Donald J. Boudreaux

Donald J. Boudreaux is a senior fellow with American Institute for Economic Research and with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University; a Mercatus Center Board Member; and a professor of economics and former economics-department chair at George Mason University. He is the author of the books The Essential Hayek, Globalization, Hypocrites and Half-Wits. He writes a blog called Cafe Hayek and a regular column on economics for the Pittsburgh Tribune-Review. Boudreaux earned a PhD in economics from Auburn University and a law degree from the University of Virginia.

The So-Called “Trade Deficit”

The conventional tale of trade deficits fails so utterly to square with reality because tellers of this conventional tale never seriously bother to attempt to understand why foreigners are willing, decade after decade, to send to America more goods and services than they receive in return from America.

“Common Good Capitalism” vs. Capitalism

Far from ordinary Americans being crushed in the last few decades by globalization and the entrepreneurial dynamism ordinary Americans’ economic opportunities have expanded and their standard of living has skyrocketed.

Unilateral Free Trade: An Open Letter to British Prime Minister Rishi Sunak

Advocate and work for a removal of all protective barriers erected by the British government without concern for whether governments in the US and elsewhere follow suit. Were you to pursue a policy of unilateral free trade, you would honor – by following it – Britain’s glorious free-trade tradition.

On Skepticism of Covid-19 Vaccines

Vaccination against Covid is today insisted upon with the same fervor that religious zealots centuries ago exhibited when insisting upon the truths of their particular dogmas. If governments and public-health officials are looking for people to blame for vaccine hesitancy, they need only look in the mirror.

The Inevitable Failure of Socialism

“As soon as one gives up the conception of a freely established monetary price for goods of a higher order, rational production becomes completely impossible.” – Ludwig Von Mises

What Is Comparative Advantage?

Your building your own deck would be worthwhile only if your cost of doing so is less than the cost of having someone else, such as Jones, build it for you.

The Case Against Immigration Quotas

If quotas on immigration are an essential tool for protecting us Americans from being terrorized on our own soil, why do we still have no quotas on foreigners who come to America as visitors? Must someone be a resident of the U.S. in order to unleash terror in America?

Case for Unilateral Free Trade (with Exceptions)

The coherent and correct case for free trade is, again, a case for unilateral free trade, one that applies to each country individually (with exceptions for isolated circumstances such as national defense).

Voice of Capitalism

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