MARCH 06, 2014 by SANDY IKEDA
Scarcity is what gives something economic value. And although we are often tempted to ignore scarcity, it's impossible to escape its consequences.
FEBRUARY 20, 2014 by SANDY IKEDA
Conversations about the free market are beset by falsehoods that have entered conventional wisdom. We've covered 14 already. Here are four more.
FEBRUARY 06, 2014 by SANDY IKEDA
Unintended consequences bedevil even the best plans. Passing a law for every outcome you desire only makes it worse.
JANUARY 23, 2014 by SANDY IKEDA
Why do so many fear a corporate dystopia more than a State-run nightmare world? Several examples of the latter have actually existed, after all.
Innovation is change you can believe in, but it affects both culture and economics
JANUARY 09, 2014 by SANDY IKEDA
Innovation, though it's responsible for our rising standards of living, can be scary. Particularly to those who possess economic or political power under the status quo.
Trying to clean up a mess with a dirty mop
DECEMBER 05, 2013 by SANDY IKEDA
Interventions have unintended consequences, which tend to provoke further interventions. Obamacare is a case in point.
Free-market economists against “perfect competition”
NOVEMBER 21, 2013 by SANDY IKEDA
Markets don't function with perfect efficiency, because they're made up of human beings. Conflating perfect competition with free-market economics fuels the general backlash against free markets.
NOVEMBER 08, 2013 by SANDY IKEDA
Our personal relationships are different from and less complex than impersonal market relationships. Transferring behavior directly from one to the other is a recipe for disaster. Here's why.
OCTOBER 25, 2013 by SANDY IKEDA
When it comes to conventional wisdom about the free market, falsehoods abound. We covered some a couple weeks back. Here are seven more.