Trust in a Polarized Age
Trust in a Polarized AgeKevin VallierOxford: Oxford University Press, 2021, 310 + x pp. David Gordon (dgordon@mises.com) is a Senior Fellow at the Mises Institute. Kevin Vallier, who teaches philosophy at Bowling Green State University, is a leading advocate of “public reason
Old and New Development Economics: A Reassessment of Objectives
ABSTRACT: The “new development economics” (also called behavioral development economics) consists of microeconomic experimentation based on behavioral economics and randomized controlled trials. This approach would illuminate the close relationships between preferences, culture, and institutions and point to new political opportunities.
The Great Keynesian Coup of August 1971: Fifty Years Later
On August 15, 1971, the last remains of what had been a magnificent monetary system died a terrible death, and the American academic, political, business, and media elites led the cheers. The Dow Jones Average jumped by more than 32
Eamonn Butler’s Primer on Entrepreneurship and Its Social Good
Entrepreneurship is the great force for social good — in fact, the greatest force for good in the history of civilization. It’s the system of continuously improving the lives of others so we can improve our own lives. Through entrepreneurship,
Classical Economic Theory and the Modern Economy
Classical Economic Theory and the Modern Economyby Steven KatesEdward Elgar, 2020, 264 pp. Per Bylund (per.bylund@okstate.edu) is Associate Professor of Entrepreneurship and Records-Johnston Professor of Free Enterprise in the School of Entrepreneurship in the Spears School of Business at Oklahoma State
Media Wars: The Battle to Shape Our Minds
Media Wars: The Battle to Shape Our MindsWalter Donway and Vinay KolhatkarIndependently Published, 2020, 330 pp. William L. Anderson (banderson@frostburg.edu) is professor of economics at Frostburg State University. Even the sunniest optimist would admit that the year 2020 was extremely challenging with
The End of Bretton Woods, Jacques Rueff, and the “Monetary Sin of the West”
August 15, 2021 marks the 50th anniversary of the day President Richard Nixon “closed the gold window,” ending the postwar Bretton Woods international monetary system. It is an appropriate moment to reconsider the internal inconsistencies of the Bretton Woods system.
It’s Time to Abolish the Capital Gains Tax
President Biden’s ridiculously high spending proposals require equally ridiculous tax proposals. Among the craziest proposals is a massive increase in the capital gains tax rate. According to the Tax Foundation, Biden’s proposal would raise the top federal rate on capital
A Myriad of Crises
As she sat in the sun in her Ford Fiesta inching her way through a long line of cars to get fuel, Maria Mussolini tried to while away the time by browsing her phone. After four hours, she still hadn’t
The Old Right on War and Peace
As the force of the New Deal reached its heights, both foreign and domestic, during World War II, a beleaguered and tiny libertarian opposition began to emerge and to formulate its total critique of prevailing trends in America. Unfortunately, the