Why Trade Is Good

Knowing that the benefits of free trade can be invisible, we can use a list of six brief reasons to actually see why trade is good.

Astronomically Different Prices for an Apollo 11 Videotape

Sold twice at auctions, the two prices of the Apollo 11 videotapes were astronomically different because of changes in demand and supply.

Why Did the Pedestrian Cross the Road?

In NYC and in Nantucket, Massachusetts, drivers respond to different incentives because Manhattan has traffic lights while Nantucket does not.

What We Mean by Socialism

Knowing the different meanings of socialism and capitalism can help us better understand what we and presidential candidates support.

How We Spend Our Money

By looking at one hundred years of consumer spending history, we can see how our food, housing, and clothing reflected our growing affluence.

A 2019 Update: The World’s Top and Bottom Laissez-Faire Countries

The Index of Economic Freedom is a handy source of data for judging whether or not a government has a laissez-faire philosophy.

When to Worry About Water

Approaching Day Zero, the people in Cape Town South Africa were conserving water by singing two minute shower songs and using 50 liters (13 gallons) a day.

What We Say About Trade

In a Pew’s yearly survey of trade opinions, they uncovered a slew of contradictions that show most of like trade but cannot say why.

How Traffic Lights Relate to Adam Smith

When no traffic lights on the island of Nantucket has created good will among strangers, it also might show the limits of Adam Smith’s laissez-faire.

All You Need to Know About Doughnuts

Knowing that last Friday was National Doughnut Day, we can thank the inventor that made doughnut mass production possible.