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Learn economics from the Austrian School. The economics of the Austrian school are based on economic law and logical deductions. You won’t find breaking windows or digging ditches for the sake of it here.

anthony gill

Teaching “Tips”: An Economic and Pedagogical Defense of Gratuities | Anthony Gill 

A few upscale restaurants in the United States recently have ended the practice of tipping their wait staff, preferring a fixed labor cost method of compensation. This attempt to change this long-standing cultural practice presents a fascinating opportunity to explore a variety of economic concepts including principal-agent problems, gains-from-trade, price discrimination, and cultural institutions designed […]

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Edward Stringham on Radically Rethinking Police

The US criminal justice system is hopelessly broken, riddled with bad incentives and bad actors. In the wake of recent police shootings, Dr. Ed Stringham joins Jeff Deist to help us understand how and why private security firms could create vastly better outcomes for crime victims, society, and even perpetrators. This is a fascinating discussion […]

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