Displaying 11 - 20 of 430

Capitalism and Asymmetric Information

PricesValue and Exchange

It's capitalism and the competitive market that generate solutions to the knowledge problems of the society, including “informational asymmetry.”

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International Trade Under the Soviets: A Comedy of Errors

Protectionism and Free TradePrices

Economic calculation is impossible under socialism. This is as true with international trade as with domestic.

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The Story that Netflix’s Heroin(e) Fails to Cover

Legal SystemProtectionism and Free TradePrices

The state provides incentives to doctors to over-prescribe opioid painkillers. An addiction crisis has followed.

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Doesn't Mexico Have Building Codes?


Politicians can pass building code laws all day long, but those laws won't make it so people can afford higher quality, safer housing.

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There's Nothing Moral about Opposing "Price-Gouging"

The Police StatePricesValue and Exchange

Opponents of price gouging want to fine and imprison their neighbors for selling their own property at the "wrong" price.

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Slow Wage Growth Could Be Thanks to ‘Sticky Wages’

Labor and WagesU.S. HistoryPrices

Wages can be "sticky" even in the absence of government. But the biggest problems with wage rigidity are often the result of government intervention.

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3 Good Things about "Price Gouging"

Bureaucracy and RegulationCalculation and KnowledgePrices

When sellers can price goods freely, we are all better able to plan and conserve for future use of essential goods.

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The Eclipse: How Markets Could Have Prevented the "Traffic Nightmare"

PricesValue and Exchange

After the eclipse, access to major roadways should have been priced according to highway capacity and demand.

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Why Government Has a Dangerous Obsession with Statistics

Big GovernmentCalculation and KnowledgePrices

In a free market, businesses have little need of economy-wide statistics. They are, however, desperately needed for any sort of government planning.

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How Governments Outlaw Affordable Housing

The EntrepreneurPolitical TheoryPricesPrivate Property

In many places, rent growth means more housing is badly needed. Unfortunately, local governments are working hard to limit the supply of housing.

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