“Economics,” wrote Henry Hazlitt, “is haunted by more fallacies than any other study known to man.” True. No epoch is immune to the scourge of economic illiteracy. Yet, we find ourselves in a moment of especially unprecedented economic ignorance. We’ve … Continue reading
An object of endless allure and fascination, what can the little diamond teach us about the ‘dismal science’—economics? In this extended essay, Grove City College associate professor of economics, Caleb S. Fuller, offers an economic meditation on this well-beloved precious … Continue reading
Editor’s Note: The “Author Q&A” is an e-publication from the Institute for Faith & Freedom at Grove City College. Each issue will present an interview with an author of an intriguing new book that we hope will prove illuminating to readers … Continue reading
GPS. The internet. Airbags. These wonders of modernity have something in common. Without government, many commentators hold, they wouldn’t exist. And perhaps these voices are right. Take GPS, developed by the Department of Defense to enhance coordination among military units. … Continue reading
Since the days of Adam Smith, economists have sought a set of social institutions which permit “neither dominion, nor discrimination,” to use Nobel Prize-winning economist James Buchanan’s phrase. In this, economists are joined by all people of goodwill—including those in … Continue reading
Walter E. Williams, prolific author, piercing cultural commentator, old-school economist (that’s a good thing), devoted husband, loving father, and long-time friend of Grove City College, has passed from this world. To the rest of America, Williams was known as a … Continue reading
Why do individuals on a weight-loss campaign often loudly announce this fact to social media friends, and how does this curious phenomenon shed light on Columbus, Indiana’s world-class architecture collection? The easier part of the question first: individuals announce their … Continue reading
In a tale of questionable historical validity, the British colonial government in early 20th century India found itself confronting a fearsome pest: cobras. Though natives had long since adjusted to uneasy coexistence with the snakes, the occupying force did not … Continue reading
