Donald J. Boudreaux
The Wonderful Surprises of Comparative Advantage
Human society is permeated with comparative advantage. When each person specializes in performing that task, or small set of tasks, for which he or she has a comparative advantage — […]
What Is Comparative Advantage?
An economic entity’s technical ability to produce some particular product is, by itself, irrelevant for determining if that entity should produce that product itself or, instead, acquire that product by first producing something else and then trading that something else for the product.
Questions for Immigration Skeptics
Restricting peaceful immigration reduces the freedom of Americans.
The Three Biggest Myths about Political Economy
Although such myths will never be completely slain, their baneful impacts can be reduced by sound and unrelenting economic education and public commentary.
The Case for Free Trade is a Unilateral One
The coherent and correct case for free trade is a case for unilateral free trade, one that applies to each country individually.
A Country Is Not a Private Club
Private clubs are voluntary associations. Opting out of citizenship altogether is not a realistic option.
Reasons for Hope
The world would be a tiny bit less free and the economy faintly less productive without each of the many, mostly small, contributions to classical-liberal scholarship and to the sharing of liberal ideas with the public.
James M. Buchanan: A Centenary Appreciation
Born on a Tennessee farm 100 years ago on October 3, Buchanan came of age when the ideas of John Maynard Keynes reached their zenith among economists.
“Price Gouging” in Desperate Situations
It is precisely when people are at genuine risk of actually dying for want of the likes of food, water, and shelter that the case against prohibitions on “price gouging” is strongest.
In Markets, Your Vote Counts; in Politics, Not So Much
Democratic voting gives no individual any influence whatsoever over the manner in which he or she is treated, or how he or she fares, in society.
