Tauquir Shayaan
Hayek’s Nobel at 50 – Econlib
The anticipation is building as we await the announcement of the Nobel Prize in Economic Science tomorrow. This…
My Weekly Reading for October 13, 2024
Irwin Collier, a prominent figure in the field of Economics, shared an intriguing excerpt from a letter written…
Is divided government a good thing?
Is Divided or Unified Government Better for Good Governance? When considering whether divided or unified government is better…
When Should the Government Intervene?
When determining when the government should intervene in markets, it is crucial to consider a number of factors.…
Introducing EconLog Price Theory: Cutsinger’s Solution
Price Theory Problem: Allocating Milk Across Different Uses In a thought-provoking quote from Thomas Sowell's book, "Basic Economics,"…
Decoupling Desert and Responsibility – Econlib
In the realm of analyzing the world, one interesting concept to consider is the dichotomy between high decoupling…
Pin factory, 40,000 BC
Adam Smith, the renowned economist, famously observed the impact of specialization on productivity in a pin factory where…
Baumol’s Cost Disease Comes to Britain
Britain’s incoming Labour government faced a challenging start in July with news that independent pay review bodies recommended…
Taiwan is the Alternative, Not the CCP
Taiwan: A Beacon of Freedom and Success in Asia Last month, I had the privilege of visiting Taiwan…
Notes on Hayek’s “The Use of Knowledge in Society”
But then Hayek offers a solution in Section V, second paragraph: The problem, which we meet here for…
The Myth of the Lacking “State Capacity”
State capacity has become a popular concept in economic literature, particularly when discussing the perceived inefficiency of today's…
Conor Sen on Fed policy
Matt Yglesias recently shared a thought-provoking tweet by Conor Sen regarding the necessity of further rate cuts. While…
NBA Players’ Average Height and Canada’s Fall in Real GDP Per Capita
The Golden State Warriors are known for their towering height, but if I were to walk into a…
Bad Economics in Fiction, Star Trek edition
The Flawed Economics of Star Trek's Ferengi Rules of Acquisition When it comes to using fiction to convey…
The Wrong Road to Freedom
Stiglitz’s argument that economic concentration in the late 19th century necessitated government intervention to prevent monopolies is therefore…