Analyzing nature and economies as static systems distracts our attention from the dynamic forces in both.
New paper in the Journal of Law, Economics & Policy explores the linkages between ecology and economics through the lens of Austrian economics.
Focusing on externalities distracts economists from understanding how bargaining can solve problems without government intervention.
Cliven Bundy's battle was born out of a broken system that encourages conflict, not negotiation.
The death this week of Ronald Coase, one of the world's most-cited economists, comes at a time when there is lively debate about the very issue he raised: why neither markets nor government are panaceas.
The existence of “externalities” — effects (costs or benefits) of market transactions that are not experienced by those involved in the transaction, but are instead experienced by others, those “external” to the transaction — is routinely proffered as a justification for governmental regulation
Tribes that can resist the temptation to extract wealth at the expense of future growth have the best hope of overcoming poverty and becoming truly sovereign.
There has been plenty of confusion surrounding the work of