housing supply, identification problem
Book Review, Liberty Classics
A Liberty Classic Book Review of Interventionism: An Economic Analysis, by Ludwig von Mises.1 Can government intervention work? The answer to this question is concisely, yet comprehensively answered in Ludwig von Mises’s Interventionism: An Economic Analysis, first written in German in 1940 and originally translated by Thomas Francis McManus and Heinrich Bund. According to Mises, .. MORE
Book Review, Kling's Corner
… digital media not only enhance information exchange and render offline life obsolete—they also reverse literacy and retrieve orality. … This book is about orality, which once was obsolesced by writing, and about literacy, which is now becoming obsolesced by digital media. —Andrey Mir, Digital Future in the Rearview Mirror: Jaspers’ Axial Age and Logan’s .. MORE
Book Review
A Book Review of Time For Socialism, by Thomas Piketty.1 Time For Socialism author Thomas Piketty boasts a doctorate in economics, publishes papers regularly in top economics journals, teaches economics at the Paris School of Economics, and was once on the economics faculty at M.I.T. Yet not only are the 333 pages of his 2021 .. MORE
Finance
Free Markets
Books: Reviews and Suggested Readings
Regulation
Central Planning
International Trade
Labor Market
Family and Self-Help
Politics and Economics
econtalk-podcast
A paradox of our time is our willingness to bare all to strangers while worrying about who exactly is watching us online and anywhere else. Listen as author Tiffany Jenkins discusses her book, Strangers and Intimates, with EconTalk’s Russ Roberts. In this wide-ranging conversation, they explore the role of Martin Luther, J.S. Mill, reality TV, .. MORE
econtalk-podcast
Author and economist Branko Milanovic of CUNY talks about the big questions in economics with EconTalk host Russ Roberts. Milanovic argues that the Nobel Prize Committee is missing an opportunity to encourage more ambitious work by awarding the prize to economists tackling questions like the rise of China’s economy and other challenging but crucial areas .. MORE
Central Planning
Recently, Donald Trump stated that Americans are too wealthy and that his tariffs will fix that: Somebody said, ‘Oh the shelves are going to be open.’ Well, maybe the children will have two dolls instead of 30 dolls. And maybe the two dolls will cost a couple bucks more than they would normally. Indeed, such .. MORE
Economic Methods
First, Happy Mother’s Day to all the mothers who are reading this post. CBO Score Shows Medicaid Is Inefficient and Current Spending Levels Unpopular by Michael F. Cannon, Cato at Liberty, May 7, 2025, Excerpts: These projections reveal a troubling and dangerous aspect of Medicaid. If the CBO’s assumptions are reasonable, they further suggest—and I .. MORE
Explore the lasting legacies and
continued relevance of our classic titles.
Published Under the Superintendence of the Society for the Improvement of the Working Population in the County of Glamorgan
This study of modern Imperialism is designed to give more precision to a term which is on everybody’s lips and which is used to denote the most powerful movement in the current politics of the Western world. Though Imperialism has been adopted as a more or less conscious policy by several European States and threatens .. MORE
Book Review of The Poor and the Plutocrats: From the Poorest of the Poor to the Richest of the Rich (Oxford University Press 2021) by Francis Teal.1 Is inequality a problem? Many people seem to think so, if we judge the public discussions in Europe and the United States over the last decade or so. .. MORE
A Book Review of Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy, by Mario J. Rizzo and Glen Whitman.1 Are you saving enough for retirement? How do you know? How can I tell? What if there is a benchmark against which to compare your savings? If you meet it, all is well. But what if .. MORE
VIDEO
Gary Becker (1930-2014) was one of the most original and pathbreaking economists of modern times. His 1992 Nobel laureate in Economic Sciences was described as his “having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behavior.” Becker’s early work on discrimination led to his further work .. MORE
VIDEO
Recipient of the Nobel Memorial Prize in Economic Sciences, Milton Friedman (1912-2006) has long been recognized as one of our most important economic thinkers and a leader of the Chicago school of economics. He is the author of many books and articles in economics, including A Theory of the Consumption Function and A Monetary History .. 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.
“ Innovation”: creativity; novelty; the process of devising a new idea or thing, or improving an existing idea or thing. Although the word carries a positive connotation in American culture, innovation, like all human activities, has costs as well as benefits. These costs and benefits have preoccupied economists, political philosophers, and artists for centuries. Nature .. MORE
What Is the Money Supply? The U.S. money supply comprises currency—dollar bills and coins issued by the Federal Reserve System and the U.S. Treasury—and various kinds of deposits held by the public at commercial banks and other depository institutions such as thrifts and credit unions. On June 30, 2004, the money supply, measured as the .. MORE
Foreign aid as a form of capital flow is novel in both its magnitude and its global coverage. Though historical examples of countries paying “bribes” (see below) or “reparations” to others are numerous, the continuing large-scale transfer of capital from rich-country governments to those of poor countries is a post–World War II phenomenon. The origins .. MORE
-F. A. Hayek
-James Buchanan Full Quote >>
-John Stuart Mill Full Quote >>