Voluntary Exchange Sources

22 Aug “What a science does, or should do, is simply to allow the average man, through professional specialization, to command the heights of genius.” James M. Buchanan

Posted at 05:19h in Voluntary Exchange Sources by one80Admin

|Peter Boettke| This description of the power of economics by Buchanan has always struck me as insightful.  Economics is a tool for the curious.  Properly understood, economics is not a tool for the power seeking and those who want to govern over others, though that is...

Read More

22 Aug Private Firms Are the Key to Space Exploration

Posted at 05:06h in Voluntary Exchange Sources by one80Admin

To kick-start Mars exploration, use a money prize to incentivize enterprise. Read the Full Article here: >National Review...

Read More

22 Aug The Simple Math of How to Retire with Millions

Posted at 05:01h in Voluntary Exchange Sources by one80Admin

I like to ask my class what it takes to be wealthy, and someone always says, “one million dollars.” I typically respond by saying, “well, that is true for a lot of people, but one million dollars is easy – I’m going to show you...

Read More

22 Aug Ashish Kulkarni interviews me

Posted at 04:55h in Voluntary Exchange Sources by one80Admin

About half is about India, the other half is his very careful, memory-rich questions about earlier MR posts.  I was happy with how it turned out… The post Ashish Kulkarni interviews me appeared first on Marginal REVOLUTION. Read the Full Article here: >Marginal Revolution...

Read More

22 Aug The Chinese Mirror

Posted at 04:55h in Voluntary Exchange Sources by one80Admin

The legendary Martian landing on Earth might think that the Chinese state is rapidly converging to the Western world’s freedom. It is doing things like boosting its antitrust laws, expanding regulation, and attacking high-tech companies, all of that in the name of competition. It even...

Read More

17 Aug Why We Shouldn’t Fear a Climate Apocalypse

Posted at 21:56h in Voluntary Exchange Sources by one80Admin

Environmental scientist Roger Pielke Jr. says many media interpretations of the new Intergovernmental Panel on Climate Change report are "irresponsible."------------------Subscribe to our YouTube channel: https://www.youtube.com/ReasonTV?sub_confirmation=1Like us on Facebook: https://ift.tt/1OFng0MFollow us on Twitter: https://twitter.com/reasonReason is the planet's leading source of news, politics, and culture from a...

Read More

17 Aug Most of the People, Most of the Time

Posted at 13:07h in Voluntary Exchange Sources by one80Admin

Do you consider yourself to be “free market”? If so, what does that mean? Can you be a fan of the free market, but not necessarily its results? Maybe sometimes you feel like arguing for free markets is like choosing the prettiest pig. Perhaps you’ve always...

Read More

17 Aug Egypt’s Bread Subsidies May Bring Millions to the Brink of Starvation

Posted at 10:55h in Voluntary Exchange Sources by one80Admin

In Egypt, the recent announcement that bread prices, long subsidized for much of the population, would likely have to rise was met with cries of despair. Indeed, over two-thirds of the population of Egypt depend on inexpensive bread for daily sustenance. In order to understand the...

Read More

17 Aug Was George Orwell a Socialist or a Libertarian? It’s Complicated

Posted at 10:55h in Voluntary Exchange Sources by one80Admin

When George Orwell’s Animal Farm was first published on August 17 in 1945, World War II in Europe had concluded only three months before. It would end in the Pacific in a matter of days. Britain and the United States were still allied with Stalin’s...

Read More

16 Aug Teaching Introductory Economics

Posted at 16:57h in Voluntary Exchange Sources by one80Admin

In just over a week I’ll meet the 283 students in my Fall 2021 ECON 103 – “Principles of Microeconomics” – course. And barring any last-minute change, I’ll meet them in person rather than over Zoom. These students are mostly 18-year-old freshmen. While a petite handful...

Read More