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Category: Economics

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Economics
Economics

Fast Fashion Is Evil? Think Again

3 February 2023 0Comments

Claims that fast fashion utilises too many resources and exploits the third world crumble in the face of basic economics. One industry that has recently come under attack from critics of the free ent

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Economics
Economics

Democracy is Dead, and Democracy Killed it

4 January 2023 0Comments

Democracy is in danger? No. The democracy of capitalism is. Democracy is in danger! Or at least that’s what politicians and pundits would have us believe. While this rhetoric is hyperbolic (w

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Economics
Economics

How to see the unseen through the broken window parable

4 December 2022 0Comments

A guide to Frédéric Bastiat’s timeless lesson What can we learn from a broken window? Frédéric Bastiat taught the most important lesson in economics through the story of a young hoo

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Economics
Economics

What the worst economic predictions in history can teach us about economics

10 November 2022 0Comments

Can economists predict the future? Hardly. Economists predict the future course of economic events to show we have a sense of humour. If we could do so accurately, we’d all be very rich,

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Economics
Economics

Not a single US state is requiring kids to get vaccinated to attend public school

30 September 2022 0Comments

Economics may offer a clue as to why not one state is mandating vaccination to attend school in the 2022-2023 school year, even though many government officials support coercive vaccination policies.

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Economics
Economics

8 ideas that will teach you to think like an economist

28 August 2022 0Comments

Sound economic thinking is vital for a prosperous future  “Economics is the study of human action - the choices people make in a world of scarcity. Scarcity means that people have unlimi

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Economics
Economics

Why ‘Free Trade’ Advocacy Keeps Running Into a Brick Wall

27 July 2022 0Comments

Proponents of tariffs often say “free trade” is impossible because other countries would never agree to it, but that view misses the point. “Free traders are trapped in a public policy version

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Economics
Economics

Widespread shortages in the US can’t be explained by supply constraints alone

5 July 2022 0Comments

All sorts of shortages are now popping up in the US economy. At the head of the list is undoubtedly infant formula, but there are literally dozens of other items in short supply. There are so many of

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Economics
Economics

What Gordon Ramsay’s success can teach Marxists about entrepreneurship

5 June 2022 0Comments

One of the core ideas of Marxist economic theory is the notion that business owners exploit the workers, that is, they profit off the work of the workers. The reasoning is that the things produced by

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Economics
Economics

Can we really divest from fossil fuels without hurting economy?

1 May 2022 0Comments

The price of electric vehicles contains much of the answer If you’ve been feeling some pain at the pump in recent weeks, you’re not alone. Gas prices are up around the world, and in the US they r

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