Economics

The World Map of Economic Freedom

June 1, 2002

Personal Snapshots Forecasts & Strategies June 2002 “Economic repression breeds intolerance, fanaticism and terrorism.” — Gerald P. O’Driscoll, Jr., Heritage Foundation I couldn’t believe my eyes when I saw this unusual map of the world. “The World Map of Economic Freedom” was published by the Heritage Foundation and The Wall Street Journal before the terrorist [...]

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Pulling Down the Keynesian Cross

June 1, 2001

Ideas On Liberty Economics on Trial June 2001 by Mark Skousen “The circle had come right round; it was as though Keynes had never been.” -Robert Skidelsky1 “Textbooks have to be rewritten in the aftermath of each scientific revolution.” -Thomas S. Kuhn2 In his third and final volume on John Maynard Keynes, Robert Skidelsky comes [...]

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Beyond GDP: A Breakthrough in National Income Accounting

April 1, 2001

IDEAS ON LIBERTY Economics on Trial APRIL 2001 Beyond GDP: A Breakthrough in National Income Accounting by Mark Skousen “It is apparent that a large part of a country’s total production serves for the production of capital goods and not for the production of consumer goods, and that the production of capital goods must itself [...]

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The Troubled Economics of Ayn Rand

January 1, 2001

Published in January, 2001, issue of Liberty Magazine: THE TROUBLED ECONOMICS OF AYN RAND by Mark Skousen “No creator was prompted by a desire to serve his brothers…” –Howard Roark, The Fountainhead (1994:710) Ayn Rand, author of the celebrated Capitalism: The Unknown Idea, is honored almost universally as the fountainhead of market capitalism, an impassioned [...]

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Is Alan Greenspan Really That Good?

January 1, 2001

Forecasts & Strategies Personal Snapshots January 2001 Is Alan Greenspan Really That Good? By Mark Skousen “He played the game, skillfully …. He helped breath life into the vision of America as strong, the best, invincible.” -Bob Woodward, Maestro: Greenspan’s Fed and the American Boom Last month I listened on audiotape to Bob Woodward’s new [...]

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The Imperial Science

January 1, 2001

Ideas on Liberty Economics on Trial January 2001 The Imperial Science by Mark Skousen “I think it is quite likely that we are entering an era of much more interaction among the sciences.” Kenneth E. Boulding 1 During the 20th century it was popular to label economics the “dismal science,” a term of derision coined [...]

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The Anti-Capitalistic Mentality, Updated

November 1, 2000

Economics on Trial Ideas on Liberty November 2000 by Mark Skousen “In the excitement over the unfolding of his scientific and technical powers, modern man has built a system of production that ravishes nature and a type of society that mutilates man.” -E. F. SCHUMACHER (1) In 1956, Ludwig von Mises countered myriad arguments against [...]

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Having Their Cake

October 1, 2000

Economics on Trial Ideas on Liberty October 2000 Having Their Cake by Mark Skousen “The duty of ‘saving’ became nine-tenths of virtue and the growth of the cake the object of true religion.” -JOHN MAYNARD KEYNES (1) In his 1920 bestseller, The Economic Consequences of the Peace, John Maynard Keynes made a profound observation about [...]

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An Enemy Hath Done This

September 1, 2000

Economics on Trial – Ideas on Liberty – SEPTEMBER 2000 by Mark Skousen “Government measures . . . give individuals an incentive to misuse and misdirect resources and distort the investment of new savings.” – MILTON FRIEDMAN 1 Several months ago, I had the opportunity of speaking before a Miami chapter of Legatus, a group [...]

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If You Build It – Privately – They Will Come

August 26, 2000

Ideas on Liberty Economics on Trial August 2000 by Mark Skousen “Government provides certain indispensable public services without which community life would be unthinkable and which by their nature cannot appropriately be left to private enterprise.” – PAUL A. SAMUELSON If you take a course in public finance, you will invariably encounter the “public goods” [...]

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