Archive for Phil Murray
Phil Murray teaches economics at Webber International University in Babson Park, Florida.
Peddling Protectionism: Smoot-Hawley and the Great Depression
One of the more infamous pieces of legislation in American history is the Smoot-Hawley Tariff. Willis Hawley, a Republican member of the U.S. House from Oregon, promised the bill would create “a renewed era of prosperity.” Reed Smoot, a Republican senator from Utah, claimed, “[T]he Depression would have been worse without the higher tariff.” No [...]
26Apr2012 | Phil Murray | 0 comments | ContinuedGlobalization: The Irrational Fear that Someone in China Will Take Your Job
With the Obama administration turning toward trade protectionism, this is a good time to revisit the age-old controversy over free trade. Recent arguments have often centered on the supposed evils of globalization, and Globalization attempts, with only partial success, to deal with globalization anxiety. According to Greenwald (who teaches in Columbia University’s Graduate School of [...]
20Apr2010 | Phil Murray | 0 comments | Continued-
The Latest
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
