Browsing: Econlib

Economists extol the importance of competition in markets for driving prices down and quality up. But what is “competition” and how does it actually work?  To…

It is time to explore the principles on which human nature has been constructed and the social structures that are derived from behaviors embedded in the…

In any principles of economics class, students learn the difference between accounting profit and economic profit. Accounting profit, which is what one typically understands when discussing…

On January 1, 1959, Fidel Castro and his bearded revolutionaries marched into Havana. Church bells rang across the island as Batista fled into exile. This January…

With the holidays upon us, what could be better than Christmas movies? And Christmas songs? And Christmas movies with great Christmas songs, like “Silver and Gold”…

Every line trending upward, every drop in cost, every additional ounce of efficiency we can squeeze from a bundle of inputs is the product of deliberate…

Shoppers are filling their carts, both literally and digitally, with last-minute gifts. One tempting purchase, whether for gifting or for showing up in style at a…

Any book that intends to provide a complete account of a chapter covering almost 70 years in the history of ideas is an ambitious achievement by…

If there’s one thing we can count on in America, it’s that our elected officials will see an affordability crisis and respond to it by stimulating…

Modular housing is gaining prominence as a proposed way to increase the housing supply. This is an approach where the majority of home building is done…