The Secret Economic Theory Behind the $100,000 Birkin Bag
The article explores how Austrian Economics explains luxury marketing, using the iconic Hermès Birkin bag as a case study to illustrate Carl Menger’s Theory of the Good and Ludwig von…
Americans Trust Trump on Economy, but “Experts” Don’t?
Jonathan Newman is interviewed by Andrew Wilkow.
Copernicus Was Also Right in Economics
Nicolaus Copernicus is best known for his observation that the sun was at the center of our solar system, but he also made a number of astute observations about economics.…
The Effects of Expanding Optometrists’ Scope of Practice
Jeffrey Miron The standard argument for scope-of-practice (SOP) laws—and more generally, for occupational licensing—is that such regulation improves the quality of services by keeping out lower-skill providers. If so, then these…
Peace as a Prerequisite for Civilization
While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did not believe that wars lead to “just” outcomes, as war leads to destruction of…
The Draft Is Antithetical to Liberty, Even if It Is Never Used
Brandan P. Buck Fall may finally have arrived in DC, but one discussion that never seems out of season is pontificating on a need for a return of military conscription. While the…
Otto Car Reports a Cut in CO2 Emissions of 50,000 Tonnes Using Samsara
Samsara Connected Operations® Cloud enables private hire vehicle operator to accurately track and measure its sustainability progress for the first time. Samsara, the pioneer of the Connected Operations Cloud, has…
Why People Pay Higher Prices for Some Goods Relative to Others
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to…