My friend and colleague, Caleb Fuller, recently appeared on the Tom Woods Show discussing his new book No Free Lunch. While I have not investigated the matter exhaustively I venture to guess that the Grove City College Economics program is the only one in country that has achieved 100 percent representation on the Tom Woods Show! Listen, learn, and buy the book:
Friday, November 26, 2021
Wednesday, November 17, 2021
Glenn Loury, the distinguished economist at Brown University and host of The Glenn Show, recently presented provocatively stark words about the persistence of racial inequality in America. After his remarks, presented to an academic group at Baylor University, he participates in a Q & A facilitated by my friend and Chair of the Baylor's Department of Entrepreneurship and Innovation, Peter G. Klein.
Monday, November 8, 2021
Thursday, November 4, 2021
In 1940, soon after Mises arrived in the United States, he was invited by the Economics Department at Harvard University to give a lecture to their graduate students. E. H. Chamberlin wrote the letter inviting him to speak.
Dear Dr. von Mises:
The Department of Economics at Harvard would like to offer their graduate students the privilege of meeting you and hearing you while you are in this country. Would it be possible for you to speak at Harvard on the evening of either December 5 or December 12? If so, I should be glad to receive from you suggestions as to possible subjects. We should hope, too, that you would be able to remain in Cambridge for a day or so in order to give students and others a chance to talk with you informally. An honorarium of $100 will be paid (from which you would be expected to meet your own travelling expenses).
I very much hope you will be able to accept this invitation.
E. H. Chamberlin
You can read Mises' reply by clicking here.
Wednesday, October 27, 2021
Economics is deadly serious business. For many people in the modern world and throughout history, getting the economics right means the difference between life and death. Inspired by Hazlitt and Frederic Bastiat before him, I wanted to communicate the basic principles of economics, and what it tells us about human flourishing, to a new generation.
Monday, October 25, 2021
John Tamny says Central planning:
The supply lines of February 2020 were impossibly complicated structures that no politician could ever hope to design. Think billions of individuals around the world pursuing their narrow work specialization on the way to enormous global plenty. Put another way, the shelves in economically free countries were heaving with all manner of products based on economic cooperation that was staggering in scope. Brilliant as some experts claim to be, and brilliant as some politicians think they are as they look in the mirror, they could never construct the web of trillions of economic relationships that prevailed before the lockdowns. But they could destroy the web. And they did; that, or they severely impaired it.
You can read the rest by clicking here.
If you are interested in a thorough theoretical critique of a variety of forms of central planning, I recommend Hans-Hermann Hoppe's A Theory of Socialism and Capitalism.