Archive for David M. Levy

Parasite Economics

Contemporary anti-market voices characterize market economies as “parasitic” and traders as “parasites”: “Experience has shown that capitalism is the real source of basic evils in society. . . . Social parasites suddenly emerged with billions. Thus, it became clear to all that U.S. capitalism was a big trap and suicide. As a result, the majority [...]

1Jun2002 | and and David M. Levy | 2 comments | Continued

150 Years and Still Dismal!

David Levy is a professor of economics at George Mason University. In December 1849 Thomas Carlyle published “Occasional Discourse on the Negro Question” in the London monthly Fraser’s Magazine. In it he labeled the economics of his contemporaries “the dismal science.” In the next issue of Fraser’s, the greatest British economist of that era, John [...]

1Mar2000 | David M. Levy | 5 comments | Continued
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