Latest Posts

August 08, 2017

Entry, exit, and supply curves: Increasing Costs

Note: This is post #44 in a weekly video series on basic microeconomics. As industry’s output increases, what happens to costs? Alex Tabarrok of Marginal Revolution University look at three options: an increasing cost industry, a constant cost industry, and a decreasing cost industry. Continue Reading...
August 07, 2017

Why the culture matters for economic flourishing

“Moral ecology is the new frontier of political economy: the culture in which the free society thrives — or destroys itself.” –Michael Novak In assessing and addressing the economic issues of the day, we tend to look first to tangible or mathematical solutions, cutting and re-cutting various economic pies as we ponder different policies and pathways to higher employment, better wages, and all-around material prosperity. Continue Reading...
August 03, 2017

When is Tax Freedom Day 2017 in the EU?

Tax Freedom Day dawns in the U.S. earlier than 26 of the EU’s 28 member states. For two European nations, the date when employees stopped paying taxes and began earning money for themselves and their families came last week. Continue Reading...