Sandy Ikeda

Competition in the Marketplace of Libertarian Ideas

Reflections on the International Students for Liberty Conference (ISFLC) SANDY IKEDA, THE FREEMAN I just returned from the eighth International Students for Liberty Conference (ISFLC), which...

Wages and the Free Market, Part 1

Dispelling labor market myths with theory and data SANDY IKEDA, THE FREEMAN If you have a superficial understanding of modern economics, the following argument sounds plausible:...

Slogans or Science?

SANDY IKEDA, THE FREEMAN The debate over raising the legal minimum wage (LMW) to $10 an hour has people on both sides saying things they...

The Bonsai and the Candy Bag

SANDY IKEDA, THE FREEMAN It’s natural to pay attention to something that has a high market value, but to take little notice of something of...

Urban Design and Social Complexity

SANDY IKEDA, THE FREEMAN This week’s column is drawn from a lecture I gave earlier this year at the University of Southern California on the...

Um, Scarcity?

SANDY IKEDA, THE FREEMAN The new mayor of New York wants to make city streets safer. According to The New York Times: Mayor Bill de Blasio...

Passing a Law Won’t Get It Done

SANDY IKEDA, THE FREEMAN I’ve become so annoyed by prime-time demands by politicians for government intervention to solve this or that perceived social problem: low...

Ikeda: Thinking Outside the Circle

Political spectra are often designed to make a "center" appear reasonable. SANDY IKEDA, THE FREEMAN A circle is sometimes a useful image, but not in the...

The Right to Not Sell

SANDY IKEDA, THE FREEMAN A common belief about the free market is that it’s mainly, if not exclusively, about making as much money as you...

Broken-Windows Macroeconomics

SANDY IKEDA, THE FREEMAN As I’ve written before, every time I teach microeconomics I remind students that the fundamental difference between macroeconomics and microeconomics has nothing...

The Virtue of Market Inefficiency

SANDY IKEDA, THE FREEMAN Markets are often rightly characterized as extraordinary problem solvers. Under the right rules of the game (including private property, free exchange,...

Moving Beyond Free-Market Minimalism

SANDY IKEDA, THE FREEMAN The “economic point of view” means, to a lot of people, assuming people are nothing but cost-cutting opportunists—economizers who wouldn’t hesitate...

What Ever Happened to Division of Labor

SANDY IKEDA, THE FREEMAN Very early in The Wealth of Nations Adam Smith discusses the concept of the division of labor and its importance for...

“You Didn’t Build That . . .”

SANDY IKEDA, THE FREEMAN In a recent stump speech President Obama articulated a view of the social world that reflects an all-too-common political perspective. Here...

Individualism Versus Selfishness-ism

Adam Smith and F. A. Hayek had it right SANDY IKEDA, THE FREEMAN The citizens of a free society keep political power to a minimum and...

Cavemen, Money, and Spontaneous Orders

SANDY IKEDA, THE FREEMAN Who invented money?  Who invented market prices?  Who invented cities?  What about language?  The answer is: no one. But wait!  Don’t people...

Donald Shoup Takes San Francisco

Sandy Ikeda, The Freeman Every so often during his tenure as mayor of New York, Michael Bloomberg has tried to push through congestion pricing, in...

Super Bowl Versus Education

Free Enterprise Zone, The Freeman, Sandy Ikeda In the spirit of Super Bowl weekend I’d like to deconstruct a Facebook status update that a friend...

Commerce and Artistic Freedom

SANDY IKEDA, THE FREEMAN In the early 1500s Albrecht Dürer was perhaps the most famous artist in northern Europe.   A recent article in The Economist...

Don’t Tread On Others

Free Enterprise Zone, The Freeman, Sandy Ikeda Recently on Facebook someone posted an image of the famous Gadsden flag:  the yellow banner with a coiled...