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Article, Book Review
H.G. Wells Best known today for science fiction novels such as The Time Machine, The Invisible Man, and The War of the Worlds, H.G. Wells was in his own day widely regarded as a prophet. Trained in science, he predicted the wireless telephone, directed energy weapons such as the laser, and the production of human-animal .. MORE
Article
On April 1 of this year, California fast-food restaurant chains with sixty or more national locations (for example, McDonalds and Chipotle, but not Bill’s Burgers or Dick Church’s Diner or other off-brand restaurants in the state without national locations) were required to raise their minimum wage for all workers from $16 to $20 per hour, .. MORE
Book Review
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
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Taxation
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econtalk-podcast
Losing weight should be simple: eat less, exercise more. But according to author and health journalist Julia Belluz, it’s complicated. Listen as Belluz talks with EconTalk’s Russ Roberts about her new book, Food Intelligence. Belluz argues that a calorie is pretty much a calorie whether it’s carbs or fat. Keeping calories under control is often .. MORE
econtalk-extra
It seems parenting has become an ever-greater challenge in our age of anxiety. We have more information than ever, but this seems to render decision-making harder than ever. In this episode, EconTalk host Russ Roberts welcomes back Emily Oster to talk about her book, Cribsheet. Oster hopes her deep dive into the data about parenting .. MORE
#ReadWithMe
In his book We Have Never Been Woke, Musa al-Gharbi examines the worldview of symbolic capitalists in great detail. Much of what he describes looks very familiar to me (although the fact that I see the behavior al-Gharbi describes so regularly is itself something I consider as having very little weight as evidence — I’ll .. MORE
Economic Education
A new paper by Elliot Ash (ETH Zurich), Daniel L Chen (Toulouse School of Economics), and Suresh Naidu (Columbia University) in the Quarterly Journal of Economics discusses the impact of the Manne Economics Institute for Federal Judges on judicial rulings (“Ideas Have Consequences: The Impact of Law and Economics on American Justice“). From their abstract: .. MORE
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Ten years after Thomas Jefferson’s death in 1826, an outspoken young editor in New York City was reformulating and extending the Jeffersonian philosophy of equal rights. William Leggett, articulating his views in the columns of the New York Evening Post,Examiner, and Plaindealer, gained widespread recognition as the intellectual leader of the laissez-faire wing of Jacksonian .. MORE
I AM desirous of prefixing to the second edition of the following work a few explanations which may tend to prevent misapprehension of its purpose and conclusions.The expression “exhaustion of our coal mines,” states the subject in the briefest form, but is sure to convey erroneous notions to those who do not reflect upon the .. MORE
A Book Review of The Story of Work: A New History of Humankind, by Jan Lucassen.1 As the subtitle suggests, Jan Lucassen’s massive work of scholarship is ambitious in scope and scale. The entire sweep of human history and the whole of the planet are its canvas and the story it tells and the analysis .. MORE
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
VIDEO
Recognized as one of the most influential voices in the areas of market structure, the theory of the firm, law and economics, resource unemployment, and monetary theory and policy, in this 2001 interview, Armen Alchian (1914-2013) outlines the “UCLA tradition” of economics which he founded and explores the many unanticipated consequences of self-seeking individual behavior. .. MORE
VIDEO
Israel Kirzner, Professor Emeritus at NYU, is among the foremost scholars in the continuing development of the Austrian school of economic theory. He has extended our understanding of the workings of a free society, illuminated the role of entrepreneurs in the process of economic discovery, and shed new light on the dynamics of market forces. .. 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.
It was, according to accounts filtering out of the White House, an extraordinary scene. Hank Paulson, the U.S. treasury secretary and a man with a personal fortune estimated at $700m (£380m), had got down on one knee before the most powerful woman in Congress, Nancy Pelosi, and begged her to save his plan to rescue .. MORE
If, as Oliver Wendell Holmes once said, taxes are the price we pay for civilized society, then the progressivity of taxes largely determines how that price varies among individuals. A progressive tax structure is one in which an individual or family’s tax liability as a fraction of income rises with income. If, for example, taxes .. MORE
Few observers and even few experts remember that the Organization of Petroleum Exporting Countries (OPEC) was created in response to the 1959 imposition of import quotas on crude oil and refined products by the United States. In 1959, the U.S. government established the Mandatory Oil Import Quota program (MOIP), which restricted the amount of imported .. MORE
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