October 2018 ISSUE

Predictable Irrationality and the Crisis of 2008

By Arnold Kling

A decade after the financial crisis of 2008 and its aftermath, economists are still grappling with its nature and significance. An important recent contribution is A Crisis of Beliefs, by Nicola Gennaioli and Andrei Shleifer (henceforth GS).1 They tell the story thi...

A Cure for Our Health Care Ills: The Supply Side

By Charles L. Hooper and David R. Henderson

In our previous article, "A Cure for Our Health Care Ills,"1 we debunked some persistent myths and discussed some key regulatory, spending, and insurance changes on the demand side that would make health care more affordable while not cutting, and possibly increasin...

Ludwig von Mises’s Socialism: A Still Timely Case Against Marx

By Steven Horwitz

Revisiting classic texts in economics normally needs no justification beyond the benefits that come from looking at old ideas through new eyes. As we learn and grow as readers, we see new things, are more skeptical of old things, and make connections that we never d...

The Tyranny of the National Interest

By Pierre Lemieux

Statements such as "public policy X is (or is not) in the national interest" are omnipresent. For example, Peter Navarro and Greg Autry claim that "some American CEOs" are acting against "our national interest."1 In reality, the concept of national interest is, at b...

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