Finance, Risk, Uncertainty, Probability Theory, Money, Banking, Monetary Policy, Regulation
Book Review
Book Review of The Next American Economy: Nation, State, and Markets in an Uncertain World, by Samuel Gregg.1 In The Next American Economy (2022), Samuel Gregg provides a refreshing defense of free markets, emphasizing the need to frame the case for economic liberty within a broader narrative about America’s values and identity. We need this .. MORE
Book Review
A Book Review of Manufacturing Militarism: U.S. Government Propaganda in the War on Terror, by Christopher J. Coyne and Abigail R. Hall.1 It’s been over 20 years since the 9/11 attacks. Ever since those horrible attacks, the United States government has been waging a “war on terror” both at home and abroad. The war on .. MORE
Article
Every time a large event comes to a city, there’s a flurry of excitement over the gigantic economic impact that these events are supposed to generate. Examples abound, from the hundreds of millions of dollars of impact predicted for a host city of a political convention or Super Bowl, to the billions of dollars of .. MORE
Liberty
Economic and Political Philosophy
Books: Reviews and Suggested Readings
Supply-side Economics
Finance, Risk, Uncertainty, Probability Theory
Politics and Economics
Economic and Political Philosophy
Business Economics
Economic Growth
econtalk-extra
…people are utility monsters when it comes to themselves. But something happens when you have children. This is how Erik Hoel begins this thoughtful conversation with EconTalk host Russ Roberts. According to new parent Hoel, life is no longer “a constant, almost exhausting game of optimization.” He has found a great relief in no longer being .. MORE
econtalk-extra
What’s the best way to help the world’s poor? Should we give them cash or chickens? Or is the best way to eradicate poverty something else entirely? This episode, EconTalk host Russ Roberts welcomed back Lant Pritchett, of Harvard’s Center for International Development. Their starting point was a series of “letters” attempting to answer these .. MORE
Liberty
In two EconLog posts (“Canada’s Decline in Press Freedom,” August 24, 2021, and “Canada’s Decline in Press Freedom, Part 2,” December 14, 2021), I documented the fact that Canada’s federal government under Justin Trudeau was subsidizing journalism. This is an attack on press freedom. As I wrote in an article on this same issue .. MORE
Supply-side Economics
In America, the poor often face relatively high implicit marginal tax rates, because they lose many benefits as their incomes rise. The Economist has an article discussing a similar situation in the UK, which affects the upper middle class, those earning over £100,000: At £100,000, the removal of the tax-free allowance creates a 60% marginal .. MORE
Explore the lasting legacies and
continued relevance of our classic titles.
In June 1974 the Institute for Humane Studies sponsored the first of a series of conferences on Austrian economics. This conference was held at Royalton College in South Royalton, Vermont, and attracted some fifty participants from all regions of the United States and three continents abroad. The conferees came to hear Israel M. Kirzner, Ludwig .. MORE
A Liberty Classic Book Review of The Calculus of Consent: Logical Foundations of Constitutional Democracy, by James M. Buchanan and Gordon Tullock.1 First published sixty years ago this year, James Buchanan and Gordon Tullock‘s The Calculus of Consent: Logical Foundations of Constitutional Democracy is widely recognized as a seminal work in the development of the .. MORE
Book Review of In Search of Monsters to Destroy: The Folly of American Empire and the Paths to Peace, by Christopher J. Coyne.1 According to Ludwig von Mises, “economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics” ([1949] 2007, p. .. MORE
VIDEO
Nobel laureate Ronald H. Coase (1910-2013) was recorded in 2001 in an extended video now available to the public. Coase’s articles, “The Problem of Social Cost” and “The Nature of the Firm” are among the most important and most often cited works in the whole of economic literature. Coase recounts how he tried to encourage .. MORE
VIDEO
Nobel laureate James M. Buchanan (1919-2013) was recorded in 2001 in an extended video now available to the public. Universally respected as one of the founders of the economics of public choice, he is the author of numerous books and hundreds of articles in the areas of public finance, public choice, constitutional economics, and economic .. MORE
Econlib Videos
Conversations with some of the most original thinkers of our time
The Reading Lists by Topic pages contain some suggested readings organized by topic, including materials available on Econlib. Brief reviews or descriptions are included for many items.
Supplementary materials for popular college textbooks used in courses in the Principles of Economics, Microeconomics, Price Theory, and Macroeconomics are suggested by topic.
These free resources are appropriate for teachers of high school and AP economics, social studies, and history classes. They are also appropriate for interested students, home schoolers, and newcomers to the topic of economics.
Of the array of creative financing techniques that came of age in the eighties, one that emerged from that tumultuous decade with its reputation intact is asset securitization. Asset-backed securities enable depository institutions, finance companies, and other corporations to “liquefy” their balance sheets (i.e., raise cash by borrowing against assets) and develop new sources of .. MORE
The federal government has increasingly assumed responsibility for reducing poverty in America. Its primary approach is to expand programs that transfer wealth, supposedly from the better off to the poor. In 1962, federal transfers to individuals (not counting payments for goods and services provided or interest for money loaned) amounted to 5.2 percent of gross .. MORE
“ Insider trading” refers to transactions in a company’s securities, such as stocks or options, by corporate insiders or their associates based on information originating within the firm that would, once publicly disclosed, affect the prices of such securities. Corporate insiders are individuals whose employment with the firm (as executives, directors, or sometimes rank-and-file employees) .. MORE
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