decentralized systems of order are more efficient, and hence more desirable, because they better account for and respond to dispersed knowledge across diverse communities with unique customs, ambitions, and values. Heterogeneous, bottom-up systems g
The success of Scandinavian economies is despite their generous tax-and-spend policies, not because of them. You can thank the Scandinavian work ethic for their success - not the laws of economics being suspended.
If we insist that western economies must continue to grow year after year for poor people even to have the basics for life, and since we know that only little of the wealth created trickles down, then before too long we will end up devouring the whol
The most recent example involves California's Proposition 10, which would allow local governments there to once again impose rent control without restriction from the state. An October 6 article in the Los Angeles Times was titled "Will Prop. 10
The Nobel Prize in Economics should be abolished, along with those for Literature and Peace. All three are passed out arbitrarily, to whomever is currently in fashion, or has the best political connections.
"Economics was everywhere and politics nowhere" was a phrase used to describe this productive, energetic, innovative, decentralized trading nation in the mid-nineteenth century. What a wonderful picture of economic freedom unencumbered by politic
A longtime labor economist and professor at the University of California, Berkeley, Brown has focused her research on wage determination, poverty and high-tech industries, but her book last year hit on a fresh concept. In Buddhist Economics: An Enlig
Most Bearish of Economic Charts Are Reason To Be Most Bullish on Financial Assets
Introduction Economics is the youngest of all sciences. But it opened to human science a domain previously inaccessible and never thought of -- the regularity in the sequence and interdependence of market phenomena.
h. But when I speak to a friendly lay audience, the first question is typically something along the lines of, "What can we do to turn this thing around?" Academic people, who are accustomed to discussing all sorts of political and economic develo
The widely-accepted "history" of America's Gilded Age was grossly inaccurate, but it told a compelling story that many fell for hook, line, and sinker.
What does the price of a good matter if you can't buy it because it's all gone?
But for all its popularity, the concept of nudging has its flaws which largely go unmentioned.
Singularity University Executive Chairman & Co-founder Peter Diamandis will share his views and predictions on the "demonetization of living" and how this shift will impact your life, your career, your organization, and the global economy.
This means that the US stock market has been generally rising for nearly a decade straight… or even more specifically, that the market has gone 3,453 days without a 20% correction.
Below are two letters to the editor in response to a recent op-ed in the Wall Street Journal about the folly of investment funds taking into consideration political and social issues in their investment decisions.
According to DNC Chairman Tom Perez, Ms. Alexandria Ocasio-Cortez is "the future of the Democrat party." Ms. Ocasio-Cortez has a bachelors degree in "economics" and "international relations" from Boston University.
Aristotle's arguments on property are still relevant today. Many free-marketeers have forgotten that there are more benefits of private property than mere economic efficiency.
Scarcity gets converted to abundance through the price mechanism, which functions as long as the economy is based on property rights, the rule of law, and free exchange.
The central banks of Germany's euro partners Italy, Spain and France owe the Bundesbank almost a trillion euros . This is a new high. - more than ever before. Tendency continues to rise. There is no security for this money. Read that last line
A popular fallacy considers entrepreneurial profit a reward for risk taking. It looks upon the entrepreneur as a gambler who invests in a lottery after having weighed the favorable chances of winning a prize against the unfavorable chances of losing
For years, I've been writing about Venezuela, describing it as the "movie" by which we can view the future of other jurisdictions that are presently in decline.
A noted free-market intellectual, Glenn Hubbard, dean of the Columbia Business School, has escaped from the economics echo chamber and admitted that prevailing dogma has holes in it. Now we need some noted left-liberals to escape from their echo cha
I don't particularly like the phrase, "the one percent." It reeks of envy and thus of socialism. But at the same time, the wealthiest people in the West really have become much wealthier in the past decade or two, while working people have, per
Wealth Strategist Warns: "Inflation Is Going To Hit Us Very Hard… Prepare An Offensive Diversification Strategy"
In this talk we give an extensive over view of self directed IRA's, alternative investments and go over tax free strategies involving Roth Ira's. If you care about procting your financial future and are interested in moving your retirement off t
. The "Rethinking Economics" initiative has brought together students unhappy with the old textbooks and academics willing to debate what they teach. This is all very much to the good.
look farther; I see in the Free Trade principle that which shall act on the moral world as the principle of gravitation in the universe ?" drawing men together, thrusting aside the antagonisms of race, and creed, and language, and uniting us in th
Charles Koch is interested in free market education. He has poured hundreds of millions of dollars into free market organizational oases located on Keynesian/Democrat university campuses. These campuses remain Keynesian/Democrat.