Common Economic Fallacies

Don Boudreaux at his excellent Cafe Hayek in his Quotation of the Day, finds an excerpt from Armen Alchian from a textbook, University Economics in 1972. This excerpt points out several economic fallacies, many of which are still common today, and it points out that...

Progressivism is Regressive

from Cafe Hayek Quote of the Day Don Boudreaux comments on his excerpt from the excellent book Illiberal Reformers by Thomas Leonard (Don’s comments) Isn’t it, therefore, strange that those politicians, pundits, professors, and preachers who today wish to turn...

Reading 2016 07 20

The Secret History of the Minimum Wage by Diedre McKloskey at Reason Friedman’s Sampler from the WSJ in 2006 What most people really object to when they object to a free market is that it is so hard for them to shape it to their own will. The market gives people...

The Genius of Spontaneous Orders

Don Boudreaux in his excellent Cafe Hayek quotes from Matt Ridley’s The Evolution of Everything.  I consider this the best new book of the year followed by Yuval Levin’s The Fractured Republic. Ridley compares the spontaneous order of evolution with the...