Jeffrey Miron To a first approximation, economic policies target one of two objectives: efficiency (growing the economic pie) or redistribution (reallocating the economic pie). Alas, most politicians favor the latter,…

The common perception is that businesses set prices at a level that always earns them profits. However, as Carl Menger first pointed out in 1871, the process of determining value…

James A. Dorn In October 1994, I was a visiting scholar at Fudan University in Shanghai. During my stay, I gave a series of lectures and received the Chinese edition…

As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.…

The market for fleet management (FM) solutions in Southeast Asia (SEA) has been in a growth period for several years. The market experienced quite significant setbacks during the pandemic, but…

In this episode, Murphy clarifies what is right and wrong on comparative advantage.

Prohibition is one way the government swings the fist of violence into our daily lives.

Opponents of President Biden‘s immigration policies have resorted to suing the Environmental Protection Agency to claim mass immigration harms the environment. Some observers have likened this to trying to nail…

Anthony Blinken‘s term as US Secretary of State will be ending, although not soon enough. He had the misfortune of working for a president who pursues an aggressive and cynical…

Marc Joffe Aerial view of the So-Fi stadium in Los Angeles in 2021, and behind it, a view of the Forum. The SoFi is an entertainment complex located in Inglewood,…