Archive for Sandy Ikeda

Sandy Ikeda is an associate professor of economics at Purchase College, SUNY, and the author of The Dynamics of the Mixed Economy:Toward a Theory of Interventionism.

Macroeconomics Needs SMUT

The value of anything, including labor and what it produces, is never disembodied: It is must be valuable to someone for something.

20Sep2011 | | 19 comments | Continued

Where To Begin?

Choosing the right unit of analysis is more than an academic exercise. It’s a matter of poverty and prosperity, even of death and life.

6Sep2011 | | 3 comments | Continued

Government, So Five Years Ago!

It’s not reasonable to expect government programs to be efficient or innovative.

23Aug2011 | | 11 comments | Continued

Why Caveat Emptor?

The beauty of the free market is that it lets us choose, not perfectly but better than any of the alternatives, how much we expose ourselves to uncertainty.

9Aug2011 | | 3 comments | Continued

The Breezes of Creative Destruction

As dramatic as the news of Borders’s closing has been, in the larger scheme of things economic change happens fairly slowly, at least compared to changes caused by governments.

26Jul2011 | | 7 comments | Continued

The Market: This Time It’s Personal

Freedom of movement, in physical and social space, is the essence of the free society.

12Jul2011 | | 3 comments | Continued

The Virtue of Market Inefficiency

A living economy needs to create inefficiencies, and lots of them, to set the stage for greater efficiency and ongoing innovation.

28Jun2011 | | 5 comments | Continued

Preservation at the Expense of Liberty

Using political power to preserve any cherished way of life — trying to stay the uncertain dynamic that washes through social institutions, norms, and conventions — is not only futile but ultimately destructive of liberty.

14Jun2011 | | 2 comments | Continued

But There ARE Free Lunches!

Creative discovery, what Israel Kirzner calls “entrepreneurship,” creates value where none existed before.

31May2011 | | 0 comments | Continued

The Psychological Consequences of Rent Control

When people get used to depending on government for something as central to their lives as housing, it shapes their expectations about other areas of at least equal concern, such as jobs and health care.

17May2011 | | 5 comments | Continued

When Destruction Can Be Creative

Can destruction ever promote economic development in a way that would be better than if the situation had remained status quo ante?

3May2011 | | 5 comments | Continued

Closing Social Distance

The free market, in the large and the small, not only closes social distance, it also helps form connections that we could never have imagined.

19Apr2011 | | 3 comments | Continued

Who Should Rebuild Japan’s Cities?

No one person or group of experts needs to or should rebuild Japan if the goal is to reestablish settlements that are genuine engines of economic growth and incubators of ideas.

5Apr2011 | | 5 comments | Continued

Nature Itches

If you want to live closer to nature, be prepared to die closer to nature.

22Mar2011 | | 4 comments | Continued

Democracy and Civil Society

Having the right formal institutions in place is important, but these won’t be effective without the informal rules that undergird a civil society.

8Mar2011 | | 0 comments | Continued

The Hesitant Hand: Taming Self-Interest in the History of Economic Ideas

“The focus of this book,” according to its author, “is the interplay of self-interest, market, and the state in economic analysis from the mid-nineteenth century up through the latter stages of the twentieth.” Much of this well-written study, however, is devoted to describing the intellectual origins of the approach to political economy known today as [...]

24Feb2011 | | 0 comments | Continued

Governing the Traffic Commons

In the past dozen years or so I’ve come to appreciate more and more the nonmarket foundations of the market process.

22Feb2011 | | 8 comments | Continued
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