Econlib
@Econlib
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Part of the @Liberty_Fund Network - Economics for every life. Home of EconLog, EconTalk, the Concise Encyclopedia of Economics, and much more.
Indianapolis, IN
Joined May 2009
What should governments do when the economy is slowing or overheating?. Explore the theory and practice of fiscal policy—government spending and taxation—made clear. 🔗 #FiscalPolicy #EconomicPolicy #Econlib.
econlib.org
Fiscal policy is the use of government spending and taxation to influence the economy. When the government decides on the goods and services it purchases, the transfer payments it distributes, or the...
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Evil traders blamed. Maximum prices enforced by law. The result? Mass shortages, violence, and chaos. Explore the cautionary tale of Diocletian’s price controls—and why they still matter. 🔗 #EconomicThought #Inflation #PriceControls @EccentricEcon.
econlib.org
The Roman Empire was in trouble. During the fifty-plus years known as the Crisis of the Third Century (235-284 AD), the throne of Rome changed some 26 times, with the Roman Army engaging in a steady...
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Karl Marx: philosopher, revolutionary, economist. His ideas changed the world—but how well do you really know them?.Dive into his life and legacy:.🔗 #Marx #HistoryOfIdeas #Econlib.
econlib.org
Karl Marx was communism’s most zealous intellectual advocate. His comprehensive writings on the subject laid the foundation for later political leaders, notably V. I. Lenin and Mao Tse-tung, to...
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Should the government be allowed to take private property for “the public good”?. @jmurphy8289 explores the deeper problem behind eminent domain. 💬 Do you think the trade-off is ever worth it?.📖 #EminentDomain #PropertyRights #EconLib.
econlib.org
In our forthcoming paper at the Review of Law & Economics, “The Long-Term Impact of Kelo v. City of New London: Comparing State Legislative and Judicial Responses”, my former Western Carolina...
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From Roman edicts to modern policy debates: price controls always seem tempting—until they fail. Discover how Diocletian’s 301 CE price caps backfired—and what it teaches us about economic limits. 👉 @EccentricEcon #PriceControls #EconomicHistory.
econlib.org
The Roman Empire was in trouble. During the fifty-plus years known as the Crisis of the Third Century (235-284 AD), the throne of Rome changed some 26 times, with the Roman Army engaging in a steady...
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Can a short story teach us about trade policy? 🍷. Harriet Martineau thought so—and she made it compelling. Discuss her Wine and Politics in our free, flexible reading group:.📚 #EconFiction #Martineau #AsynchronousReadingGroup
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Scott Sumner proposes that the word "must" should be banned. Discover the reasoning and share YOUR opinions at EconLog today: #ScottSumner #EconLog #WordChoice.
econlib.org
In my first year of grad school, one of my professors had a long list of “forbidden words”. These were terms that do more to confuse than enlighten when used in economic analysis. Terms like “need”,...
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RT @jmurphy8289: My latest at @Econlib where I distinguish between accounting identities and economic theories.
econlib.org
The relationship between accounting identities and economic model is frequently misunderstood. An accounting identity is an equality that must be true, by definition. It is tautology. It is meant...
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RT @n_cachanosky: 🧵 THREAD: The fascinating journey of Public Choice theory in Argentina.From Buchanan's Nobel Prize to academic institutio….
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RT @IdeasAndReality: In @Musa_alGharbi’s book We Have Never Been Woke, he focuses on a group of people he calls “symbolic capitalists.” Who….
econlib.org
The previous post in this series touched on Musa al-Gharbi’s identification of a class of people as “symbolic capitalists,” his contention that wokeness is the dominant ideology of this group, and...
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Legacy. Achievement. Identity. @LowryPressly challenges our obsession with being remembered in this reflective EconTalk episode. 🎙️ #EconTalk #Philosophy #LowryPressly @econtalker.
econtalk.org
What do we lose when every moment is recorded, every action scrutinized, and every past mistake preserved? Philosopher and author Lowry Pressly joins EconTalk’s Russ Roberts to discuss why privacy...
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RT @Mattzwolinski: Abundance theorists are right to focus on the importance of building things. But by ignoring public choice theory, they….
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🚨 New #ReadWithMe series: We Have Never Been Woke.What does “woke” really mean—and how should classical liberals respond?. Read the first post and let us know: Do you agree with the premise? Why or why not?.💬 #Woke #ClassicalLiberalism @IdeasandReality.
econlib.org
Time again for another one of my multi-post deep dives into a book I found interesting. This time, the book is We Have Never Been Woke: The Cultural Contradictions of a New Elite by Musa al-Gharbi....
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💡 Why is “there’s no such thing as a free lunch” the starting point for economics?. Explore opportunity cost with this concise and classroom-ready guide from @EconLib:.📘 #Econ101 #CollegeTeaching.
econlib.org
Introduction Opportunity cost refers to what you have to give up to buy what you want in terms of other goods or services. When economists use the word “cost,” we usually mean opportunity cost. The...
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Adam Smith’s ideas traveled far—and evolved. This essay traces how German economists like Walter Eucken engaged with and reinterpreted Smith’s legacy. 🔗 #HistoryOfThought #Ordoliberalism @AdamSmithWorks.
adamsmithworks.org
January 8, 2025 Photo from the Walter Eucken InstitutGrudev and Kolev examine the evolution of the Historical School's perspectives on Smith and the
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How do capital gains taxes affect saving, investment, and economic growth?. This EconLib entry breaks down what you need to know:.💸 #TaxPolicy #CapitalGains #Econlib.
econlib.org
A capital gain is the difference between the price received from selling an asset and the price paid for it. Why is this type of tax often considered "double taxation"? Learn more.
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RT @adamsmithworks: The Pin Factory isn't just econ—it's history. 👥 See how 18th-century factories helped shape modern industry, labor, an….
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What happens when we don’t seek fame or legacy?. @LowryPressly joins @econtalker to explore obscurity, humility, and the surprising power of being forgotten. 🎧 #EconTalk #LetMeBeForgotten #Humility.
econtalk.org
What do we lose when every moment is recorded, every action scrutinized, and every past mistake preserved? Philosopher and author Lowry Pressly joins EconTalk’s Russ Roberts to discuss why privacy...
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