January 1981 • Volume: 31 • Issue: 1 • The Freeman
Every once in a while, I see a car bearing a bumper sticker, “Buy American.” From what I gather, it is a popular sticker in Michigan, especially
Trade 
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Buy American!
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Markets, Poverty and the Snapshot Fallacy
Scholars such as Matt Ridley, Michael Shermer and Paul Rubin have been warning us about the dangers posed in trying to understand complex adaptive systems by our evolutionarily inherited folk minds, which tend to see the world in linear and
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Fundamental Economic Concept Lost in Translation
The principle of comparative advantage is one of the fundamental insights of economics. In everyday language, this principle teaches us that we can produce more goods in total if each of us specializes in the production of a product he
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Candlestick Maker’s Petition
A PETITION From the Manufacturers of Candles, Tapers, Lanterns, sticks, Street Lamps, Snuffers, and Extinguishers, and from Producers of Tallow, Oil, Resin, Alcohol, and Generally of Everything Connected with Lighting.
To the Honourable Members of the Chamber of Deputies.
Gentlemen:
You are on
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The Case of Algeria
Tuesday, February 1st, 2011 by posted in Capitalism, Civil Liberties, Economics, Foreign Policy, Politics, Trade.
Having been totally unaware of the socio-economic strife occurring in two North African countries since the end of 2010, I was surprised to hear an NPR broadcast concerning this topic on January 11th. What I wasn’t surprised about was the
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The Underground Economy in One Page
Friday, January 14th, 2011 by posted in Capitalism, Civil Liberties, Economics, Lifestyle, Trade, War on Drugs.
What is the underground economy?
It is not something subterranean. It is neither a physical structure nor a place. The pejorative term “underground economy” is used to describe the activities of buying and selling that occur beyond the
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How Economics Saved Christmas
On a lighter note, that superb “Austrian” economist and writer Art Carden posted the following charming take on the Dr Seuss classic to his Forbes blog.
MDH
How Economics Saved Christmas
By ART CARDEN
Dec. 9 2010 - 9:11 am
~
Every Who down
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Ten Great Economic Myths
Our country is beset by a large number of economic myths that distort public thinking on important problems and lead us to accept unsound and dangerous government policies. Here are ten of the most dangerous of these
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Free Trade with India, Then the World
As many of you are already aware, Canada is continuing free trade discussions with India. This is a welcome sign in a world of escalating protectionism and a harsh economic climate.
From The Economic Times:
A free trade agreement between India and
