By Alice Temnick

Temperance….The Polish of Life (Cicero) Prolific New York Times Bestselling author and philosopher Ryan Holiday is amidst a series of books on the four cardinal virtues. He discusses the latest, Discipline is Destiny, with EconTalk host Russ Roberts in this episode. Holiday has written on courage, and he wi...

By Kevin Currie-Knight

A Liberty Classic Book Review of Education and the State: A Study in Political Economy, by E.G. West.1 As a society, we have become used to government involvement in education. We rarely subject such involvement to economic scrutiny or ask the historical question of whether its appearance was necessary. E.G. West'...

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There are times when it seems like the entire world is moving toward authoritarian nationalism. Thus it is refreshing to see a right wing party that still seems to have a few libertarian instincts. The Economist has an article on Pierre Poilievre, the new leader of Canada's Conservative Party. In some respects, his vie...

By Alexander J. Field

The growth of productivity—output per unit of input—is the fundamental determinant of the growth of a country’s material standard of living. The most commonly cited measures are output per worker and output per hour—measures of labor productivity. One cannot have sustained growth in output per person—the most...

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Joseph Stiglitz, george akerlof, and michael spence shared the 2001 Nobel Prize “for their analyses of markets with asymmetric information.” The particular market with asymmetric information that Stiglitz analyzed was the insurance market. In 1976, Stiglitz and coauthor Michael Rothschild started from the plausible...

Introducing No Due Date, our NEW Economics Books Club! No Due Date is our NEW subscription economics book club. Curated by Pete Boettke, you’ll spend a whole year reading with him exploring the best in economics and the social sciences- both classic and contemporary.   Click here to learn more a...

By James M. Buchanan and Richard E. Wagner

By Pierre Lemieux

For decades, Boeing, Bombardier, Airbus, and Embraer—aircraft manufacturers based in the United States, Canada, Europe, and Brazil, respectively—have been involved in protectionist battles that are adjudicated by the World Trade Organization. (The WTO is an international organization with 164 member states, includi...

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In a recent article for CNN, Kara Alaimo voices some concerns about speech and social media. Though she makes frequent use of the term “free speech”, what she’s really worried about is unmoderated speech - that is, speech which isn’t restrained by the platform hosting the speaker. To be clear, I believe ...