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The great economist James M. Buchanan died yesterday. He was truly a great thinker. You can read about his importance by comments from Robert Higgs and and Tom Dilorenzo. Here are some excerpts from Cato that discuss the importance of his work. Nobel Prize-winning economist James M. Buchanan died on Wednesday at the age of [...] In Part I, we looked at the period prior to and during the time of what we now call the Classical Gold Standard. It should be underscored that it worked pretty darned well. Under this standard, the United States produced more wealth at a faster pace than any other country before, or since. There were [...] Free markets = spontaneous organization + free trade + specialization of labor + capital + entrepreneurship. In his 1958 essay, “I Pencil” Foundation for Economic Education founder Leonard Read told the story of the simple pencil, and the complex process which brought it into existence. It’s a classic, aimed at children, but I urge you [...] As a follow up to economist Frank Shostak’s article on Estonia yesterday, S&P affirmed their positive outlook on Estonia. — JH Estonia Ratings Affirmed At ‘AA-/A-1+’; Outlook Revised To Stable On Economic Resilience And Political Stability We expect Estonia to remain resilient to a deeper and more prolonged slowdown in the eurozone, although [...] This article came in this morning from the Mises Institute about Estonia, a country we’ve been casually following because of its free market friendly policies. Frank Shostak is an economist I follow closely. Why Estonia Is Beating the Eurozone By Frank Shostak on October 18, 2012 Against the background of a severe economic crisis in [...] As the Republican National Convention approaches, the shouts of victory resounding in the tents will easily conceal the broader political forces at work in the party beyond this fall’s hopeful decisive victory. The strategy of these forces are visible in the past Republican presidential campaign of Congressman Ron Paul. To some, Paul’s stubborn persistence in the campaign has been [...] We gather tonight knowing that this generation of heroes has made the United States safer and more respected around the world. (Applause.) For the first time in nine years, there are no Americans fighting in Iraq. (Applause.) For the first time in two decades, Osama bin Laden is not a threat to this country. [...] Gallup came out with a recent poll that revealed an interesting sentiment held by our fellow Americans: More Americans say it is important that the federal government enact policies that grow the economy and increase equality of opportunity than say the same about reducing the income and wealth gap between the rich and the poor. [...] The Daily Capitalist is pleased to welcome John L. Chapman, Ph.D., an Austrian economic theory economist, as a regular contributor to our growing site. Dr. Chapman will publish articles on the economy and markets. He is Chief Economist with Alhambra Investment Partners, an investment advisory firm in Florida. He is also a researcher affiliated with [...] COMMENTARY I am not a fan of Barack Obama, but I have not criticized him as harshly as many other writers do. I have a different view of him. I see him as a rather run of the mill Progressive/Liberal who firmly believes his ideology and acts somewhat consistently on those ideas. Rather than pillory [...] |
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