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Marginal Revolution University (MRU) | Introduction to Economics

Economics is much more than just numbers and graphs. In fact, we can use economics to explain much of what we encounter in our daily lives. For instance, why is customer service at your local restaurant usually better than that of the cable company? To find the answer we can... Read more →

The Prehistory of Public Choice

Public choice looks at political activity from an economic point of view. This month we look at literature to explore how such thinking began. It’s often been asserted that the economic way of thinking is a very recent creation - the product, perhaps, of influential thinkers like Adam Smith and... Read more →

The wizards among us

There must be a wizard that makes it all happen. Certainly the order around us can't happen as if by an invisible hand? Professor Don Boudreaux's Quotation of the Day… "…is from page 473 of my late Nobel-laureate colleague Jim Buchanan’s 1994 paper “Economic Theory in the Postrevolutionary Moment of... Read more →

Are You Energy Literate?

Concern for the environment is one thing. But Environemental zealotry can be so destructive. Lori Ackerman, Mayor of Fort St. John, British Columbia argues for Canadian industry in general and the importance of oil and gas. "Even renewable sources of energy that many may feel are far removed from traditional... Read more →

41 Inconvenient Truths on the "New Energy Economy"

Bill Gates has said that when it comes to understanding energy realities “we need to bring math to the problem.” He's right. by Mark P. Mills This article was originally published on FEE.org. Read the original article. A week doesn’t pass without a mayor, governor, policymaker or pundit joining the... Read more →

Milton Friedman: Which Way for Capitalism from 1978

The Nobel Prize-winning economist charts two possible futures for American capitalism. Milton Friedman | From the May 1978 issue of Reason Magazine "What is the future of capitalism?—by which I mean the future of competitive capitalism—free enterprise capitalism. In a certain sense, every major society is capitalist. Russia has a... Read more →

Libertarianism

Justice, prosperity, responsibility, tolerance, cooperation, and peace. Many people believe that liberty is the core political value of modern civilization itself, the one that gives substance and form to all the other values of social life. They're called libertarians. Find out more here... Read more →

10 Reasons to Look Forward to the Future - Johan Norberg

Need to feel uplifted on this Monday Morning? Watch the video below. Here's a bit about the book Progress: “Mr Norberg unleashes a tornado of evidence … a blast of good sense.” – The Economist ‘An exhilarating book.” – Steven Pinker “Superb” – Matt Ridley “Excellent” – Philippe Legrain “Refreshingly... Read more →

Listening to climate doomsters makes our situation worse

ID 115221206 © Gunold | Dreamstime. An interesting take on a very "hot" topic. "...The IPCC’s Working Group I reports (the physical sciences) were rightly described by activists as the “gold standard” description of climate research and the most reliable statement of scientists’ consensus. But by 2011 activists were saying... Read more →

Will hydrogen (Fuel Cell) vehicles be the future?

Keith Crain editor-in-chief of Automotive News recently wrote an editorial with the heading "Electric will be a rude awakening" where he asserts that it will be a long time before electric cars assume market leadership simply because of the hundreds of millions of gasoline and diesel powered vehicles on the... Read more →