Korea’s Low Fertility Rate – Conversable Economist

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Fertility rates are falling around the world, but Republic of Korea is the outlier, with a fertility rate of 0.72 in 2024. The...

American Association of Physicians and Surgeons Opines on … Gold

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For my sins, I get emails from AAPS:  central banks globally are buying gold, but since 2021, foreign official purchases of the U.S. Treasury...

The Inescapable Principle of Comparative Advantage

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In a recent article in The Financial Times Nat Dyer argues that economists misunderstand tariffs. He points out that tariffs have political and...

Why Nogales Fails – Econlib

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In their influential magnum opus, Why Nations Fail, Daron Acemoglu and James A. Robinson develop the proposition that the wealth of nations is...

Popular Economics Books to Read or to Avoid

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This article has two lists: a list of popular economics books that I recommend reading; and a list of popular economics books that...

Law, Legislation, and Libertarianism – Econlib

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A Book Review of Common Law Liberalism: A New Theory of the Libertarian Society, by John Hasnas. “Look around.” John Hasnas’s main political advice...

The Economics of Tariffs and Trade (with Doug Irwin)

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0:37Intro. Russ Roberts: Today is April 22nd, 2025, and my guest is economist and author Doug Irwin of Dartmouth College, where he is...

Alternative Estimates of Output | Econbrowser

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GDP is a measure of output from the spending side.  A standard alternative measure is Gross Domestic Output (GDO), the average of GDP...

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