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.
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Walking in Paris: Tipping and Tax Incidence
I visited Europe with my family twice in 2024, visiting Copenhagen during the summer and Paris over Thanksgiving break. Many things stood out, but here are two that I would love to see transported across the Atlantic: posted prices that reflect all the relevant taxes, and no tipping custom.
Why?
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
Blessed Assurance: LEGO and Its Imitators Don't Make "The Same Thing"
The holidays are behind us, and no doubt many parents uttered many curses after stepping on many LEGO bricks over the last few weeks. Compared to their competitors and imitators, LEGO bricks command a handsome premium.
Why? Is it because people are easily manipulated by slick advertising and legacy brand
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
Quote of the Day: Helmut Schoeck, "Envy"
The envious man thinks that if his neighbour breaks a leg, he will be able to walk better himself.
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
Applied Mere Economics: More Time With Your Kids Costs Less Than You Think
Here's a harsh reality: your marginal project- the "last in, first out" project on your to-do list or CV- probably isn't very good. I look back at my CV and see some papers the world wouldn't notice if they disappeared. Bad papers
How Paris Gets Fed
The central question of economics is "how Paris gets fed," that is how billions of people cooperate on a global scale to procure food, clothing, and shelter, not to mention a whole lot more.
Ever since Frederic Bastiat posed this thought experiment, food–and the marvel of the
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