Archive for Peter Stein
Perspective: Sweden
In a society where individuals cannot easily increase their income, or accumulate private wealth by ordinary work, they turn increasingly to the zero-sum game of transferring incomes from one another rather than engaging in the positive-sum game of producing income through work, capital accumulation or productive risk- taking. The problem is not that it is [...]
1Nov1990 | Peter Stein | 1 comment | Continued-
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JPMorgan Chase and Casino Banking
JPMorgan Chase & Co., one of the nation’s leading banks, revealed in May that a London trader racked... Read More
Individualism, Trade-Unions, and “Self-Governing Combinations”
Who do you imagine said this? “[Trade-unions] seem natural to the passing phase of social evolution,... Read More
Bubbles, Malinvestment, and Higher Education
Many commentators are asking whether the next big bubble to burst will be the debt associated with the... Read More
JPMorgan’s Blunder Is No Market Failure
I am not going to try to defend JPMorgan Chase for its recent, widely reported financial blunders. ... Read More
For Equality; Against Privilege
This TGIF originally ran July 7, 2006. The freedom philosophy can be boiled down to two phrases: for... Read More
