What's the single best thing happening in technology right now? According to entrepreneur and venture capitalist Marc Andreessen, it's the ability to live in rural Wisconsin but still earn a Silicon Valley salary. Andreessen also explains to EconTalk host Russ Roberts why software is still eating the world, why he's an...

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Inflation, defined as an increase in the general level of prices, is not directly observable more than the general price level itself (also called "overall price level").  You cannot go to your local convenience store and order one unit of GDP, asking, “How much is it?” ---that is, how much is the general price le...

By Alice Temnick

Why don’t we wonder enough about the marvels of markets? How do markets enable peaceful, productive, global cooperation?   In this episode, EconTalk host Russ Roberts introduces and reads his poetic tribute to the rich idea of spontaneous order, “It's a Wonderful Loaf”. The poem and its animated video ...

By Amy Willis

A professor at the Graduate School of Business at the University of Chicago in the 1960s and a primary figure in Chicago School Economics and in the field of Law and Economics, Harold Demsetz has contributed original research on the theory of the firm, regulation in markets, industrial organization, antitrust policy, t...

By Charles L. Hooper and David R. Henderson

"Nobody knew health care could be so complicated," was Donald Trump's now famous pronouncement on the issue. The Congressional Republicans were struggling too. Not only did they fail to reach a legislative solution, but, even worse, they were confused about where to even search for a solution. All told, health care beg...

By Ludwig Mises

Ludwig von Mises (1881-1973) first published The Theory of Money and Credit in German, in 1912. The edition presented here is that published by Liberty Fund in 1980, which was translated from the German by H. E. Batson originally in 1934, with additions in 1953. Only a few corrections of obvious typos were made for th...

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Tyler Cowen makes an interesting claim: 7. Consider a deal that does make sense: the U.S. buying Greenland from the Greenlanders and also Denmark. Can we really in essence pay the 56,000 or so residents to give up their country and territory? I agree that the Greenlanders would be unlikely to sell, ...

Science writer Julia Belluz of Vox.com talks to EconTalk host Russ Roberts about the state of epidemiology, nutrition, and the relationship between obesity and metabolism.

By David Lipton

  In late 1989 the countries of Eastern Europe broke loose from the Soviet Union, threw off communism, and began to construct democratic institutions and market-oriented economies. This great transformation is founded on the idea that freedom and prosperity can best be advanced by adopting the institutions and pr...

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Tyler Cowen makes an interesting claim: 7. Consider a deal that does make sense: the U.S. buying Greenland from the Greenlanders and also Denmark. Can we really in essence pay the 56,000 or so residents to give up their country and territory? I agree that the Greenlanders would be unlikely to sell, ...

By Amy Willis

We've heard these words so many times: We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. The idea of happiness plays a central role in our personal and pu...

By Virginia Postrel

Libertarian intellectuals and activists know that culture matters. If I had a hundred bucks for every time I'd heard someone chalk up poverty to a black box called "culture" or demand that we "change the culture" or complain that Hollywood or the universities or the media or women in general are culturally biased again...