He lost his childhood homes, dozens of family members, and most of his hearing in his left ear to Israeli bombs, yet Ahmed Fouad Alkhatib insists that Palestinians must also take responsibility for Gaza’s destruction and for peace. Most Gazans, he insists, have turned against Hamas for oppressing them, enriching itself, and bringing catastrophe to… MORE
08/31/2026
1 min
Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication called The Fitzwilliam. Most relevant to us, on his personal blog, he writes a popular link roundup; what follows is an abridged version of his Links for July. Blogs and short links 1. Questions that… MORE
08/28/2026
By Sam Enright
17 min
Has the earth been visited by extraterrestrials? Are we alone? Despite no formal evidence for conscious life outside of earth, the belief that we are not alone has become more common among both scientists and everyday people. Listen as author Adam Kirsch talks to EconTalk host Russ Roberts about the urge to believe that there… MORE
08/24/2026
1 min
People conspire all the time. Firms collude. Politicians bargain behind closed doors. Militaries deceive their enemies. But other conspiracies are detected, or they do not last long. Why do some remain secret while others are revealed? A simple game theory model can help illustrate that the probability of a conspiracy being revealed depends on the… MORE
08/21/2026
By Jon Murphy
7 min
Economic analysis as a way of thinking can be understood as both a science and an art. As a science, economic analysis takes as its analytical starting point that human beings are striving to do the best that they can, given their particular circumstances of time and place. The art of economic analysis is to… MORE
11/06/2023
By Rosolino Candela
7 min
“A decentralized order is possible. Indeed, it is natural for human societies to achieve such an order, rather than degenerate into the Hobbesian war of all against all.” Mark S. Weiner’s The Rule of the Clan1 makes a libertarian case for a strong central state. In it, he directly challenges what many libertarians currently believe.… MORE
05/06/2013
By Arnold Kling
12 min
Suppose that Gazans, the residents of Gaza, were called Hamassians, from the name of the organization, Hamas, that rules over them. Strangely, that’s the way most people in the world are labeled and speak of themselves: Italians are governed by ”Italy,” the French (les Français) by “France,” the Canadians by “Canada.” The same ambiguity exists… MORE
10/27/2023
By Pierre Lemieux
3 min
The twentieth century witnessed the unparalleled expansion of government power over the lives and livelihoods of individuals. Much of this was the result of two devastating world wars and totalitarian ideologies that directly challenged individual liberty and the free institutions of the open society. Other forms of expansion in the provision of social welfare and… MORE
02/25/2020
5 min
On April 10, 2013, Liberty Fund and Butler University sponsored a symposium, “Capitalism, Government, and the Good Society.” The evening began with solo presentations by the three participants–Michael Munger of Duke University, Robert Skidelsky of the University of Warwick, and Richard Epstein of New York University. (Travel complications forced the fourth invited participant, James Galbraith… MORE
09/04/2013
1 min
A five-part short video series on the life and contemporary relevance of Adam Smith. This video series, produced by AdamSmithWorks, can be watch as a full 38-minute feature, or in five thematic, classroom-friendly chunks. To access all, click here. Below are some discussion prompts related to this video: Part 1: The Invisible Hand… MORE
11/22/2019
5 min
"Freedom is a tenable objective only for responsible individuals."
— Milton Friedman and Rose Friedman, Free to Choose
With The Wealth of Nations Adam Smith installed himself as the leading expositor of economic thought. Currents of Adam Smith run through the works published by David Ricardo and Karl Marx in the nineteenth century, and by John Maynard Keynes and Milton Friedman in the twentieth. Adam Smith was born in a small village… MORE
02/05/2018
13 min
Though better known for his treatments of philosophy, history, and politics, the Scottish philosopher David Hume also made several essential contributions to economic thought. His empirical argument against British mercantilism formed a building block for classical economics. His essays on money and international trade published in Political Discourses strongly influenced his friend and fellow… MORE
02/05/2018
4 min
James Buchanan is the cofounder, along with Gordon Tullock, of public choice theory. Buchanan entered the University of Chicago’s graduate economics program as a “libertarian socialist.” After six weeks of taking Frank Knight’s course in price theory, recalls Buchanan, he had been converted into a zealous free marketer. Buchanan’s next big conversion came while reading… MORE
02/05/2018
5 min