The global pandemic, and the proper response to it, force us to critically examine the line between the need to respect individual rights and the desire to limit the virus’s spread. Articles See More Neera K. Badhwar Mar 16th, 2020 Cronyism: A Toxic Friendship between Business and Government When the government’s rules favor incumbent firms at the expense of current and potential competitors, we all lose. Paul Meany Jan 24th, 2020 Mencius: The Predecessor to Classical Liberalism Mencius believed that the state ought to promote the virtuous flourishing of its people. Steven Horwitz Jan 10th, 2020 Advertising’s Value in the Economy of Attention Advertising alerts consumers to the existence of options they didn’t know they had. Steven Horwitz Jan 8th, 2020 The Social Harms of Taxing Private Wealth Taxing private wealth isn’t putting idle resources to use; it’s uprooting resources already being put to productive ends in the economy. Sanford Ikeda Dec 18th, 2019 “Cost” & “Price” are Not Interchangeable Economic Concepts There is a distinct difference between the cost of things and the price of things. Cost influences price through changes in supply. Steven Horwitz Dec 5th, 2019 Wealth Tax Advocates Muddle Stocks and Flows The principles of sound economic analysis shouldn’t be tossed out the window when they’re politically inconvenient. Michael D. Tanner Dec 3rd, 2019 America’s Middle Class Gets More Welfare Than the Poor Programs for the poor are only a tiny portion of the U.S. welfare state. Ross Emmett Nov 13th, 2019 Why Libertarians Should Read Frank Knight Frank Knight was a staunch defender of free markets and a key figure in the Chicago School of Economics. Jon Murphy Nov 7th, 2019 A Tale of Two Externalities: Technical and Pecuniary Which is a sign of the market working; pecucinary externalities or technical externalities? Aeon Skoble Oct 28th, 2019 No, the State Shouldn’t Pay Homemakers Government stipends for homemakers are back in the news–but the case for such payments falls apart under scrutiny. Steven Horwitz Oct 2nd, 2019 In Emergencies, Price Controls Are (Still) Harmful When dire emergencies loom, like catastrophic hurricanes, price controls do everything but help alleviate the situation. Paul Matzko Sep 11th, 2019 Hayek vs. Beveridge on the Welfare State: Reactions to Hayek The Road to Serfdom arrived in the spotlight just as public opinion was turning against the New Deal. Paul Matzko Aug 5th, 2019 Hayek vs. Beveridge on the Welfare State: In Dialogue Beveridge’s and Hayek’s dispute over expert control of economic and social policy was a manifestation of a much deeper disagreement, known as the “Knowledge Problem”. Jon Murphy Jul 23rd, 2019 What Theory Won’t Tell You About Public Goods When theory is applied to actual cases, economic goods don’t always fit neatly into theoretical categories like “public goods” and “private goods.” Art Carden Jul 18th, 2019 Externalities What are externalities, in the economic sense of the word? In what ways can they be addressed?