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"To get the most out of life, to think like an economist, you have to be know what you're giving up in order to get something else." One of the challenges of being an economist is explaining what you do for a living. People understand that one of the things a professor of economics does is teach economics. But what ...

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When asked by mathematician Stanislaw Ulam whether he could name an idea in economics that was both universally true and not obvious, economist Paul Samuelson’s example was the principle of comparative advantage. That principle was derived by David Ricardo in his 1817 book, Principles of Political Economy and Taxatio...

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#EconlibReads

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...

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Ten Key Ideas: Opening the Door to the Economic Way of Thinking

Introduction Here are ten fundamental ideas to help you explore and understand the world around us using the economic way of thinking. I've written an essay on each idea and listed some reading and listening suggestions if you want to learn more. The essays are all written for a beginner but some of the ideas are su...

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High School Economics Topics

Introduction The Council for Economic Education (CEE) has compiled a list of the 51 key economics concepts common to all U.S. State requirements for high school classes in economics. The resources arranged here supplement these recommended CEE topics. These free resources are appropriate for teachers of high school...

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