Economic Education
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Foundations of Economics: It All Starts With Cooperation
It is by understanding the nature of cooperation that one can see how the evolution of all the other foundations of economics, and even the free market economy itself, was driven by the societal benefits from ever more effective cooperation.
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Understanding Thomas Piketty’s Capital in the 21st Century
In the past decade, the theoretical and empirical arguments of French economist Thomas Piketty have attracted widespread attention.
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Erik Angner’s Defense of Our Dismal Discipline
“The conversational tone is excellent for the wide audience he intends — those skeptical of economists and economics — and it’s easy enough to follow along his clear prose even for those without prior training in our arcane arts. ” ~Joakim Book
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Stiglitz: When Good Minds Seek Fools’ Favor
“Stiglitz believes ‘education’ should be explicitly designed to attack property rights and to weaken the sense of American exceptionalism, the tradition of classical liberalism.” ~Michael Munger
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Capitalism is a “DDoLL”
“One thousand people can be unimaginably more wealthy than eight people. Division of labor is the most important source of increasing returns to scale in the market system.” ~Michael Munger
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CEA Deserves an F on Bitcoin Mining Tax Analysis
“The CEA’s argument would result in a failure on an introductory microeconomics exam. One expects better from a team of professional economists.” ~ Joshua R. Hendrickson
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Yes, the Fed Is a Failure
“DeSantis is right to call out the Fed. And honesty compels one to acknowledge the Fed’s failures, even if those failures are pointed out by politicians of whom one disapproves. Anything less subjects responsible policy analysis to rank partisanship.” ~ Alexander William Salter
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Interest Rates, the Money Supply, and Say’s Law
“Say’s Law absolutely helps us understand booms and busts on the demand side, but because of its emphasis on money, not interest rates.” ~ Alexander William Salter
