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Many market watchers are concerned about the softening labor market. According to the Bureau of Labor Statistics, the US economy lost 92,000 nonfarm payroll...
2026 commemorates the 250th anniversary of Adam Smith’s great work An Inquiry into the Nature and Causes of the Wealth of Nations. This book...
I’ve taught Principles of Microeconomics (“ECON 101”) regularly now for nearly a half-century. The first such course I taught was in the Fall Quarter...
Sports betting has become an epidemic, especially among young men. The Guardian recently aggregated some alarming statistics about its prevalence. The story notes: Somewhere...
“Life is like a box of chocolates. You never know what you’re gonna get.” The line from Forrest Gump is meant to capture uncertainty...
The new year brought new developments in the world of financial services: specifically, the role of artificial intelligence (AI). In January, JPMorgan Chase announced...
In 1988, when Robert Lawson was a first-year economics graduate student at Florida State University, he was surprised one day to look up and...
Social Security is drifting toward a cliff, and Congress keeps pretending the shortfall will fix itself. It won’t. Absent reform, benefits will be cut...
The nomination of Kevin Warsh to replace Jerome Powell as Federal Reserve Chair has many people wondering: What makes a good Fed chair? The...
A year or so ago, I met my friend’s mother for the first time at a wedding. She told me that she was Mississippi...
For most of us, especially those of us who think about it a lot, the Roman Empire conjures up famous names of such men...
One of the most robust findings in economics is that, with few exceptions, people respond to incentives, rather than intentions or moral principles. Individuals...
Substantive change has occurred in the subjects examined in my second book, Gold and Liberty (AIER, 1995), since it was published three decades ago....