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
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Entitlement Collapse is Worse Than it Looks
“Voters need to understand that by not pressuring politicians to deal with entitlements now, we might end up with a substantial amount of the means of American production being owned by the government. This will harm our society incalculably.” ~David C. Rose
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‘Trivial’ Tariff Would Cost the Poor Billions
“If the de minimis exemption were eliminated, people living in the poorest zip codes would face average tariffs of 12.1 percent.” ~Bryan Riley
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Favor Monopolies over Federal Meddling
“Thus, the monopoly status of a firm is not a problem if consumers are happy and entrepreneurs aren’t hampered. Moreover, competition is of no use if greater value can’t be attained or cost savings can’t be accrued.” ~Kimberlee Josephson
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More Money Can’t Solve Poverty
“From a high of almost 35 percent after World War Two, the poverty rate had already fallen to 19 percent in 1964. It continued its downward trend over the next few years, then has stagnated between 10 percent and 15 percent ever since.” ~Nikolai Wenzel
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Dear CFPB: Your Cure Is Worse Than the Disease
“…Limiting access to credit through these regulations and reducing competition in credit markets would do far greater damage to Americans hoping to access credit.” ~Peter Earle and Thomas Savidge
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AIER Explainer Series Demystifies Public Debt
“The debt problem is a spending problem, not a revenue problem. Research shows that raising taxes covers barely a fraction of the outstanding debt.” ~Thomas Savidge and Ryan Yonk
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DOJ Ruling on Google Ignores the Reality of Exclusive Contracts
“Consumers clearly have options when it comes to search, but because they consistently choose one product over the other does not mean that the exclusive contracts indicate anticompetitive behavior.” ~Spence Purnell
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Industrial Policies Aren’t Working
“If other governments insist on harming their countries’ economies with such interventions, that’s their business. We can pity the citizens of those countries.” ~Donald J. Boudreaux
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Business Conditions Monthly June 2024
“While the Federal Reserve’s progress in controlling inflation may provide the latitude needed to begin rate cuts aimed at supporting employment…the United States has either entered, or is on the verge of entering, a recession.” ~Peter C. Earle
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Public Goods in a Free Society
“Even under this supposed solution to a market failure, we’re getting less public goods than we get shafted for. Like many other well-intentioned public finance policies, in time they turn into pure money grabs.” ~Joakim Book
Research Publications
General Institutional Considerations of Blockchain and Emerging Applications
PC Earle, DM Waugh. The Emerald Handbook on Cryptoassets: Investment Opportunities and …, 2023
Decentralized Marketplaces with Privately Enforced Contracts: A Case Study of OpenBazaar.
PC Earle, M Gulker, EP Stringham. Journal of Private Enterprise 37 (4), 2022
INTERNATIONAL SANCTIONS: Effective economic weapon or fundamentally flawed policy tool?
PC Earle. Financial History, 12-15, 2022
A Gay Bar and Some Polygamists Had a Fight over Zoning…
RM Yonk. Cato Institute, 2022
Achieving Ecological Reflexivity: The Limits of Deliberation and the Alternative of Free-Market-Environmentalism
J Enninga, RM Yonk. Sustainability 15 (8), 6396, 2023
Marie Springer: The politics of Ponzi schemes: history, theory, and policy: Routledge, 2020
RE Wright. Business Economics 57 (2), 89-91, 2022
The History and Evolution of the North American Wildlife Conservation Model
RE Wright. Palgrave Macmillan, 2022
The Political Economy of Modern Wildlife Management: How Commercialization Could Reduce Game Overabundance
RE Wright. The Independent Review 26 (4), 513-532, 2022
The calculus of dissent: Bias and diversity in FOMC projections
TL Hogan. Public Choice 191 (1-2), 105-135, 2022
Framing affordable housing: an experimental test of changing attitudes
M Matheis, J Sorens. Housing Studies, 1-17, 2022
Regulatory Decentralization and Stringency: The Case of Comparative Minimum Wage and Renewable Energy Policies
J Sorens. Publius: The Journal of Federalism 53 (1), 55-81, 2023
Changing Minds on Restrictive Zoning: How to Unclog America’s Home Supply
J Sorens. Manhattan Institute, Apr 1, 2022
Situating Southern Influences in James M. Buchanan and Modern Public Choice Economics
A Carden, V Geloso, PW Magness. Standard of Living: Essays on Economics, History, and Religion in Honor of …, 2022
Gordon Tullock and the Economics of Slavery
P Magness, A Carden, I Murtazashvili. Available at SSRN 4318585, 2023
How pronounced is the U-curve? Revisiting income inequality in the United States, 1917–60
VJ Geloso, P Magness, J Moore, P Schlosser. The Economic Journal 132 (647), 2366-2391, 2022
Books
