The Giffen Good

Silver isn’t a “Giffen good.” It’s a case of shifting demand, not broken economics.

Brazil’s Social Function Trap: When Property Becomes Conditional, Markets Become Political

While Brazil calls itself a constitutional democracy that has a market economy, private property and markets themselves are subject to conditions set

History Is Not a Mathematical Calculation

Understanding history is not about understanding formulas or narratives. Instead, we must understand the people who made history, their motives, and their

Machiavelli Is Dead: Why Politics Without Property Rights, Rules, and Moral Limits Cannot Work

Modern political economy is based upon a Machiavellian belief in might makes right. Yet, political power cannot accomplish what free markets and

We Will Barro You

Economist Robert Barro has questioned the necessity of fighting a war in this country to end slavery. In this week's Friday Philosophy,

Why Politicians Want Higher Home Prices

Ryan McMaken of the Mises Institute and Christopher Calton of the Independent Institute talk about why politicians want higher home prices. Even