…for the economy to function well, you don’t just need good property rights, you also need what we could call, somewhat vaguely, “economic freedoms.” You need labor mobility; you need to get rid of guilds; you need to get rid of monopolies, both local and global; you need to get rid of all kinds of […]

Econlib Blog

17.10.2025

Let Them Eat Steak: Cutsinger's Solution - Econlib

Question: Russ buys 5 sirloins per week. True or false: If the price of sirloin rises by $5 apiece, and if Russ’ preferences and income remain constant, he will have $25 a week less to spend on other things. Solution: One of the first things I emphasize in my micro principles course is that the […]

Econlib Blog

18.10.2025

Straight Whiskey and Dirty Politics - Econlib

In the early 20th century, America was buzzing with Progressive Era reforms aimed at taming the excesses of industrialization. One landmark was the Pure Food and Drugs Act of 1906, hailed as a victory for consumer safety. It banned poisonous ingredients in food and drink, required accurate labeling, and cracked down on imitations. But when […]

Econlib Blog

21.10.2025

Twenty Years of Freakonomics (with Stephen Dubner) - Econlib

Quantitative, contrarian, and nuanced: these are the hallmarks of the Freakonomics approach. Hear journalist and podcaster Stephen Dubner speak with EconTalk’s Russ Roberts about the 20th anniversary of the popular-economics book Dubner co-authored with Steven Levitt. They discuss how the book came to be, how the journey changed Dubner’s life, and how it changed his […]

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Free Trade and Dynamic Efficiency - Econlib

Let Them Eat Steak: Cutsinger's Solution - Econlib

Straight Whiskey and Dirty Politics - Econlib

Twenty Years of Freakonomics (with Stephen Dubner) - Econlib

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