All Posts Tagged With: "market discipline"
The Economics of Caring and Sharing
The author would like to thank the Earhart Foundation for supporting his previous research on happiness, which led to considerations on which the present paper is based. If we were to apply the unmodified, uncurbed rules of the micro-cosmos (i.e., of the small band or troop, or say our families) to the macro-cosmos (our wider [...]
22Jun2011 | Dwight R. Lee | 4 comments | ContinuedWhat Happened to Market Discipline?
During the late presidential campaign Barack Obama said, “[Today’s economic problems are] a stark reminder of the failures of . . . an economic philosophy that sees any regulation at all as unwise and unnecessary.” What? Does that mean that until last fall the Bush administration embraced the free market? Nonsense. Governments at all levels [...]
20Jan2009 | John Stossel | 3 comments | ContinuedAsia Needs Capital Controls?
Citing the East Asian financial crisis, the well-known trade economist Jagdish Bhagwati has recently given support to retaining capital controls in developing countries. In essays in Foreign Affairs and more recently, the Wall Street Journal (“Yes to Free Trade, Maybe to Capital Controls”), Bhagwati cautions that the “overwhelmingly powerful” case for free trade does not [...]
1Mar1999 | Lawrence H. White | 0 comments | ContinuedThe Vandals’ Crown: How Rebel Currency Traders Overthrew the World’s Central Banks
The first 225 pages of The Vandals’ Crown generally make for interesting reading—describing some fascinating developments in financial markets and the economy. The remaining 50 or so pages unfortunately skew off in a different direction—either better left for another book or simply discarded altogether. Much of this book, though, lives up to its tantalizing subtitle—“How [...]
1Apr1996 | Raymond J. Keating | 0 comments | Continued-
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