Once, when my newborn son was barely back from the hospital, I was holding him in my arms with my wife looking on. I asked him, "Can you say marginal rate of substitution?" My wife recognized that as a bit of

When one studies the history of money, one cannot help wondering why people should have put up for so long with governments exercising an exclusive power over 2,000 years that was regularly used to exploit and defraud them. This can

The crown jewel of Las Vegas trade shows, the Consumer Electronics Show, just left town having attracted only a quarter of the show’s typical attendance. At the same time, the Consumer Electronics Show was the first big test for Elon

The Revolution of 1800 removed the Hamiltonians from power, and in Jefferson's first term, America witnessed a major reduction of federal power. In his second term, however, an offer by French Emperor Napoleon to purchase the Louisiana territory would mark

Recently, there has been a debate in Germany on the constitutionality of additional government borrowing of €60 billion. The borrowing is debated because Germany has a constitutional debt brake. The debt brake limits the possibility of the government to indebt

Last month, Colorado governor Jared Polis ended statewide mask mandates and social-distancing provisions, stating that "the emergency is over." This, of course, does not mean Colorado is now laissez-faire in terms of covid. Public higher education institutions—thanks to Polis’ tacit approval—still

In all times of state dominance, the instability of the system gives rise to two types of reformers: the moderates who want to work within the system but end up defending it, and the radicals who have the clarity to

The historian and economist Deirdre McCloskey often laments the power that pessimism and despair seems to have over us. In her review of Thomas Piketty’s doorstop-sized book on capitalism and inequality—oh, in that long-forgotten blissful past when our media and

Design & Assembly is the second pin (after Imagination) in the Economics For Business GPS system — the toolset to help entrepreneurs navigate their business environment. We talk to Brett Lindell, CEO of Pantheon Holdings (which includes Aegis Exteriors and Fortress