John Stossel disses minimum-wage legislation.
Arnold Kling chimes in on Bart Hinkle’s essay on consent.
In my latest column in the Pittsburgh Tribune-Review I reflect on my recent visit to Russia.
Now that Nobel announcement time will soon arrive, I take this opportunity to link to what is perhaps the most important yet largely ignored paper ever in the history of economics- Armen Alchian’s 1959 “Costs and Outputs.” It’s a damn shame that neither Alchian nor Gordon Tullock have been awarded the Nobel Prize. Both have certainly earned it.
