Economics and Economic Freedom

A free and prosperous society requires a functioning market economy at its foundation. Using a broad array of tools drawn from price theory, public choice analysis, Austrian theory, and classical empiricism, our study of economics and economic freedom explores the underpinnings of the market system, the roots of economic prosperity, and emerging threats to the same in the public policy sphere. Our work includes the measurement of freedom and providing practical economic information for people to make better decisions.

Articles

Lessons From the Bronze Age Collapse

Zachary Yost July 15, 2021

“We survived this time, but the next time a global crisis rolls around we may not be so fortunate if governments continue to pursue their anti-social policies that undermine the social order based upon the division of labor.” ~ Zachary Yost

The Dangers and Opportunities of Biden’s New Antitrust Order

Ethan Yang July 14, 2021

“Biden’s executive order is filled with aggressive and romantic language that seems to harken back to the tired old age of early 20th-century trust busting that reeks of disdain for large corporations just for the sake of being large. At the same time, the order does pay some respect to the idea that economic freedom is a necessary component for encouraging competition.” ~ Ethan Yang

Lumber Prices Return to Earth

Peter C. Earle July 14, 2021

“A new round of expansionary monetary policy, wildfires, or other developments could bring more upheaval to this ordinarily sedate market, but for now it appears that the lumber market delirium has been quelled.” ~ Peter C. Earle

AIER Leading Indicators Index Suggests Continuing Economic Expansion

Robert Hughes July 14, 2021

“AIER’s Leading Indicators Index remained solidly above neutral in June, suggesting continued economic growth. However, labor issues, materials shortages, and logistical problems are restraining the recovery in output and putting upward pressure on prices. While the outlook remains positive, the emergence of the Delta variant increases uncertainty.” – Robert Hughes

Icelandic Study Suggests Government Workers Are Unnecessary

Joakim Book July 13, 2021

“A lie can get around the world faster than truth can get its pants on, according to the adage apocryphally connected to Mark Twain or Winston Churchill (or Jonathan Swift). In a terrible ‘study,’ Iceland showed that we can reduce the hours worked by public officials without any meaningful negative outcome to society. Shocking, I know.” ~ Joakim Book

Everyday Prices Continued to Surge in June

Robert Hughes July 13, 2021

“AIER’s Everyday Price Index posted a seventh straight monthly increase, reflecting a wide range of lingering fallout from government lockdowns. As these issues are worked out, price pressures are likely to ease.” – Robert Hughes