Wonder Information Tag

Join Victor Davis Hanson in an excerpt from Hillsdale College's online course, "The Second World Wars." https://bit.ly/2PZqllS From 1939 to 1945 the world was at war. Ultimately, the fight for freedom over tyranny was won in large part by superior strategy.Victor Davis Hanson, the Wayne...

"Austrian" economics owes its name to the historical fact that it was founded and first elaborated by three Austrians: Carl Menger (1840–1921), Friedrich von Wieser (1851–1926), and Eugen von Böhm-Bawerk (1851–1914). The latter two built on Menger, though Böhm-Bawerk, in particular, made important additional contributions. Menger's...

Lazear points to several specific examples. First, China: in the 1980s, the Chinese Communist government began to adopt market-based reforms. Lazear finds that the market reforms, as skeptics of capitalism would predict, did increase income inequality. But, more importantly, the market reforms lifted millions of...

(Don Boudreaux) TweetIn this seven-and-a-half-minute-long speech, Dan Hannan tells the House of Lords that fear of Covid-19 caused many people to resort to their “paleolithic heuristics,” and that “the world into which we emerge from lockdowns will be poorer, colder, more pinched, more authoritarian.” Indeed....

(Don Boudreaux) Tweet… is from page 66 of Tom Palmer’s 2011 essay “Adam Smith and the Myth of Greed,” as this essay appears in the 2011 collection The Morality of Capitalism: What Your Professors Won’t Tell You (Tom Palmer, ed.): A common mistake is to identify the...