Alex Tabarrock is a libertarian whose political ideology tends to support higher income for the elites.  For example, he writes: Steven Ballmer announced today that he would retire. Microsoft stock shot up immediately …an increase in value of about $18…

Updated 9/26/2023 Intellectual property was so important to the founders of the USA than they put it right in the first section of the Constitution (Article 1).  The founders wrote that their rational was “To promote the progress of science…

Both Democrats and Republican Claim To Defend the “Little Guy.”  Who Is Lying?  Medianism can help. The Hill recently wrote that both Democrats and Republicans are claiming that they are defending “average citizens” from the other party who is protecting…

Daniel Little reviewed Jon Elster’s new book and summarized it thusly: The fundamental point that Elster takes from Bentham is that institutions should not be considered in terms of their ideal functioning, but in terms of how they will function…

The internet has destroyed or reduced the profits in numerous industries by lowering prices and making people better off by increasing the services that we enjoy.  For example, recorded music is much less profitable today than in the heyday of…