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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/

Five Ways Minimum Wage Studies Fail - Anticipation

The first post on the Mere Economics blog revisited a post I'd written over at the Independent Institute. Here's part 3. Entrepreneurs, to be successful, must be forward-looking. They’re in the business of anticipating future states of affairs and arranging production in the present based

Law and Econ Classics - Of Coase and Cattle

At Grove City College, I teach Law and Economics-a course that explicitly examines how "people expand their options by cooperating." It therefore lies at the heart of "mere economics." In this sermon series of sorts, I'll be posting a summary of classic L&

Brian Albrehct on the California Wildfires

Our friend Brian Albrecht brings mere economic analysis to bear on the California fires tragedy. California is burning. The tragedy of the destruction is unfathomable. On top of that, many homes don’t have insurance. Why? This is because of price controls. But CA's Prop 103 system goes

Yes, Government IS Like These Signs

In a recent post, Art asks rhetorically whether government is like these signs: As Murray Rothbard masterfully explains in these old lectures, government policy is at war with itself: 4. Price Controls in the Oil IndustryThe disappearance of oil has been forecast every decade. Prices were overlooked. When the price

Diamonds are Forever - Cost and Price

Last week, I posted the first in a series of articles on diamonds (but really about the economic point of view). Here's part 2. Diamond mines are expensive. The heavy machinery used to excavate diamonds likewise comes with a hefty price tag. Unsurprisingly, diamonds themselves can be jaw-droppingly

The Mises Archive at Grove City College

Learn more about this amazing resource in a new mini-documentary. Art will be using the archival material for his research on the great, underrated W.H. Hutt.

Five Ways Minimum Wage Studies Fail - Underemployment

The first post on the Mere Economics blog revisited a post I'd written over at the Independent Institute. Here's part 2. Let’s stick with the margins of adjustment for a while longer. When we show a supply and demand diagram for a labor market in

Wicksteed Wisdom

Thus, by teaching Greek to men who can neither make shoes nor drive an engine, I can get myself shod and carried by men who have no wish to be taught Greek. It might be a valuable exercise for any one who is “earning his living” to attempt to go

Remembering Walter E. Williams

The great Walter "Excellent" Williams passed away a little more than four years ago. Here's my tribute to him from a few years back. Walter E. Williams, prolific author, piercing cultural commentator, old-school economist (that’s a good thing), devoted husband, loving father, and long-time friend

A "Mere Economics" Companion Reading List

Back before Art and I ever set pen to paper for Mere Economics—the book—I'd started referring to the core of what economics teaches as "mere economics." What are the enduring principles that economists, through the generations, have believed and taught? A working knowledge of