All Posts Tagged With: "economic growth"
Understanding the Process of Economic Change
In the late 1980s, as the Soviet empire began to collapse in central Europe, a burning policy issue emerged: how to transform socialist economies into functioning market-oriented societies. As this discussion developed, it was astounding to discover how little the economics profession was able to contribute. For example, at an annual meeting of the American [...]
8Jul2010 | Richard M. Ebeling | 0 comments | ContinuedDéjà vu All Over Again
“[A]ll things recur eternally. . . .” ––Nietzsche, Thus Spake Zarathustra Sometimes I think Nietzsche was right. It happens when I read things like this from the New York Times last January: “An international team sponsored by the United Nations proposed a detailed, ambitious plan on Monday that it says could halve extreme poverty and [...]
8Jul2010 | Sheldon Richman | 0 comments | ContinuedHigher Income Taxes Are Benign?
In a recent issue of the online magazine Slate, former New York Governor Eliot Spitzer attempts to debunk the alleged myth that higher taxes reduce growth. Spitzer opens with the undeniable truth that the “American debate over taxes is ferocious and highly partisan.” If only he had continued to state the obvious, we would not [...]
30Jun2010 | Jeb Bleckly | 11 comments | ContinuedThe Moral Consequences of Economic Growth
Benjamin Friedman is a professor of political economy and a former chairman of the economics department at Harvard University. He is also an unswerving advocate of the interventionist welfare state. His recent book, The Moral Consequences of Economic Growth, is meant to demonstrate what is necessary to assure that the majority of the people will [...]
18May2010 | Richard M. Ebeling | 1 comment | ContinuedThe Balance-of-Payments Deficit: Not to Worry
Quick. What’s the trade deficit between California and the rest of the world? Don’t try Googling it because you won’t find an answer. No government agency—or private entity—computes the dollar value of goods that people in the rest of the world sell to or buy from Californians. Why not? Because it doesn’t matter. Yet governments [...]
5Jan2010 | David R. Henderson | 8 comments | ContinuedBook Reviews – July 2008
- A Farewell to Alms by Gregory Clark Reviewed by Gene Callahan
- Freedomnomics: Why the Free Market Works and Other Half-Baked Theories Don’t by John Lott Reviewed by Robert P. Murphy
- Our First Revolution: The Remarkable British Upheaval that Inspired America’s Founding Fathers by Michael Barone Reviewed by Martin Morse Wooster
- Nanny State: How Food Fascists, Teetotaling Do-Gooders, Priggish Moralists, and Other Boneheaded Bureaucrats Are Turning America Into a Nation of Children David Harsanyi Reviewed by George Leef
Aid, Trade, and Institutional Quality in Africa
Joshua Hall is pursuing his Ph.D. in economics at West Virginia University. Matthew Hisrich is a senior policy fellow with the Flint Hills Center for Public Policy in Kansas. Screenwriter Richard Curtis received a great deal of attention for his 2005 movie The Girl in the Café. The film was the big-screen component of the [...]
1Jan2007 | Joshua C. Hall | 0 comments | ContinuedExport-Led Recovery, Multipliers, and Other Fanciful Notions
Christopher Lingle is senior fellow at the Centre for Civil Society in New Delhi and visiting professor of economics at Universidad Francisco Marroquín, Guatemala. Many developing and emerging market economies are struggling to keep their economic growth rates high enough to raise local standards of living. Moreover, many governments responded to lagging economic conditions by [...]
1Oct2006 | Christopher Lingle | 1 comment | ContinuedThe Disconnect Between Political Promises and Performance
What can politicians do to create more higher paying jobs? Politicians must think that most of us believe the answer is: a lot. One of the most persistent campaign promises is the creation of good jobs at good wages. I shall argue that politicians can do quite a number of things to increase high-wage employment. [...]
1Apr2006 | Dwight R. Lee | 0 comments | ContinuedWhy Not Monetary Freedom?
In all of the commentaries that have appeared since President George W. Bush nominated Dr. Ben S. Bernanke as Alan Greenspan
1Dec2005 | Richard M. Ebeling | 0 comments | ContinuedIntervention Explains Economic Success?
On the first day of an introductory statistics class a student is likely to learn the maxim “correlation isn’t causation.” Simply put, the correlation (a statistical relationship) between two variables doesn’t mean that one caused the other. That the sun rises when roosters crow does not mean that roosters cause the sun to rise. To [...]
1Jun2005 | Jude Blanchette | 5 comments | ContinuedThe Business Revolution of the Nineteenth Century
The business corporation is one of the most maligned and disliked institutions of our time. The criticism comes from many parts of the political spectrum, and its substance has become a common-sense assumption for many. As ever, much of this criticism lacks historical perspective, despite the inclusion of historical accounts of the growth of large [...]
1Apr2005 | Stephen Davies | 0 comments | ContinuedFree Trade and the Climb Out of Poverty
Over the thousands of years of human history, poverty and early death have been the norm, with comfort and longevity the exceptions. The improvements in the human condition, at least on average, seen over the course of the twentieth century dwarf the improvements of the previous centuries combined. By virtually any measure one can imagine, [...]
1Mar2005 | Steven Horwitz | 1 comment | ContinuedThe Facts about World Hunger
Jim Peron is editor of Free Exchange, a monthly newsletter, and the owner of Aristotle’s Books in Auckland, New Zealand. The headline in the New York Times screamed: “World Hunger Increasing, New U.N. Report Finds.” Coming as it did just two days before Thanksgiving, the irony couldn’t be lost on the average reader. The opening [...]
1Sep2004 | James Peron | 2 comments | ContinuedThe Irish Miracle
Karl Sigfrid is a graduate student in business administration and economics at Stockholm University in Sweden. European advocates of the freedom philosophy are rarely enthusiastic about their own continent—a world center for high taxes and overregulated markets. When asked to pick their favorite society, they will usually select Hong Kong or—less often—the United States. Too [...]
1Apr2004 | Karl Sigfrid | 0 comments | ContinuedChina’s Forgotten Industrial Revolution
We live in a world that has been shaped by a process that began some 250 years ago in northwestern Europe. We often call it the Industrial Revolution because one of its most dramatic features was the appearance of industrial manufacture with the rise of the factory system. However, this was only one element and [...]
1Jun2003 | Stephen Davies | 0 comments | ContinuedGermany: From the Market to Socialism—and Back?
Germany is still the third biggest economy in the world, but like the second (Japan) it is suffering from rising unemployment (approaching four million or 10 percent of the workforce), massive capital flight, a growth rate approaching zero, workers who were once a legend for productivity but who are now over-educated and reluctant to do [...]
19Apr2003 | Norman Barry | 1 comment | Continued-
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