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

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

The tragedy of the commons is at the heart of many of our environmental issues, revealing the power of incentives. Polling has consistently shown that millennials and Gen Z rank climate and environme

Robert Murphy’s new book “Understanding Money Mechanics” is an excellent primer for learning what money is, why it originated, and how it works in the world today. As inflation climbs across

When married to power, an exaltation of science can have disastrous effects [caption id="attachment_18750" align="alignnone" width="300"] Mike Roberts is a process engineer at Intel with a Bach

What is the dark web? And is it as sinister as its name implies? Economic principles have a funny way of showing up in unexpected places. To highlight the often scoffed at importance that branding

New Zealand implemented a “level 4” lockdown in pursuit of its zero Covid strategy. It didn’t go as planned. In mid-August, New Zealand Prime Minister Jacinda Ardern announced a nationwide lo

Here’s why the fantastical notion of a trillion-dollar coin appearing out of thin air to pay the bills is so appealing—and perilous. Gridlock in Washington DC continues amid a fight over raisin

Angel investing has recently become a pastime for everyone from school teachers, to dentists, to art curators, to kombucha makers. Here’s why that’s a good thing. In Dallas, Texas, an assortmen

he minimum wage could have tripped Quanesha Burks up at the starting line of her career. For Olympic jumper Quanesha Burks, the road to the Tokyo games started in a surprising place: a McDonald’s