Browsing: Econlib

A report in the Financial Times indicates that Mexico is in the process of eliminating the checks and balances in…

Question: Suppose the demand for fentanyl is perfectly inelastic, and that the users of fentanyl steal from others to acquire…

The Economist has an interesting article speculating that the red state advantage in housing affordability may be about to shrink:…

With all the discussion of free trade, tariffs, and non-tariff barriers, I decided to pick up and quickly skim a…

A deal is an agreement to exchange something for some consideration, but different sorts of deals exist. A deal is…

We’re bringing back price theory with our series on Price Theory problems with Professor Bryan Cutsinger. You can see all…

After renting for my entire adult life, I decided to buy my own home.  At the end of the summer,…

Earlier this week, I posed the following problem in price theory. The government imposes a binding price ceiling on oranges.…

Today, I continue on the previously explored theme on how economics can create reactions others might find as odd. In…

I really enjoyed Scott Sumner’s recent post about how people are bad at understanding coincidences. There are many reasons why…