How Private Property Promotes Human Flourishing
How Private Property Promotes Human Flourishing
How private property promotes human flourishing is the subject of a new lesson that Northwood University has posted in the complimentary online course, The Philosophy of Free Enterprise. “Next to our right to life, private property may be one of the most essential human rights,” explains Dr. Dale Matcheck, David E. Fry Endowed Professor in...
Government Versus Your Health
Government Versus Your Health
A new book by Dr. Jeffrey Singer proposes a simple idea: “Every human being of adult years and sound mind has the right to determine what shall be done with his own body.” You might think that principle is hard to argue with. Yet in Your Body, Your Health Care, Singer shows that government potentially...
By John C. Goodman
My $100 Tomato: Is Self-Sufficiency Overrated?
My $100 Tomato: Is Self-Sufficiency Overrated?
The main principle of trade policy is make or buy. “Economics” comes from the Greek word oikonomia, deriving from oikos, meaning “house” or “household,” and nomos, meaning “law” or “rule”. Thus, oikonomia originally meant “prudent household management,” including labor, finances, and property, to ensure stability and self-sufficiency for the family. Over time, the term expanded...
By Michael Munger
Does Britain Hate Wealth?
Does Britain Hate Wealth?
Too expensive even for the rich. Do the wealthy hate Britain? You would be forgiven for thinking so, from the way wealthy people and companies are fleeing the country. As many as 11,000 millionaires have left since the beginning of 2024, often taking their businesses with them. The effects are finally being felt: in April...
By Dr. Jake Scott
The Drivers of Prosperity
The Drivers of Prosperity
Reading this article in the comfort of civilization, from a sophisticated tech device, not having to worry about whether you’ll be able to afford dinner later today, or whether you’ll sleep in safety, it might seem natural to assume that this level of comfort is the natural state of Homo sapiens. Nothing could be further...
By Lonis Hamaili
Congress Must Take Back Control Over Tariffs
Congress Must Take Back Control Over Tariffs
On April 2, President Donald Trump made a sweeping declaration that could reshape the global economic landscape for years. Deemed “Liberation Day,” his announcement of reciprocal tariffs on nearly every major trading partner marked the most dramatic shift in American trade policy levels not seen in a century since the infamous Smoot-Hawley Tariff Act of...
Running on Empty
Running on Empty
Bolivia’s fuel pumps are running on empty, an almost unthinkable crisis for a country once known for its vast natural gas reserves. Long lines of trucks and cars stretch through city avenues, with drivers waiting hours or even days for gas or diesel. Bolivia’s state-run energy model has produced a fuel shortage. How did a...
By Fabricio Antezana Duran
Capitalists Against Capitalism
Capitalists Against Capitalism
The Trump administration’s tariffs and the damage they could cause to people’s livelihoods globally are a rude reminder that free markets matter. But we live in a time when the mainstream voices of the media, academia, and politics are hopelessly preoccupied with their disdain for “capitalism.” Despite the unprecedented progress and technological advancement free markets...
A New Era for The Northwood Idea: Benzecry is Next David E. Fry Professor of Free Market Economics
A New Era for The Northwood Idea: Benzecry is Next David E. Fry Professor of Free Market Economics
Northwood University recently announced the appointment of Dr. Gabriel Benzecry, a rising star in the field of Austrian economics and history of economic thought, as the new David E. Fry Professor of Free Market Economics, effective Fall 2025. Dr. Benzecry currently serves as an Assistant Professor and Bretzlaff Scholar at Northwood University. Like Dr. Fry,...
By Kate Hessling
‘The Value of Others’ Isn’t Especially Valuable
‘The Value of Others’ Isn’t Especially Valuable
Psychotherapist Orion Taraban, host of the enormously popular PyschHacks YouTube channel, has a new book out. In The Value of Others: Understanding the Economic Model of Relationships to Get (and Keep) More of What You Want in the Sexual Marketplace, he attempts to explain dating and romantic relationships through the lens of economics. It’s an...
By Julian Adorney
Beyond Party Lines: How One 19th-Century Leader Chose Ideals over Loyalty
Beyond Party Lines: How One 19th-Century Leader Chose Ideals over Loyalty
Carl Schurz (1829–1906) was one of many Prussian exiles who arrived in the United States following the failed revolutions of 1848. After reforms failed to materialize in Europe, Schurz became one of the German “48ers” who came to America to escape political persecution for his role in the unsuccessful uprisings. Schurz went on to contribute...
By Justin Madura
Why Tariffs Don’t Fix Trade Deficits
Why Tariffs Don’t Fix Trade Deficits
Imagine two businesses across the street from each other: a hardware store and a café. Once a year, the café buys a set of pans from the hardware store to keep its kitchen running. Meanwhile, every day, the hardware store’s employees and the managerial staff pop over to the café for lunch—sandwiches, coffee, maybe a...
By Allen Gindler
Protectionism is No Treat: The Hidden Costs of Trade Barriers
Protectionism is No Treat: The Hidden Costs of Trade Barriers
Why does the Spangler Candy Company make its famous Dum Dum Lollipops in Bryan, Ohio, and its candy canes down in Juarez, Mexico? The answer to that question has a lot to teach us about the hidden costs of protectionist policies. It starts with the influence of the American Sugar Lobby, which contributes millions of...
By Dr. Dale Matcheck
Liberty, Borders, and the Future of the American Experiment
Liberty, Borders, and the Future of the American Experiment
The following Student View by Barrett Tefft, Anthony Storer, and Alexander “Noel” Tokarev appears in the April 2025 When Free to Choose, a signature publication by Northwood University. Some see immigration as a human right. If that’s true, we need open borders. Others say the failure of the previous administration to stop the flow of...