Economics

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Silicon Valley Miya Tokumitsu writes* with incisive elegance about our altogether elitist and self-indulgent view that our experts have these days about the relationship between love and work. That view,...
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Legend has it that at the age of four, Adam Smith was kidnapped from his Scottish home by a traveling band of gypsies. A gentleman passing the gypsies on the road noticed the crying baby and alerted...
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Let us be clear on one point: the usual defenders of the free market—the Friedmans, Hayeks and Mises—are not primarily concerned with private property or liberty. They are firstly concerned with economic growth which mainly means continuous economic,...
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The Moral Foundations of Civil Society by Wilhelm Roepke, with a new introduction by William F. Campbell. The Social Crisis of Our Time by Wilhelm Roepke, with a foreword by Russell Kirk and an introduction by William F. Campbell.

One does not hear much about the “flat tax” any longer. The idea lost its steam when people pointed out that, in order for it to significantly lower most people’s effective tax rate, it would have to...
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The concept of "substitution" is a familiar one in economics. Many products are used as substitutes for others such as margarine for butter and tea for coffee. If the price of one becomes too high the other...
Wilhelm Roepke
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Some writers link the names of Ludwig von Mises and Wilhelm Roepke as if there were no important differences between them. Roepke is co-opted into the camp of more or less libertarian thinkers whose position is further enhanced by...

Recently, I numbered among the twenty-some self-styled conservatives, organized by Steve Lonegan, who gathered at the headquarters of the Federal Reserve to meet with Chair Janet Yellen and governor Lael Brainard. (Steve is Director of Monetary Policy...

The good intentions of the UN Universal Declaration of Human Rights took place in stages. Drafted in large measure as a response to the horrors of World War II and in the face of the continuing horrors...
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There is an impatient restlessness inside our globalized economy that is constantly tearing down and building anew. This particular aspect of the economy is like an unstoppable machine that runs over all obstacles. To resist is considered...
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How often can writers pretend to discover some well-known thing for “the first time ever?” With poor Adam Smith it has happened...
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You see one every day on the streets of Kathmandu, what a friend calls D3 meaning the Daily Dead Dog. Stiller and flatter than before, sometimes the canine corpses are hauled away by the city, at other...
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It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from a historical episode, the political class...