All Posts Tagged With: "economic history"

The Myth of U.S. Prosperity during World War II

World War II, the so-called Good War, has been a fount of historical fallacies. One of the greatest—and one of the most pernicious for subsequent policymakers—is the notion that prosperity prevailed during the war. Although Americans might have been dying in the Pacific and European theaters of war, people on the home front actually benefited [...]

8Sep2011 | Robert Higgs | 2 comments | Continued

Freeman articles on American Presidents

Selected from The Freeman Archives: Our Presidents and the National Debt, By Burton Folsom During the last 75 years the United States has failed to balance its annual budget over 90 percent of the time. What’s worse, the government has spent money so recklessly that we now owe over $8.2 trillion, and Congress recently raised [...]

17Feb2011 | Tsvetelin M. Tsonevski | 1 comment | Continued

For the Survival of Democracy: Franklin Roosevelt and the World Crisis of the 1930s

The latest New Deal synthesis is For the Survival of Democracy by veteran historian Alonzo Hamby of Ohio University. What makes Hamby’s research design different is that he describes the development of Franklin Roosevelt and the New Deal in an international context. Specifically, he weaves the American narrative with events in Britain and Germany in [...]

8Jul2010 | Burton W. Folsom Jr. | 0 comments | Continued

Why Did the National Road Fail?

“Let’s build a national road across the country!” many Americans cried in the early 1800s. The idea of a national road was appealing because it would encourage settlement by connecting the East Coast with the interior of the recent Louisiana Purchase. So popular was the idea that in 1806, Congress voted to fund such a [...]

7Jul2010 | Burton W. Folsom Jr. | 1 comment | Continued

E.G. West: Champion of the Market for Education

(Editor’s Note: Professor E. G. West, the distinguished economist and historian of education, died last October 6 at the age of 79. His most recent articles in this magazine, “The Spread of Education Before Compulsion: Britain and America in the Nineteenth Century” and “Classical Libertarian Compromises on State Education,” appeared in the July and October [...]

29Jun2010 | Charles K. Rowley | 0 comments | Continued

Unmasking the Sacred Lies

Unmasking the Sacred Lies is an excellent introduction to the major economic policies of the United States. Author and Freeman contributor Paul A. Cleveland traces the history of those policies up to 2008, explains their effects, and explores their alignment with the nation’s founding principles. The book aims to “shed light on the underlying lies [...]

5Jan2010 | Joseph G. Lehman | 1 comment | Continued

A Failure of Capitalism: The Crisis of ’08 and the Descent into Depression

Richard Posner’s latest book belongs to the fast-expanding cottage industry of financial crisis books. A federal judge with a grounding in economics, Posner would seem to be an ideal person to tackle this complicated subject. Alas, he provides neither fresh material nor an interesting perspective. Posner describes well-known events—the failure of investment banks Bear Stearns [...]

5Jan2010 | Chidem Kurdas | 1 comment | Continued

Child Labor and the British Industrial Revolution

Profound economic changes took place in Great Britain in the century after 1750. This was the age of the Industrial Revolution, complete with a cascade of technical innovations, a vast increase in production, a renaissance of world trade, and rapid growth of urban populations. Where historians and other observers clash is in the interpretation of [...]

23Oct2009 | Lawrence W. Reed | 7 comments | Continued

A Family of Heroes

In any major city, particularly a capital, the great majority of statues and memorials pay tribute to monarchs and presidents, priests, generals, and statesmen. This reflects the way history is commonly understood and taught: as the story of the achievements of those associated with political power, government, and war. Memorials to the historical figures associated [...]

23Sep2009 | Stephen Davies | 8 comments | Continued

One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe

In his latest work, One Nation Under Debt, Robert E. Wright, who has written extensively about debt and finance during the decades that marked America’s climb to economic preeminence, carefully documents the evolution of U.S. dependability and integrity in the international investment community. This reputation led to the acceptability of U.S. financial markets and government [...]

19Aug2009 | David L. Littmann | 1 comment | Continued

Human Action, 1949: A Dramatic Episode in Intellectual History

A great book, it has been remarked, is like a great castle. It can be viewed from many different angles, each offering a unique perspective. Viewing Ludwig von Mises’s monumental work from the vantage of 2009 permits one to see with great clarity one fascinating aspect of the book–the sheer drama of its emergence at [...]

19Aug2009 | Israel M. Kirzner | 5 comments | Continued

Vermeer’s Hat: The Seventeenth Century and the Dawn of the Global World

Timothy Brook has written a fascinating work on the pivotal seventeenth century, one that defies neat categorization. It isn’t a history per se, although it is about a crucial period of history. It isn’t really about economics, but it conveys a considerable amount of economic understanding. Nor is it a work on philosophy, even though [...]

11Jun2009 | George C. Leef | 1 comment | Continued

Book 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
1Jul2008 | George C. Leef | 0 comments | Continued

John D. Rockefeller and His Enemies

One hundred years ago John D. Rockefeller, America’s first billionaire and the head of Standard Oil, faced a critical issue: what should he do about the criticisms of investigative journalist Ida Tarbell? To Rockefeller, the solution was simple—ignore her. He was marketing 60 percent of all oil sold in the whole world. His company was [...]

1May2008 | Burton W. Folsom Jr. | 0 comments | Continued

A Patriot’s History of the United States: From Columbus’s Great Discovery to the War on Terror

U.S. history textbooks are important because they are a benchmark of what we as a nation value in our past and what we envision for our future. After thumbing through a recent batch of texts, David McCullough, winner of the Pulitzer Prize, concluded that “most of them, it appears to me, have been published in [...]

14Jan2006 | Burton W. Folsom Jr. | 0 comments | Continued

The Persistent Influence of Bad Ideas

Sometimes books, and the ideas they contain, have a much longer-lasting impact than anyone would expect or realize. Long after the book itself has been forgotten and languishes unread in the reserve stacks of libraries or on the shelves of secondhand-book dealers, the ideas it puts forward continue to influence people and the way they [...]

1Jul2005 | Stephen Davies | 0 comments | Continued

The Republic of West Florida: Freedom Fight or Land Grab?

Probably not one American in a hundred knows anything about the short-lived Republic of West Florida (1810). At first glance it might seem to have sprung from a worthy fight for self-government and independence from Spain. On closer inspection, however, this venture, born of low-level filibuster and high-level intrigue, illustrates the same ingrained American propensity [...]

1Jun2005 | Robert Higgs | 2 comments | Continued
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