“The Bible tells us to ‘love one another,’ but the world is big, and love is scarce. Adam Smith’s great insight was that ‘the Author of nature’ allows us to serve others in markets as if we loved everyone. In Mere Economics, we learn the fundamentals of markets and how that system can work for all of us.”
—Michael C. Munger, professor of political science and economics, Duke University
Join us for a reception and conversation with Senior Fellow and David J. Theroux Chair Phillip W. Magness and Research Fellow Art Carden, as they discuss Carden’s new book, Mere Economics: Lessons for and from the Ordinary Business of Life!
Charts. Graphs. Spreadsheets. A world drained of color. Lost in abstraction. The dismal science. That’s what people say economics is.
But nothing could be further from the truth.
In his latest book, Mere Economics: Lessons for and from the Ordinary Business of Life, co-authored with Research Fellow Caleb Fuller, acclaimed economist Art Carden brings vividly to life how much of our lives, both historically and in the present, the simple principles of economics can explain. Conversational, inviting, and deeply human, the book makes the case that economics isn’t about sterile transactions or faceless markets. It’s about people. Choices. Meaning.
Dr. Magness and Dr. Carden will dive into the deepest and most fundamental questions of economics in an inspiring conversation you won’t want to miss.

