If Boeing got a big head start on the 707 from multibillion-dollar military contracts to develop an air force transport, is that a sin against free trade?

In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage.

When laissez-faire creates instability, the move to a freer market can be something less than pure gain.

Technological advance often thrives in sheltered and subsidized markets, which defy free trade.

American critics of welfare statism are often surprised to learn that countries like West Germany, with a much more comprehensive welfare state and a statistically larger public sector, have fewer government employees per capita than the United States does.

As a scholarly discipline, economics has always suffered from physics envy.

What do you call an economist with a prediction? Wrong.