[Written in 1925, this essay was published in Economica in 1926 and became more widely known when F.A. Hayek included it in…

Elon Musk’s dogecoin tweets have given the coin a nice run, sending its price from fractions of a penny—where it traded for…

Profit-seeking entrepreneurs move factors of production to their highest and most economical uses. Amtrak, on the other hand, is diverting useful factors…

The United States: Hardly A Recovery There is an overly optimistic consensus view about the speed and strength of the United States’…

Politics degrades our lives in innumerable ways, from personal relationships to work to places of worship. Even sports and movies now seem…

“Austrian” economics owes its name to the historical fact that it was founded and first elaborated by three Austrians: Carl Menger (1840–1921),…

I’ve often argued against John Rawls’s theory of justice, and readers who see my title might be thinking to themselves, “Not another…

Eerie, isn’t it? How humans have always wondered about reality as they know it but don’t really think about this reality not…