All Posts Tagged With: "Japan"
Private Investment and Public “Investment”
Politicians are fond of telling the public that we must “invest” in this program or that—be it education; health care; make-work infrastructure projects like the infamous “Bridge to Nowhere”; $50 million for an indoor rainforest in Iowa; $3.4 million for a tunnel to allow turtles to cross under a highway in Florida; $1.8 million for swine [...]
22Jun2011 | Adam B. Summers | 1 comment | ContinuedThe Virtues of Commerce: Lessons from Japan
One of the great questions of historical inquiry, which I have addressed in these pages and elsewhere, is exactly how the modern world came to be so different from what went before. Since about 1750 there has been a 16-fold increase in real wealth per capita on a global scale, something completely unprecedented that has [...]
22Jun2011 | Stephen Davies | 2 comments | ContinuedWho 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 | Sandy Ikeda | 5 comments | ContinuedThe Militarization of Compassion
We must not ignore the decentralized coordinating processes behind rescue efforts and humanitarian assistance.
21Mar2011 | Peter J. Boettke | 8 comments | ContinuedAddressing Local Knowledge
Friedrich Hayek argued that “local knowledge” or “particular knowledge of time and place,” such as rules of thumb or skills learned by doing, is more important than the kind of knowledge that can be written down and objectively conveyed.
3Aug2010 | Sandy Ikeda | 4 comments | ContinuedThe Great Chinese Inflation
Inflations have undermined the cultural and economic fabric of society, bringing social chaos and revolution. One example is the Great Chinese Inflation of the 1930s and 1940s. Indeed, the destruction of the Chinese monetary system during this period helped Mao Zedong’s communist movement triumph on the Chinese mainland in 1949. In the nineteenth and early [...]
5Jul2010 | Richard M. Ebeling | 3 comments | ContinuedThe Failure of Keynesian Economics
That anyone can still believe Keynes’s General Theory holds any answers to the world’s economic problems is one of those sad facts that make one realize just how difficult it is to gain headway in the dismal science. An article on John Maynard Keynes in the Washington Post late last year, which argued that “Keynes’s [...]
25Jun2010 | Steven Kates | 19 comments | ContinuedTransforming America: The Bush-Obama Stimulus Programs
George W. Bush’s and Barack Obama’s “stimulus” programs will permanently transform the American economy. The market-based system that has produced unprecedented prosperity relies on profit and loss, which rewards individuals and firms that add value to the economy and penalizes those that detract value. The various stimulus programs undermine that system. My discussion will focus [...]
19Aug2009 | Randall G. Holcombe | 13 comments | ContinuedBook Reviews – 2008/5
The Politically Incorrect Guide to the Constitution by Kevin R. C. Gutzman Regnery • 2007 • 258 pages • $19.95 paperback Reviewed by J. H. Huebert Conservative commentators often tell us that if only we would get back to the Constitution as it was understood, say, 100 years ago, all would be well with our [...]
1May2008 | George C. Leef | 0 comments | ContinuedThe Americanization of Japan
Norman Barry (norman.barry@buckingham.ac.uk) is a professor of social and political theory at the University of Buckingham, UK, the country’s only private university. Although it was an up-and-down 2006 for the Japanese economy, there have been signs of an emergence from its long recession. Unlike previous recoveries that proved short-lived, this one shows every indication of [...]
1May2007 | Norman Barry | 4 comments | ContinuedHow U.S. Economic Warfare Provoked Japan’s Attack on Pearl Harbor
Ask a typical American how the United States got into World War II, and he will almost certainly tell you that the Japanese attacked Pearl Harbor and the Americans fought back. Ask him why the Japanese attacked Pearl Harbor, and he will probably need some time to gather his thoughts. He might say that the [...]
1May2006 | Robert Higgs | 12 comments | ContinuedJapan, Germany, and the End of the Third Way
Norman Barry is a professor of social and political theory at the University of Buckingham, UK, the country’s only private university. Last year’s election results in Japan and Germany are not only important for those countries but also have wider lessons, for they herald a decisive defeat for a once-fashionable doctrine—the Third Way. This was [...]
1May2006 | Norman Barry | 1 comment | ContinuedIt’s Always Something
Our economy is in the middle of an extraordinary run of success. Unemployment is low.Personal wealth is near an all-time high. Real wage growth sometimes appears less robust, but when benefits are included, real compensation is healthy. And even with the cries from some that economic mobility
isnt what it once was, legal and illegal immigrants continue
to flock to the United States. Evidently being poor here beats being poor elsewhere by a long shot.
Germany: 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 a full day’s labor without consulting a rule book of “rights” (a law restricting shopping on Saturday afternoon has only just been repealed), and enormous present and future welfare obligations.
1May2003 | mnolan | 0 comments | ContinuedDogs and Demons: Tales from the Dark Side of Japan
Dogs and Demons, by expatriate writer Alex Kerr, is another attempt to explain the malaise into which Japan has fallen over the past decade. Japan’s real-estate and stock-market bubbles have burst with prices falling to one-quarter their previous highs; the Japanese government’s budget deficits dwarf even those run by the United States during the ’80s [...]
17Mar2003 | Victor A. Matheson | 0 comments | ContinuedNever Enough?
President Bush’s proposed $48 billion military spending increase for next year exceeds what any other nation devotes to the military. In five years the Bush administration would have the government spend $100 billion more annually than was proposed by the Clinton administration. But for some people, no amount will ever be enough. “Neither the administration [...]
1Sep2002 | Doug Bandow | 0 comments | ContinuedLafcadio Hearn
Nearly a century after his death, Lafcadio Hearn is widely unknown. Kokoro: Hints and Echoes of Japanese Inner Life (1896) is being republished this year, but much of Hearn’s work is out of print, and it’s hard to find Hearn on library shelves or in used bookstores. Yet Hearn had a singular vision, and was [...]
1Jul2002 | Frank Laffitte | 0 comments | Continued-
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