What Is Consent?
Buchanan and Tullock‘s The Calculus of Consent influentially applies economic ideas to politics, focusing on methodological
Entrepreneurial Profit Follows Good Decisions, Not Exploitation
Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers.
Contrived Scarcity and Antitrust Lawsuits—“It’s Not a Bag, It’s a Birkin”
Birkin bags are pricey and the producer restricts its potential buyers. Unfortunately, disgruntled customers who don’t
Historical Revisionism: What It Is and What It Is Not
Historical revisionism is nothing new, and recent attempts to label an “antiracist” approach to history have
How the Government Created Exorbitant Insulin Prices
Progressives blame the free market for insulin prices and want to impose price controls. But, government
Discrimination and Opportunities for Women
Wage differences between men and women often are automatically attributed to sex discrimination against women. However,
The World at War: An Essential New Book from Ralph Raico
Looking for an introduction to the real story of the foundations and tragedies of the world
Minimum Wage Laws Can’t Repeal the Laws of Economics
A new study at UC Berkeley claims that California‘s new $20 minimum wage has had no
The Study Supporting California’s $20 Minimum Wage is Just Politics as Usual
A new study from the Institute for Research on Labor and Employment at UC Berkeley claims
Federal Power and Statist Racecraft
In the post-Civil War South during Reconstruction, federal troops attempted to impose their will in part