topic of inflation is considered dry and uninteresting, but it is one that has garnered much attention and debate over the past year. There are competing narratives as to what inflation is and why it matters, and even whether the U.S. Continue Reading...

December 07, 2021

The problem of the atheist economist

There is much in the classical liberal economist that I find attractive. By classical liberal, I do not mean the sort of political liberalism that defaults to certain presumptions of big government. Continue Reading...

December 02, 2021

Give thanks for economic efficiency

I have never been to an event or cocktail party where raising the issue of economic efficiency engendered a particularly emotional discussion or any level of enthusiasm. I have never been to a Thanksgiving dinner table where someone gave thanks for GDP growth. Continue Reading...

November 06, 2021

Despite displays of strength, China has key weaknesses

The recent announcement that China had tested something akin to a Fractional Orbital Bombardment System, which is launched into space and then orbits the globe before discharging a missile at its target, underscored yet again that America and its allies have serious grounds to be worried about China. Continue Reading...

October 09, 2021

Rising to the challenges of ‘so-so automation’

Fears about job loss and human obsolescence continue to consume the cultural imagination, compounded by ongoing strides in artificial intelligence and machine learning. The job-killing robots are almost at the door, we are told, mere moments away from replacing the last traces of human inefficiency and heralding the dawn of a world without work. Continue Reading...

September 15, 2021

Sri Lanka’s organic farming mandate leads to food shortage, economic emergency

In April, the Sri Lankan government banned the import and use of fertilizers and agrochemicals, including insecticides and herbicides, marking a significant step in their goal to become the world’s first country to produce 100% organic agriculture. Continue Reading...

September 10, 2021

Freedom and free stuff: How prudence preserves liberty

What is the relationship between freedom and government redistribution? Can the two coexist? Some believe there is a negative correlation between the two because free economies are often associated with less government intervention. Continue Reading...

< Previous 1 2 3 4 5 6 … 66 Next >