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Category Archives: Political Economy

Don Boudreaux, an alum of Nicholls, is the inaugural speaker for the  Frederic Bastiat Guest Lecture Speaker, Donald J. Boudreaux, Ph.D., J.D. who will speak in the Ridley J. Gros, Jr. Auditorium in Powell Hall, Thursday, November 13th at 1:30 and at 7 p.m.  His talk is titled “The lens of economics.” He is the […]

This post was written by my long-time friend and graduate school classmate and recently retired professor of economics from McNeese, Dr. Mike Kurth.  This article appeared in Lagniappe, a Lake Charles magazine.  I have his permission to post. Democracy may be a great political system, but it is not perfect.  One of its flaws is what […]

In the headline here, I am not saying that people do not cause droughts, because some droughts somewhere might be caused by man-made climate change.  That could be.   The point here is simply that droughts do not cause the shortages.  We will get to this point later. For now, let us understand that since there […]

If you have ever seen the movie “Braveheart,” you have to recall William Wallace’s (Mel Gibson) final cry for freedom–freedom of the Scots from the Brits.  Here is Gibson’s moving “freedom speech” from the movie.  His freedom cry at the end is a little too gruesome to link to–more frightening than this picture. Well, tomorrow, the […]

In 1973, David Friedman published an interesting book, The Machinery of Freedom, largely a compilation of essays concerning how anarcho-capitalism can work.  One of his essays is on how mass transit can be produced privately and that the infrastructure for it is largely in place.  Recently, two companies have started operating worldwide, Uber and Lyft, […]

In previous posts, I have pointed out the consequences of price controls, especially in Venezuela. Venezuela has had food shortages, diaper shortages, medicine shortages,  and all of these shortages occur because the government there has sought to keep prices below equilibrium values.  Food, and medicine are both needed to keep their people from dying and […]

In a previous post, I suggested that what we call sweatshops are factories where workers are not treated well, but that these sweatshops offer workers a better life than they had, otherwise the workers would not agree to work there.  The pay in these factories, while quite low compared to U.S. and advanced economies’ pay […]

About three weeks ago, this story broke about rationing of appointments and treatment in a Phoenix VA hospital facility, rationing which has supposedly led to at least 40 deaths as these vets awaited treatment.  The rationing is due to two factors: 1) global budgeting of the VA hospital system capping total spending and 2) a lack of […]

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