Public Goods, Streetlights, and Paying Pretty Girls to Walk down the Street
According to many economists, the state is warranted in taxing individuals to provide public goods because a free market in these services (e.g., streetlights) would produce a suboptimal supply. This public goods argument is fatally flawed, for it proves far
Rick West: When B2B Goes Click-To-Cart
Do the principles of customer value generation that we espouse in our Economics For Business program apply equally for both B2C and B2B businesses? The answer is emphatically yes. B2B customers are seeking subjective value and a value experience just
Can We See the End of the World from Here? Will We Still Feel Fine?
Typical discussions about the fate of our planet center around issues like war, climate change, and sovereignty. Peter Zelhan says "the halcyon days of 1980–2015 are over." Original Article: "Can We See the End of the World from Here? Will We Still
Germany’s Nuclear Choice: Russian Energy Crisis Forces a Reckoning
“We are the makers of our own fate,” said Christian Lindner (FDP, Free Democratic Party), German federal minister of finance, in a TV interview not too long ago. This statement was made in the context of being asked if Vladimir Putin had
Inflation Makes People Poorer (And It’s the Government’s Fault)
When inflation hits, we see higher overall prices for everyone. But inflation hits lower-income people the hardest, and they bear the brunt of this tax. Original Article: "Inflation Makes People Poorer (And It's the Government's Fault)" This Audio Mises Wire is generously
The Scope and Method of Catallactics
1. The Delimitation of Catallactic Problems There have never been any doubts and uncertainties about the scope of economic science. Ever since people have been eager for a systematic study of economics or political economy, all have agreed that it is
Is a Recession Simply a Decline in GDP? What Does That Mean?
According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business cycles: A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally
If Mauritius Is a Tax H(e)aven, Other African Countries Must Be Tax Hells
Elites are attacking the government of Mauritius for having lower tax rates than other African countries. The real issue is the levels of taxation in other African countries. Original Article: "If Mauritius Is a Tax H(e)aven, Other African Countries Must Be
Leonard Read Really Did Know Beans about Labor
Leonard Read, founder and longtime guiding force of the Foundation for Economic Education, was completely committed to the belief that liberty and the private property that enabled it were both more moral and more productive than any alternative. He thought
Is Economic Growth Synonymous with Ecological Destruction? The NYT Gets It Wrong (Again)
The New York Times recently interviewed economist Herman Daly, who insists that economic growth is ecologically destructive. There is much more to the story. Original Article: "Is Economic Growth Synonymous with Ecological Destruction? The NYT Gets It Wrong (Again)" This Audio Mises Wire is generously sponsored