Logical Economics

Andrew Revkin, who writes the Dot Earth blog on The New York Times, has shared a note by Neil deGrasse Tyson on our planet. It is his reflection on the newest “Blue Marble” photograph of our home planet.

The Micro-Multinational Firm

Local Motors, a small car company in Arizona, US, has an ironical name: it is anything but local. It is a…

I came across the following comment on Scott Sumner’s blog, which really sums up the idea of microeconomics.

You have a straightforward economic argument showing that it is not in people's interest to do X.

Science and Social Science

Following is a quote by Friedrich Hayek from his book “The Counter Revolution of Science” written in 1952…

I came across this excerpt written by John Maynard Keynes in his 1924 essay on Alfred Marshall, published as Essays in Biography on the Cafe Hayek blog.

The study of economics does not seem to require any specialized gifts of an…

Clive Crook of Bloomberg View has used the premise of Dani Rodrik’s latest book Economics Rules to highlight issues with the field of Economics. He agrees with the points that Rodrik makes in his new book, but goes on to further point out an…

A succinct summary of why minimum wages are ineffective is given by the economist Thomas Sowell, in his book Basic Economics, pages 220–221.

Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount — and…