Category: Economics
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American economy is more competitive and carbon-efficient, says economist
The oil and gas boom in America boosts our competitiveness in the world economy while at the same time reducing carbon emissions, says economist Stephen Moore.
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Viewing the seen and unseen
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
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The war on poverty
What has been the result of America’s war on poverty?
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Government spending
Milton and Rose Friedman explain why government spending is wasteful, how it leads to corruption, how it often does not benefit the people it was intended, and how the pressure for more spending is always present.
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Walter Williams: How to do good
Economist Walter Williams told a Wichita audience that when government is used in an attempt to do good, it requires either elimination or attenuation of private property and market forces. But it is private property and the desire for more that motivates people to do difficult and laborious things that benefit their fellow man. It…
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The broken window fallacy revisited
Recently David M. Hart, Ph.D., who is Director of the Online Library of Liberty Project at the Liberty Fund, spoke in Wichita on the topic “Bastiat’s Lessons for the 21st Century: The Broken Window Fallacy Revisited (again and again).”
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Job growth visualization updated
Government jobs in Wichita have been growing, but the private sector lags behind.
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A learning opportunity for Wichita
Next month the Wichita Metro Chamber of Commerce brings a speaker to town who might be able to offer Wichita helpful advice.
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Business employment dynamics, a visualization
Besides the usual employment and jobs numbers delivered each month, there are other interesting statistics gathered about business firms and workers.
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Seen and unseen on display
The lesson of the book “Economics in One Lesson” by Henry Hazlitt is this: “The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”
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Trends in Kansas entrepreneurship
Entrepreneurship is important for a growing and dynamic economy. The performance of Kansas in entrepreneurial activity is not high, compared to other states.