For all the criticism that has been heaped upon free market economics for the supposed harmful effects of economic inequality, for not producing the socially desirable outcomes of some social justice ...

Both in economics and speech, the market is a powerful metaphor. Free economic markets are efficient, and produce the greatest good for the greatest number of people by the fair interplay of sellers ...

As even its harshest critics concede, neoliberalism is hard to pin down. In broad terms, it denotes a preference for markets over government, economic incentives over social or cultural norms, and ...

In American foreign policy, the period from 1990 through the summer of 2001 has been called the “holiday from history.” Between the collapse of the Soviet empire and the 9/11 attacks, the United ...

On Monday, as political analysts (and many Argentines) anxiously sought to digest the election of the far-right firebrand Javier Milei as the next President of South America’s second-largest economy, ...

A central lesson of economics is that there’s rarely such a thing as a free lunch. Most policy choices involve trade-offs or benefit some people while incurring costs on others. Every so often, ...

Economics is one field of study that, for the most part, has not been driven off the railroad tracks by politically correct leftists steering college coursework toward progressive ends. The wasted ...

Pope Francis’s new encyclical Fratelli tutti touches on many issues relevant to national and international economic policy. These will generate considerable debate and, given the influence of the ...

What is being offered by contemporary socialists are fairy tales, and we should not mistake them for the truth. These portrayals of socialism and their caricature of capitalism are inaccurate, vacuous ...

Even in retirement, Steven Reff likes to bring a cheerful excitement to the world of economics, always hoping to provide students with fun, useful and free economics resources. It’s that pursuit that ...

The long reach of life experience affects real-world economic outcomes, for policymakers and consumers alike On October 29, 1929, the roaring twenties came to a sudden close in the United States. In ...