Economics

August 08, 2019

Freedom vs. the new freedom: Reflections on the early Drucker

Peter Drucker’s first book, The End of Economic Man (1939), attempted to explain the growing appeal of fascism and Marxist communism in the first half of the twentieth century. For example, he wrote: The old aims and accomplishments of democracy: protection of dissenting minorities, clarification of issues through free discussion, compromise between equals, do not help in the new task of banishing the demons. Continue Reading...

August 05, 2019

Magic cards and market forces

Back in the 1990s, the debut of Magic: The Gathering marked a new form of gaming: collectible card games. While many may remember it similarly to Pogs, for example, Magic survived where Pogs did not. Continue Reading...

August 01, 2019

Democrats demonize corporations in second debate

Last night was the second night of the Democrats’ second primary debate. It is the last some candidates will appear on stage, as they likely won’t meet the higher threshold for the third debate in September. Continue Reading...

July 31, 2019

Protecting farmers or crony capitalism?

Reuters reported today that a large portion of US farm aid went to the wealthiest farmers and advocacy group. More than half of the Trump administration’s $8.4 billion in trade aid payments to U.S. Continue Reading...

July 30, 2019

Innovation in Nepal: Lessons on economic freedom from a farmer-entrepreneur

Agriculture is a way of life for the people of Sugauli Birta, a small village in Nepal. But while farmers invest much of their time and energy in their crops, they often spend long hours traveling across the region to have their grain and rice ground by regional mills. Continue Reading...

July 25, 2019

Virtue in a tech economy: Why STEM education isn’t enough

As our global economy has grown more technological, connected, and complex, fears continue to loom about an economic future wherein our workers are rendered obsolete—whether by new products and industries, new forms of automation, or more competitive labor forces across the globe. Continue Reading...

July 23, 2019

How ideologues devalue and dismiss economics

Economics is often dismissed as ideological, reductionist, and mendacious. In the United States we see these criticisms increasingly from both the political left and right. This should come as no surprise as the lessons of economics have implications for the prudential decisions that make up much of our political life. Continue Reading...

July 22, 2019

Bernie Sanders: The apologist for inequality

Since Bernie Sanders announced his candidacy for president in the 2020 election, he has brought a seemingly disastrous and looming problem to the attention of the American people, much like he did in his 2016 run: income inequality accompanied by the tyrannical rule of the elite 1%. Continue Reading...

July 16, 2019

Washington’s ‘Public Option’ meets economic realities

Sarah Kliff did some fine reporting on, ‘The Lessons of Washington State’s Watered Down ‘Public Option’’ for the New York Times last month, For those who dream of universal health care, Washington State looks like a pioneer. Continue Reading...

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