Donald Boudreaux

Does your supermarket own part of your income?

You work and get paid. To whom do your after-tax earnings belong? Do they all belong to you or does some portion of them belong ...

Should Gates clean his own toilets?

A popular argument against free trade is the following: Workers in high-wage countries are impoverished if they trade freely with workers in low-wage countries. If ...

Get the full 'picture'

A popular formula for television police dramas is to make it appear initially as if the murderer is Smith and then, only at the end ...

Labor Dept. works overtime to harm workers

Starting Dec. 1, the Department of Labor will force businesses to pay millions of salaried workers time and a half for every hour over 40 ...

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 ...