These free resources are appropriate for teachers of high school and AP economics, social studies, and history classes. They are also appropriate for interested
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The most painful part of writing The Case Against Education was calculating the return to education. I spent fifteen months working on the spreadsheets. I came up with the baseline case, did scores of “variations on a theme,” noticed a small mistake or blind alley, then started over. Several programmer friends advised…
I am a lead pencil–the ordinary wooden pencil familiar to all boys and girls and adults who can read and write…. [From “I, Pencil”]
Last year, Noah Smith proposed his Two Paper Rule: If you want me to read the vast literature, cite me two papers that are exemplars and paragons of that literature. Foundational papers, key recent innovations – whatever you like (but no review papers or summaries). Just two. I will read them. If these two papers […]
Math professor David Edwards sent me this short essay on mathematical education. Printed with his permission. The Math Myth Themath myth is the myth that the future of the American economy is dependent upon the masses having higher mathematics skills. This myth goes back to at least Sputnik, when the Russians were…
In 2009, the U.S. unemployment rate exceeded Europe’s for the first time in decades. Apologists for European labor market regulation rejoiced, so I publicly bet that European unemployment would exceed U.S. unemployment over the next decade. The original authors I targeted turned me down, even after I offered a 1…
Donald Shoup, famed author of the most fascinating possible book about parking, can also do comedy. From his recent essay on “The Pseudoscience of Parking Requirements“: Everyone wants to park free, and most people consider parking a personal issue, not a policy problem. Rational people quickly become emotional about…
Snippet: What is the problem we wish to solve when we try to construct a rational economic order? On certain familiar assumptions the answer is simple enough. If we possess all the relevant information, if we can start out from a given system of preferences, and if we command complete knowledge of available means, the…
New York State legislators defend the War Emergency Tenant Protection Act—also known as rent control—as a way of protecting tenants from war-related housing shortages. The war referred to in the law is not the 2003 war in Iraq, however, or the Vietnam War; it is World War II. That is when rent control started in […]
Frederic Bastiat (1801-1850) was a French economist, statesman, and author. He led the free-trade movement in France from its inception in 1840 until his untimely death in 1850. The first 45 years of his life were spent in preparation for five tremendously productive years writing in favor of freedom. Bastiat was the…