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Caleb S. Fuller

Associate Professor of Economics at the Winklevoss School of Business at Grove City College. Research Fellow at the Independent Institute.

https://calebsfuller.com/

The Math isn't Mathing

As the kids these days say. Scott Burns and I offer our third and fourth installations on the ongoing trade war over at the Independent Institute. Here's a taste: Today’s tariff defenders should be credited for looking to history to justify their proposals. Wise men should try

The Trade War Endgame

Once again, over at the Independent Institute, Scott Burns and I tackle the recent trade goings-on. This time, we focus on the contradictory rationales that have been offered for the administration's trade policies. A snippet: Governments need to raise revenue. They also need to buttress their economy and

The Market and the Family of God

Sometimes people balk at the idea of a society based on “abstract,” “cold,” and “impersonal” rules. Why not, they say, run society like a family? The church is the family of God, and after all, no (good) father charges his children for food or diapers. A well-functioning family runs on

Sennholz Sense

When all the mysticism is stripped away, the people who comprise the government (the legislators, administrators, judges, and policemen), are guided by human interests, desires, beliefs, notions, and prejudices, just like other people. They have neither superhuman wisdom nor extraordinary virtue. From his "Degenerate Democracy."

The "Strong Tendencies" of Economics?

We live in an orderly physical universe governed by unyielding, unforgiving non-negotiables like Newton’s universal law of gravitation and mathematical regularities like pi and e. Virtually no one denies this, and doing so will rightly get you labeled a kook. We also live in an orderly social universe governed

In This House, We Believe Demand Curves Slope Downward to the Right I

This series of posts is adapted from an essay originally published on my personal blog, A Fuller's Soap. During graduate school lecturing, a friend who I won’t name once joked, “We’ve covered downward sloping demand curves—what else is there to teach them?” Less flippantly, Armen

Price Controls: The Greatest Hits IV

Economists thought price controls had been vanquished, but we live in a world where people are warming up to them. In this series, based on an article originally published at The Independent Institute, I'll revisit some of the craziest consequences of price controls. Price controls lower the costs

Say Says

There are some truths so completely self-evident, that demonstration is quite superfluous. This is one of that number. For who will attempt to deny, that the certainty of enjoying the fruits of one’s land, capital and labour, is the most powerful inducement to render them productive? Or who is

Broken Windows, Broken Logic

Over at The Independent Institute, Scott Burns and I take aim, once more with feeling, at protectionism. Here's a sneak peek: When Secretary Lutnick gloats about bringing iPhone factories back to the U.S., he’s essentially bragging about creating jobs for glaziers by breaking the windows of

Price Controls: The Greatest Hits III

Economists thought price controls had been vanquished, but we live in a world where people are warming up to them. In this series, based on an article originally published at The Independent Institute, I'll revisit some of the craziest consequences of price controls. Every Econ 101 instructor describes