On April 4th, 1951, Don Lavoie was born. He was one of the most fascinating economists in the Austrian school, writing brilliant critiques of central planning, insightful papers on philosophy and social science, […]
March 16th marks Open Borders Day, which George Mason University law professor Ilya Somin describes as “an international event created to celebrate the ideal of freedom of movement across international boundaries.” Naturally, this […]
Murray Rothbard was born on this day in 1926. In 1935, according to Rothbard’s fourth grade teacher, “Murray seems so exceedingly happy that it is sometimes difficult to control his activities in […]
The world we live in is full of imperfections. As one looks around society, it’s not hard to find examples of externalities, imperfect information, or collective action problems that leave public goods […]
Ronald Harry Coase was born on December 29, 1910 in London. In 1932, he earned his bachelor of commerce degree from the London School of Economics. Five years later, Coase married […]
Are you interested in attending tonight’s episode of SFL On-Air? Register to attend here! Classical liberalism and libertarianism are not just ideologies and political movements. They are informed by potent intellectual traditions […]
What should be done about market failures? When a public good is underprovided, a transaction produces an externality, or consumers and producers have asymmetric information, many people leap to the conclusion that […]
McDonald’s sample budget dispute has blown up on the web and it now, unfortunately, warrants a response. There have been a variety of points made, but most have missed what I think is the […]
