June 2023 ISSUE

Article

John Locke: Mercantilist?

By Amy Willis

I recently had occasion to read (for the first time) John Locke's "Some Considerations of the Consequences of the Lowering of Interest, and Raising the Value of Money." [SC]1 Among other things, this got me thinking about the common claim that Locke was a mercantilist.2 I th...
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Article

The Economics of Aging: Living Longer versus Living Better

By Amy Willis

The July 2021 issue of Nature Aging—one of the prestigious Nature periodicals' group—published "The Economic Value of Targeting Aging."1 It begins by asserting that changes in U.S. life expectancy and attention to "healthy aging" raise questions that biomedical scientist...
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Article

Let Go of the Zero-Sum Fallacy and Enjoy Others’ Good Fortune

By Art Carden

People believe many myths, but I suspect few are as pernicious as the zero-sum fallacy. It sees the world as a story of an unending struggle over a fixed prize such that someone who has something only has it because someone else does not. It's an understandable thing to beli...
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Book Review

Legal Safeguards Against Omnipotent Lawmakers

By Pierre Lemieux

A Book Review of Law, Legislation, and Liberty, by Friedrich A. Hayek. Jeremy Shearmur, editor.1 Friedrich Hayek's trilogy Law, Legislation, and Liberty, published in three separate volumes in 1973, 1976, and 1979, was recently republished in a single book under the ...
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Ibsen Martinez

Crime, Violence, and Development

Reflections from Latin America Jul 6 2009

The Informal Continent

Reflections from Latin America Jun 1 2009

A Painful Paradox

Reflections from Latin America May 4 2009

Latin America and the Great Depression

Reflections from Latin America Apr 6 2009

The Pyramids of Putumayo

Reflections from Latin America Jan 5 2009

Grey Anatomy

Reflections from Latin America Nov 3 2008

Some Latin American Views On the Financial Crisis

Reflections from Latin America Oct 6 2008

Indigenism and Economics

Reflections from Latin America Sep 1 2008

Guano

Reflections from Latin America Aug 4 2008

FARC Politics, FARConomics

Reflections from Latin America Jul 7 2008

Greed, Grievance, and Rainforest

Reflections from Latin America Jun 2 2008

That Haunting Chilean Model

Reflections from Latin America May 5 2008

The Pessimistic Neighbor

Reflections from Latin America Apr 7 2008

On Price Controls and Populist "DoubleThink"

Reflections from Latin America Mar 3 2008

Panama: Does Geography Matter?

Reflections from Europe Feb 4 2008

Falling Behind

Reflections from Latin America Jan 7 2008

Why Costaguana Matters

Reflections from Latin America Dec 3 2007

Aid and the Missionary's Position

Reflections from Latin America Nov 5 2007

On Beggars South of the Border

Reflections from Latin America Sep 3 2007

Latin America and the Ideology of Development

Reflections from Latin America Aug 6 2007

Nationalizations: Part II. The Never Ending Experiment

Reflections from Latin America Jul 2 2007

Nationalizations: Part I. A Latin American Story

Reflections from Latin America Jun 4 2007

Can "New" Currency Abate Venezuelan Inflation?

Reflections from Latin America May 7 2007

State of Pretense, Imitation Subjects

Reflections from Latin America Apr 2 2007

On Good Savages and Good Revolutionists

Reflections from Latin America Mar 5 2007

Brave New Word?

Reflections from Latin America Feb 5 2007

A Russian Word for a Latin American Disease

Reflections from Latin America Jan 8 2007

Milton Friedman and Latin America

Reflections from Latin America Dec 4 2006

On Guano and Dependency Theory

Reflections from Latin America Nov 6 2006

Economic Imagery: Open Veins of Latin America

Reflections from Latin America Oct 2 2006

Bolívar: 200 Years Of Failure?

Reflections from Latin America Sep 4 2006

OPEC: A Texan Idea Twice Thought In Venezuela

Reflections from Latin America Aug 7 2006

Prison Riots and Rule of Law Orthodoxy

Reflections from Latin America Jul 3 2006

Of Tin Mines, Coca Leaves and Eternal Recurrence

Reflections from Latin America Jun 5 2006

Unproductive Progress

Reflections from Latin America Apr 3 2006

Remittances and the Latin American Dream

Reflections from Latin America Apr 3 2006

Barter and "Magic Realism"

Reflections from Latin America Mar 6 2006

The Truth Will Not Be Televised

Reflections from Latin America Feb 6 2006

Latin Baseball: A Frontier Story

Reflections from Latin America Jan 9 2006

Licit Globalization

Reflections from Latin America Dec 5 2005

Global Soap: Poverty Bears a Woman's Face

Reflections from Latin America Nov 7 2005

Tepito's Way

Reflections from Latin America Oct 3 2005

The Curse of the Petro-State: The Example of Venezuela

Reflections from Latin America Sep 5 2005

"Informal Entrepreneurs" and the Telecommunications Monopoly in Caracas

Reflections from Latin America Aug 1 2005

Fred S. McChesney

Government Pensions: Such a Deal

Featured Article Feb 1 2010

Armen Alchian: An Economist-Lion in Winter

Featured Article Nov 2 2009

Indian Givers: Politicians and Tribal Gambling Casinos

Featured Article Feb 6 2006

Volunteers of America: Lessons from the New Contract Army

Article Jul 4 2005

What's Mine Is Theirs: The Ever-Shimmering Mirage of Lasting Tax Reform

Article Apr 4 2005

Good Timing: A Mutual-Fund "Scandal"?

Featured Article Jan 5 2004

Smoke and Errors

Featured Article Jun 24 2002

Enron's True Lesson: Political Opportunism

Featured Article Mar 11 2002

Historic Self-Preservation

Article Jan 7 2002

Snow Jobs

Featured Article Oct 15 2001

Richard B. McKenzie

California Leaking: People, Pipes, and Prices

Article Aug 1 2022

Professor Gordon Tullock: A Personal Remembrance on His Centennial

Article Feb 7 2022

Progressives' Desires to Help the Poor Will End Up Hurting Them Instead

Article Sep 6 2021

How the Collapse of Communism Has Undermined Faith in American Capitalism

Article Sep 7 2020

A "Hodgepodge" of State-Based COVID-19 Rules May be Just What the Doctor Ordered

Article Jun 1 2020

Market Competitiveness and Rationality: A Brain-Focused Perspective

Article Oct 7 2019

Of Diet Cokes and Brain-Focused Economics

Featured Article Mar 5 2018

Brian Williams' Fall from Grace, "False Memory," and Incentives

Featured Article Apr 6 2015

Professor Gordon Tullock: A Personal Remembrance

Featured Article Dec 1 2014

The California Water Crisis: Policing vs. Pricing?

Featured Article Sep 1 2014

Why Walking to Work Can be More Polluting Than Driving to Work

Featured Article Nov 4 2013

Popcorn As Political Pork

Featured Article Dec 3 2012

In Defense of Apple

Featured Article Jul 2 2012

How Free-Market Kidney Sales Can Save Lives—And Lower the Total Cost of Kidney Transplants

Featured Article Mar 5 2012

Predictably Irrational or Predictably Rational?

Featured Article Jan 4 2010

Economic Therapy: Comforting Pointers for Turbulent Times

Featured Article Oct 5 2009

Michael Munger

Nikole Hannah-Jones vs the UNC Board of Governors: Academic Freedom for Whom?

Article Jun 7 2021

Why Would Anyone Want Austerity?

Book Review Dec 2 2019

Anthony de Jasay: A Remembrance

Article Jun 3 2019

Market Makers or Parasites?

Featured Article Feb 2 2009

Planning Order, Causing Chaos: Transantiago

Featured Article Sep 1 2008

Orange Blossom Special: Externalities and the Coase Theorem

Featured Article May 5 2008

Bosses Don't Wear Bunny Slippers: If Markets Are So Great, Why Are There Firms?

Featured Article Jan 7 2008

The Five Sorry Rules of Lateness

Featured Article Oct 1 2007

Think Globally, Act Irrationally: Recycling

Featured Article Jul 2 2007

I'll Stick With These: Some Sharp Observations on the Division of Labor

Featured Article Apr 2 2007

They Clapped: Can Price-Gouging Laws Prohibit Scarcity?

Featured Article Jan 8 2007

Two Steves and One Soichiro: Why Politicians Can't Judge Innovation

Featured Article Oct 2 2006

Rent-Seek and You Will Find

Featured Article Jul 3 2006

A Fable of the OC

Featured Article Apr 3 2006

Unintended Consequences 1, Good Intentions 0

Article Jan 9 2006

Everybody Loves Mikey

Featured Article Aug 1 2005

The Thing Itself

Featured Article Mar 7 2005

Democracy is a Means, Not an End

Featured Article Jan 10 2005

Tragedy of the Malecon: Is Cuba “Domestic” Politics?

Featured Article Aug 2 2004

Robert P. Murphy

William Nordhaus versus the United Nations on Climate Change Economics

Article Nov 5 2018

Economists Should Be More Careful With Their Statistics

Featured Article Apr 2 2018

Does a Worker Help the Rest of Society?

Featured Article Jan 1 2018

The Private Production of Roads

Featured Article Jul 3 2017

Opting Out of Social Security

Featured Article Mar 6 2017

Pitfalls in GDP Accounting

Featured Article Nov 7 2016

Monetary Calculation as a Scorecard

Featured Article Jul 4 2016

Large Increases in the Minimum Wage Are Likely to Destroy Jobs

Featured Article Oct 5 2015

Government Debt and Future Generations

Featured Article Jun 1 2015

Accounting for Capital and Income

Featured Article Jul 7 2014

The Importance of Capital in Economic Theory

Featured Article May 5 2014

Economists Debate the Minimum Wage

Featured Article Feb 3 2014

Why Government Doesn't—and Can't—Manage Resources Like a Private Business

Featured Article Dec 2 2013

The Economics of Bitcoin

Featured Article Jun 3 2013

What Economic Research Says About Fiscal Austerity and Higher Tax Rates

Featured Article Jan 7 2013

Carbon Taxes and the "Tax Interaction Effect"

Featured Article Oct 1 2012

Modeling Money

Featured Article Jun 4 2012

Lessons From Solyndra

Featured Article Feb 6 2012

Privatizing Federal Government Assets

Featured Article Jul 4 2011

Ensuring—and Insuring—Air Security

Featured Article Feb 7 2011

The Stock Market

Featured Article Oct 4 2010

The Economics of Discrimination

Featured Article Aug 2 2010

The Costs of Government

Featured Article Apr 5 2010

The Benefits of Procrastination: The Economics of Geo-engineering

Featured Article Dec 7 2009

The Economics of Climate Change

Featured Article Jul 6 2009

Nothing Paradoxical About Thrift

Featured Article Mar 2 2009

A Man, A Plan, And a Short-Selling Ban

Featured Article Oct 6 2008

Oil Speculators: Bad or Good

Featured Article Aug 4 2008

Oil Prices

Featured Article Apr 7 2008