Economic Theory

In Defense of Share Buybacks

– September 25, 2019

“The confused objections to share buybacks illustrate the failure to look past the immediate effect and to understand what financial markets do.” ~ Joakim Book

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Economic Theory

What Seinfeld Can Teach about Industrial Policy

– September 23, 2019

That Seinfeld was seen by top NBC executives as less-than-promising, only for it to become a multi-billion dollar blockbuster, is a reminder that when it comes to the future of commerce, predictions aren’t worth the paper they’re printed on.

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Economic Theory

“Price Gouging” in Desperate Situations

– September 23, 2019

It is precisely when people are at genuine risk of actually dying for want of the likes of food, water, and shelter that the case against prohibitions on “price gouging” is strongest.

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Economic Theory

It’s a Bird! It’s a Plane! It’s … the Speculator!

– September 19, 2019

You have heard, no doubt, that we are going to run out of oil. Is there any hope? Can we escape the calamity? Whatever might we hapless citizens do? This sounds like a job for … the Speculator!

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Economic Theory
markettiming

If You Are Early, You Are Wrong

– September 6, 2019

Before a financial meltdown, there is no way to tell with certainty that such a financial meltdown is imminent, even though a lot of pundits and cranks try.

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Economic Theory, Socialism
complexmachine

America Needs You, Don Lavoie

– July 26, 2019

In a world where it sometimes feels like free market advocates are tolerating more intervention in our economy than we would have ever predicted, Lavoie calls upon us never to forget the abiding importance of remaining true to one’s belief in the power and humanity of markets.

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Behavioral Research Council, Economic Theory

A Theory of Action: Pragmatism and the Creativity of Action

– July 13, 2017

Behavioral Research Council Transactional Viewpoints, Vol. I, No. 4, 2002, Fall Quarterly Letters on the Transactional View, the Sciences and the Arts   

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Economic Theory, Economic Trends

The Survival of Capitalism

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– March 18, 1935

Out of a welter of confusing business and political trends there now and then appear indications of improvement in basic conditions which are obscured by the more spectacular events of the day. For instance, the steady and substantial increase which ha …

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Economic Theory, Economic Trends

Utility Regulation

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– December 24, 1934

Coming Effects of Current Events; A Re-Distribution of Wealth; Commercial Failures; Supply, Demand, and Prices Power production has moved up another notch and is now within 2.7 percent of the all time high recorded for the week ending December 21, 1929 …

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Economic Theory, Economic Trends

Increased Savings Deposits

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– December 17, 1934

Coming Effects of Current Events; Possible Favorable Developments; Supply, Demand, and Prices Further evidence of increasing industrial production is the principal feature of the week’s news. Electric power output has risen to the largest total during …

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