Latest Posts

September 12, 2017

The monopoly markup

Note: This is post #48 in a weekly video series on basic microeconomics. Ever wonder why pharmaceuticals are so expensive? In this video by Marginal Revolution University, Alex Tabarrok shows how low elasticity of demand results in monopoly markups. Continue Reading...
September 11, 2017

The archbishop of Canterbury eyes a ‘broken’ economy

  Defending the free market and advocating for ever-greater access to capital is of paramount importance during uneven economic patches. That is how Christians should greet comments from Justin Welby, the archbishop of Canterbury, who recently said that the economy is “broken.” Continue Reading...
September 11, 2017

5 Facts about the 9/11 aftermath

Today marks the 16th anniversary of the worst terrorist attack ever on American soil. Here are five facts you should know about what happened in the aftermath of the events on September 11, 2001: 1. Continue Reading...
September 07, 2017

Prince William, Princess Kate, and the hope of Europe’s economic future

As Americans enjoyed a long Labor Day weekend, Prince William and Princess Kate announced they will soon welcome their third child into the world. Aside from its historical importance for the lineage of the House of Windsor, their pregnancy provides a hopeful contrast with much of Europe facing the economic consequences of a demographically barren and graying future. Continue Reading...