By Amy Willis

Do you approach the world and the challenges it imposes more like a scout or a soldier? What's the difference? Both are mindsets, and bot are appropriate in particular situations, according to guest Julia Galef. In this episode, host Russ Roberts welcomes Galef to talk about her new book, The Scout Mindset, and explore...

By Arnold Kling

They have made us more risk averse and more set in our ways, more segregated, and they have sapped us of the pioneer spirit that made America the world's most productive and innovative economy. Furthermore, all this has happened at a time when we may need American dynamism more than ever before. —Tyler Cowen, The Co...

By:

Many economists, after noting that government regulations have harmful unintended consequences, advocate replacing government regulation with government-provided information. These economists see the bad consequences of having government officials make decisions for people and not allowing people to make their own deci...

Introduction Here are ten fundamental ideas to help you explore and understand the world around us using the economic way of thinking. I've written an essay on each idea and listed some reading and listening suggestions if you want to learn more. The essays are all written for a beginner but some of the ideas are subt...

By:

My meteorologist friend and sometime EconLog commenter Tom Lee had an excellent letter in today's Monterey Herald. Here it is: Humans get better at weather protection “Study blames climate change for 37% of global heat deaths” reads the Herald headline, echoing a headline syndicated across the world. Sounds sin...

By Fred L. Smith, Jr. and Braden Cox

The 1978 Airline Deregulation Act partially shifted control over air travel from the political to the market sphere. The Civil Aeronautics Board (CAB), which had previously controlled entry, exit, and the pricing of airline services, as well as intercarrier agreements, mergers, and consumer issues, was phased out under...

By:

Over the past year, the US has been hit by a pretty severe labor supply shock. Employment is sharply depressed, but wages are rising fast and companies are having trouble finding workers. At this point the question is not whether a labor supply shock exists, rather the issue is what is causing labor supply to be so dep...

By:

This is the full article that Charley Hooper and I had published in the Wall Street Journal 30 days ago.   Youth Pay a High Price for Covid Protection Leaders’ greatest failure was not focusing on the elderly, who had lower costs and far greater benefits. By Charles L. Hooper and David R. Henderso...