All Posts Tagged With: "opportunity cost"
Opportunities and Costs
My previous columns have been devoted to an overview of how markets work by facilitating social cooperation: providing people with the information and motivation to pursue their own advantages in ways that best create opportunities for others. My emphasis has been on the forest rather than the individual trees of economic understanding. Now I shall [...]
1Mar1999 | Dwight R. Lee | 3 comments | ContinuedThe Seven Deadly Sins of High Taxes
Dr. Lee is associate professor of economics at St. Ambrose University College of Business, Davenport, Iowa. By justice a king gives stability to the land, but he who imposes heavy taxes ruins it. —Proverbs 29:4 (New American Bible) In a free society government has an important but limited role to play. Adam Smith, for instance, [...]
1Nov1997 | Christopher Lee | 0 comments | ContinuedYes, Virginia, There Is a Free Lunch
Dr. Peterson, an adjunct scholar at the Heritage Foundation, is Distinguished Lundy Professor Emeritus of Business Philosophy at Campbell University, Buies Creek, North Carolina. “In the sweat of thy face shalt thou eat bread.” So an angry Lord Jehovah thundered down on Adam and Eve—that unrighteous couple who had eaten of the forbidden fruit and [...]
1Sep1997 | William H. Peterson | 0 comments | ContinuedEconomics in One Page
Dr. Skousen is an economist at Rollins College, Department of Economics, Winter Park, Florida 32789, and editor of Forecasts & Strategies, one of the largest investment newsletters in the country. The third edition of his book Economics of a Pure Gold Standard has recently been published by FEE. What makes it [economics] most fascinating is [...]
1Jan1997 | Mark Skousen | 5 comments | Continued-
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