All Posts Tagged With: "wealth creation"
A Return to Gold?
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. . . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society. . . .The process engages all the hidden forces of economic law on the [...]
30Nov2011 | and John L. Chapman | 13 comments | ContinuedPrivate 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 | ContinuedWhy Do the Poor Stay Poor?
Of the six billion people on earth, two billion try to survive on a few dollars a day. They don’t build businesses—or if they do, they don’t expand them. Unlike people in the United States, Europe, and Asian countries like Japan, South Korea, Hong Kong, etc., they don’t lift themselves out of poverty. Why not? [...]
24Feb2011 | John Stossel | 9 comments | ContinuedWar Would End the Recession?
In his September 28 New York Times blog post, Paul Krugman announced that “economics is not a morality play.” That turn of phrase is his way of defending the idea that in unusual times, such as the sort of deep recession we are in, we can get strange relationships between economic cause and effect. The result [...]
22Dec2010 | Steven Horwitz | 41 comments | ContinuedMore Income Redistribution Will End the Great Recession?
With increasingly widespread recognition of the failure of Keynesian economic policies, all the Progressives are left with are claims whose acceptance requires a suspension of one’s logical faculties. An excellent example of this is a September 2, 2010, New York Times op-ed by Robert Reich, the Clinton administration secretary of labor and professor of public [...]
24Nov2010 | Ivan Pongracic Jr. | 4 comments | ContinuedAmerica and the World’s Resources
At the heart of almost all economics is the idea of mutually beneficial exchange. When two people voluntarily engage in an activity, economists assume that both parties are better off. Otherwise, one of them would have refused the deal. It doesn’t mean people don’t make mistakes—sure they do.
1Dec2001 | Russell Roberts | 5 comments | ContinuedThe Wealth of Man by Peter Jay
Public Affairs · 2000 · 400 pages · $30.00 Reviewed by David L. Littmann Peter Jay’s The Wealth of Man is an attempt to trace the key episodes in man’s economic course, from the time of the hunter-gatherer to our day. He presents his narrative as a waltz: One energetic step forward, one defensive step [...]
1Nov2001 | David L. Littmann | 0 comments | ContinuedCapital Letters
Selective Taxation Worse To the Editor: Lawrence Reed argues against taxation of Internet sales in his recent article “Don’t Tax the Internet” (June 2000). There is an evil worse than excessive taxation: that of selective taxation . . . . Exemption of Internet-originated sales from taxation, while still allowing taxation of phone-originated sales taxes, amounts [...]
1Oct2000 | FEE Admin | 0 comments | ContinuedThe Dangers of Growing Up Comfortable
Steven Yates, who has a Ph.D. in philosophy, is a writer and consultant living in Columbia, S.C. He is the author of Civil Wrongs: What Went Wrong With Affirmative Action (ICS Press, 1994) and numerous articles and reviews. We begin with a short of parable. There lives in a typical American suburb a fellow I [...]
1May2000 | Steven Yates | 2 comments | ContinuedIn Defense of Grocery Coupons
Bill Field is a professor of economics at Nicholls State University in Thibodaux, Louisiana. We’ve all had this aggravating experience: rushing through the grocery store to finish our shopping, hurriedly looking for the shortest line, congratulating ourselves as we get in a line with only one lady in front of us, and then wanting to [...]
1Mar2000 | Bill Field | 1 comment | ContinuedCreating Jobs vs. Creating Wealth
Government policies are commonly evaluated in terms of how many jobs they create. Restricting imports is seen as a way to protect and create domestic jobs. Tax preferences and loopholes are commonly justified as ways of increasing employment in the favored activity. Presidents point with pride to the number of jobs created in the economy [...]
1Jan2000 | Dwight R. Lee | 16 comments | ContinuedThe Wild West Meets Cyberspace
In 1848 Americans received the startling news that the vast territory they had just acquired from Mexico included tremendous riches. California, previously a distant, sleepy Mexican province whose economy was based on trading cattle hides and tallow for manufactured goods, was actually brimming with gold. There it was, just lying on the ground. Tens of [...]
1Jul1998 | Andrew P. Morriss | 2 comments | ContinuedRoberto and Fidel: Two Versions of Share the Wealth
Cecil Bohanon and T. Norman Van Cott teach in the department of economics at Ball State University, Muncie, Indiana. The October 1997 death of Roberto Goizueta, the former CEO of Coca-Cola who fled Fidel Castro’s Cuba in 1961, offers an opportunity to make a telling comment on the Cuban economy. To wit, the corporate regime [...]
1Apr1998 | and Cecil E. Bohanon | 0 comments | ContinuedGovernment and the Market: Chicken or Egg?
John Hood is president of the John Locke Foundation, a nonprofit think tank based in Raleigh, North Carolina. One evening not too long ago, I was invited to participate in a debate about state welfare policy. As much of our work at the John Locke Foundation had been directed toward various welfare bills in the [...]
1Mar1998 | John Hood | 0 comments | ContinuedWhere Does Law Come From?
This article draws from a research project supported by the Earhart Foundation, the Institute for Humane Studies, and the Independent Institute. The legal scholar Lon Fuller defined law as “the enterprise of subjecting human conduct to the governance of rules.” It includes basic rules of conduct as well as institutions or mechanisms for clarifying, changing, [...]
1Dec1997 | Bruce L. Benson | 5 comments | ContinuedYes, Virginia, There Is a Free Lunch
Dr. Peterson, an adjunct scholar at the Heritage Foundation, is Distinguished Lundy Professor Emeritus of Business Philosophy at Campbell University, Buies Creek, North Carolina. “In the sweat of thy face shalt thou eat bread.” So an angry Lord Jehovah thundered down on Adam and Eve—that unrighteous couple who had eaten of the forbidden fruit and [...]
1Sep1997 | William H. Peterson | 0 comments | ContinuedThe Entrepreneur on the Heroic Journey
Ms. Allen is a teacher-on-special-assignment in the Education Alliance of Pueblo, Colorado. Dr. Lee is Ramsey Professor of Economics at the University of Georgia. What do you want to be when you grow up? was a question that adults regularly posed to all of us when we were young. Generally, even as children, we imagined [...]
1Apr1997 | and Candace Allen | 1 comment | Continued-
The Latest
Contraception: Insuring the Uninsurable
Update below. Controversy rages over the Obama administration’s mandate that all employers – including... Read More
The Snow Plowers’ Petition
The following might have happened in a small college town in upstate New York… In a cold and snowy... Read More
Super Bowl versus Education?
In the spirit of Super Bowl weekend I’d like to deconstruct a Facebook status update that a friend... Read More
Capitalism, Corporatism, and the Freed Market
When a front-running presidential contender tells the country that thanks to Barack Obama, “[w]e are... Read More
Creating Jobs versus Creating Value
Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet.... Read More
