The Wayback Machine - https://web.archive.org/web/20181015045201/http://www.econlib.org/
Econlib
Most
Recent
Featured Article

They Clapped: Can Price-Gouging Laws Prohibit Scarcity?

"There were no generators, ice, or chain saws to be had, none. But that means that anyone who brought these commodities into the crippled city, and charged less than infinity, would be doing us a service." Here's the thing: They clapped. I can't for the life of me understand why the people would clap. But I'm starting in the middle. Here is what happened: Hurricane "Fran" smashed into the North Carolina coastline at Cape Fear at about 8:30 pm, 5...
Articles By David R. Henderson
Think on the Margin
READ FURTHER »

I start every course I teach with what I call The Ten Pillars of Economic Wisdom.1 The third pillar is "Economic thinking is thinking on the margin." I find that this is the toughest of the 10 pillars for my students to grasp. But once...

Congratulations to William Nordhaus and Paul Romer on sharing the 2018 Nobel Memorial Prize in Economics!