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Economics

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My American Enterprise Institute colleague, Jonah Goldberg, recently wrote a book entitled The Tyranny of Clichés. One of the clichés is that conservatives are rigid, judgmental ideologues. Progressives, by contrast, are praised as flexible pragmatists who...
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With this essay, I am venturing into unfamiliar territory. My previous essays featured in this journal have been distillations of my academic research. This is not the case here. I regard myself sufficiently...
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Henry David Thoreau's long essay, first published under the title "Resistance to Civil Government," now usually known as "Civil Disobedience," is frequently described as one of the...
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Western social philosophy has produced many, many writings on the nature of sovereignty. Chiefly, these works are concerned with the individual or group of individuals who are entitled to rule. The medieval conception of...
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Today’s offering in our Timeless Essay series affords readers the opportunity to join Hunter Baker as he discusses Peter Drucker, the most interesting (business) man in the world. —W. Winston Elliott III, Publisher
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June 20th, 1998, marked the fiftieth anniversary of the German "economic miracle." Of course, there was nothing miraculous about it. Germany's success was not due to the hard-working character of her people, or to...
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I have been reminiscing a lot lately, probably a sign of my age. But I recently came to recall an episode in my earlier life before I returned to St. John’s College as...
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Economic efficiency is one of the most important concepts economists use to classify and understand the social world. Unfortunately, it is also one of the most misused. There are two aspects of economic efficiency, the...
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Today’s offering in our Timeless Essay series affords our readers the opportunity to explore trans-economic values and the necessity of returning to them lest we bring about our own economic demise. —W. Winston Elliott III, Publisher
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We have been hearing a great deal about income inequality in recent days, particularly from Senator Bernie Sanders. Part of this interest is fueled by many examples of excess at the top. J.P. Morgan Chase, after...
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There’s nothing like starting the New Year with a new controversy. My recent essay, “Finding Freedom in Your Pocket,” prompted a scathing response from one reader who derided my concerns about the rising power of the...
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According to the United States Treasury, the total national debt is $18.2 trillion. The annual, average interest rate on the debt as of July of 2015 is 2.3%, down from 2.4% in July of 2014. Here’s...

Bernie Sanders, the Democrats’ only (openly) socialist presidential candidate joined the chorus of criticism against Walmart a while back. But many conservatives also spend a good deal of time and effort criticizing the discount store giant. The...

The national debt has surged more than half a trillion dollars in the last three weeks, as the suspension of the debt ceiling in late October has allowed the government to borrow as much as it wants. — Report in The Washington Examiner