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The World’s First Drone Port
If the first drone airport is built in Rwanda, they will have achieved a transportation infrastructure leap and eliminated the need for expensive roads. Read more >
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How to Make the Invisible Hand Disappear
With shortages of basic necessities, price controls, lack of foreign exchange and rising prices, Venezuela's inflation rate is soaring. Read more >
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The Power of the T. Rex Market
After a Tyrannosaurus rex named Sue was sold at auction for more than $8 million, the power of the market transformed supply and demand. Read more >
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Amazon’s Government Connection
No longer laissez-faire, government creates a mixed economy when it responds to Amazon's lobbying and other firms' influence. Read more >
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What You Don’t Know About the TPP
We can see by looking at a single firm that makes waders in Montana that the Trans-Pacific Partnership combines Adam Smith with David Ricardo. Read more >
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Traffic Lights and the Downside of Entitlement Spending
An island without traffic lights is like a country with less entitlement spending. By minimizing a national mandate they encourage more individual virtue. Read more >
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A Tale of Two Adam Smiths
Whereas Adam Smith might have valued the Real Junk Food Project, he knew that the market's agricultural productivity was what really fed people. Read more >
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The Decline of Laissez-Faire
Perhaps it all began when President Lyndon Johnson called Wilbur Mills, chairman of the House Ways and Means Committee. Read more >
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What a Sock Can Teach Us
Manufacturing Socks in a Regional Cluster Helps Firms to Optimize Production Read more >
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Using Adam Smith to Cross the Road
Wondering why cars happily stop to let pedestrians cross the road on an island without traffic lights, we can find an answer from Adam Smith. Read more >
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How to Plant Marijuana Markets
The issues are surprisingly similar for a tiny island like Nantucket and a huge state like California. Read more >
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A 2018 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. Read more >
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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. Read more >
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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. Read more >
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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. Read more >
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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. Read more >
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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. Read more >
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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. Read more >
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What We Mean by Socialism
Knowing the different meanings of socialism and capitalism can help us better understand what we and presidential candidates support. Read more >
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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. Read more >
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