The positive economic beliefs of economists and the general public systematically differ. What factors make non-economists think more like economists? Using the Survey of Americans and Economists on the Economy, this paper shows people think more like economists: if they are well-educated; if they...

The academic market for Ph.D. economists in academia works like any other semi heavily regulated market with a large element of government ownership and with large time lags in supply: there are shortages and surpluses, but these tend to be self correcting, with enough time allowed for...

Purpose - The purpose of this paper is to counter the misunderstanding by Paul Craig Roberts of empirical measures of economic freedom.Design/methodology/approach - The objective is achieved by citing Roberts' criticisms of the Fraser and Cato studies of economic freedom and demonstrating the...

For Professor James Buchanan, government is just one more player in the market, along with all others, such as consumers, landlords, farmers, etc. This view is subjected to sharp criticism by the present author, who makes the case that the government differs from all other participants in...

Milton Friedman calls himself a small “l” libertarian. Just because he does so, however, does not mean we have to concur with this self-styled description. Friedman is thus maintaining that while he does not vote for the latter, perhaps for strategic reasons, its philosophy on political...