Archive for Russell Shannon

Robots

Professor Shannon teaches in the Economics Department, Clemson University. Along many modern assembly lines, agile arms reach deftly out to solder metal parts, hang heavy doors on slowly moving auto frames, and accomplish a myriad of other tasks re quired to fabricate an automobile. One can readily imagine Henry Ford looking proudly on, observing with [...]

1May1983 | | 0 comments | Continued

Constitutional Restraints, the Market Economy, and Individual Freedom

Professor Shannon teaches in the Economics Department, Clemson University. He sat at a table, and the light of his lamp fell on the copy of an ancient document. He had marked and crossed out the contradictions in its statements that had once been the cause of its destruction. He was now adding a new clause [...]

1Jan1983 | | 0 comments | Continued

New Dimensions of Population Growth

Professor Shannon teaches in the Economics Department, Clemson University. A chart in the January 1982 issue of Reader’s Digest predicts an explosive growth in the world’s population.[1] Are we in dire danger of over-populating the world and causing widespread famine? It all depends on how you look at things. About a hundred years ago, an [...]

1Jun1982 | | 1 comment | Continued

And Now for Some GOOD Economic News!

Russell Shannon is a professor in the Department of Economics, College of Industrial Management and Textile Science, Clemson University. This past summer, the economic news was good. Congress and the Reagan Administration agreed on an unprecedented package of budget cuts and tax incentives designed to curb inflation and boost the economy. The Dow Jones average [...]

1Jan1982 | | 0 comments | Continued

Incentives and Income Taxes

Russell Shannon is a professor In the Department of Economics, College of Industrial Management and Textile Science, Clemson University. Here’s an intriguing opportunity: A book club now offers two free books to any member submitting the name of a friend who wants to join. But if you submit a second name, you will get five [...]

1Nov1981 | | 0 comments | Continued

Curbing Competition

Russell Shannon is a professor in the Department of Economics, College of Industrial Management and Textile Science, Clemson University. Is competition a good thing? Adam Smith thought so. Back in 1776 Smith prescribed heavy doses of competition, believing it to be the best means to satisfy consumers’ vast and varied wants. In some quarters today, [...]

1Jul1981 | | 0 comments | Continued

Iatrogenic Government

This past May, Mount St. Helens erupted in the Pacific Northwest. Almost simultaneously, at the other extremity of our contiguous states irate blacks erupted in violent demonstrations; 14 people perished and many buildings burned. Although the immediate cause was largely local in nature, the underlying conditions in Miami so closely resemble those in other urban [...]

1Dec1980 | | 1 comment | Continued

Book Review: American Made: Men Who Shaped the American Economy by Harold C. Livesay

(Little, Brown & Co., Boston) 1979 • 310 pages • $11.95 cloth What is the reason for America’s remarkable success? Some people say it’s our religious heritage—the principles of Judeo-Christian morality and the Protestant work ethic. Others might argue that the cause is mainly political—the democracy which allowed first all white men and then anyone [...]

1Jun1980 | | 0 comments | Continued

Scarcity

Professor Shannon is a professor in the Department of Economics, College of Industrial Management and Textile Science, Clemson University. Our economics professor enters the classroom. Walking over to the lectern, he opens his notes, smiles at the students and utters a single word: “Scarcity.” No, it is not the name of a disco hit sung [...]

1Jan1980 | | 1 comment | Continued

Table Fable

How Tom Smith drew upon his resources to cope with competition in a changing market.

1Oct1979 | | 0 comments | Continued

The Tyranny of Minorities

It is no service to the public welfare when specialists promote their interests through government intervention.

1Jan1978 | | 0 comments | Continued
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