Donald Boudreaux

Unplanned order

One of history's most profound discoveries is that complex, beautiful and immensely useful arrangements often emerge without anyone designing them. Charles Darwin, of course, famously ...

Consistently inconsistent

Ralph Waldo Emerson famously observed that "A foolish consistency is the hobgoblin of little minds." I've no mind to dispute Emerson. I'm confident, however, that ...

Donald J. Boudreaux's Economics in Many Lessons: Free markets are necessary but not sufficient

No one believes more than I do in the universality and permanence of the basic laws of economics. If, say, Smith's cost of mowing ...

Saviors need victims to save

The wealthier a society, the better. The only people who believe otherwise are misanthropes and those who are utterly ignorant of history. Yet growing wealth ...

Donald J. Boudreaux's economics in many lessons: How to respond to 'unfair' trade

Protectionists today rarely admit to being protectionists. Most of them proclaim their allegiance to free trade but quickly follow up with a "but" — as ...

The dignity of free trade

Economists since Adam Smith have insisted that the ultimate goal of economic activity is consumption, not production. Production is a means to consumption. Consumption is ...

Donald J. Boudreaux's Economics in Many Lessons: Does free trade have losers?

Today's enthusiasm for protectionism is unintentionally fueled by many friends of free trade who feel obliged to concede that "free trade has losers." The argument ...

Which presidential candidate will do the least harm?

The November election will almost surely feature an unprecedentedly bad choice: Hillary Clinton vs. Donald Trump. A calculating, power-mad machine politician with a history of ...

Economics in many lessons: The reality of voting

Political disagreements take two major forms. One form is disagreement over ultimate goals or values, such as whether abortion should be legal. The other form ...

Sanders, Trump & the people's choice

Now that we're in the throes of the presidential primaries, establishmentarian pundits are warning that Democrat voters would be crazy to nominate Bernie Sanders and ...

Social insecurity

An easy case for government intervention requires just one mistaken assumption: Ordinary people cannot take care of themselves as well as government officials will take ...