Post Tagged 'Friedrich Hayek'

May 22, 2014

50 Years Of The War On Poverty: Tragedy or Triumph?

This year marks the 50th anniversary of Lyndon B. Johnson’s “War on Poverty.” Nicholas Eberstadt, an economist at the American Enterprise Institute, has published a monograph entitled, The Great Society: The Triumph and The Tragedy at Fifty. Continue Reading...

March 13, 2014

The Hayekian Liberty of Ender’s Game

My conversion into a fan of science-fiction began with an unusual order from a member of the Joint Chiefs of Staff: “Each Marine shall read a minimum of three books from the [Commandant’s Professional Reading List] each year.” Continue Reading...

March 05, 2014

Why Attitudes About Competition Matter

In an excerpt from the splendid PovertyCure series, Michael Fairbanks offers a helpful bit on why our attitudes about competition matter for economic development: I can predict the future of a developing nation better than any IMF team of economists by asking one question: “Do you believe in competition?” Continue Reading...

January 30, 2014

Knowledge, Power, and the Element of Entrepreneurial Surprise

In his new book, Knowledge and Power, the imitable George Gilder aims at reframing our economic paradigm, focusing heavily on the tension between the power of the State and the knowledge of entrepreneurs — or, as William Easterly has put it, the planners and the searchers. Continue Reading...

October 10, 2013

The Book of Revelation is Hayekian

“When you read the Book of Revelation,” says Gregory Alan Thornbury, president of The King’s College, “it’s about not giving in to tyranny when it comes to economics. I don’t know why we don’t talk about that in church.” Continue Reading...

March 22, 2013

What Economics Can’t Explain

Tyler Cowen has an interesting column in last Sunday’s New York Times, arguing that despite run-of-the-mill objections to “cold” and “heartless” economic analysis, economics is, as a science, “egalitarian at its core”: Economic analysis is itself value-free, but in practice it encourages a cosmopolitan interest in natural equality. Continue Reading...

February 15, 2013

Would Hayek Have Supported Obamacare?

“You can be for markets without being against redistribution,” says Erik Angner, a philosophy professor at George Mason University. Angner argues that the Nobel-winning economist Friedrich Hayek offers an alternative to contemporary liberals and leftists on the one hand and conservatives and libertarians on the other. Continue Reading...

January 24, 2013

Why Do the Wicked Prosper?

Why do the wicked prosper? This plaintive query is a consistent cry from the psalmist and the prophets. As Jeremiah puts it, “Why does the way of the wicked prosper? Why do all the faithless live at ease?” Continue Reading...

January 23, 2013

Review: Nile Gardiner on ‘Becoming Europe’

In the Washington Times, Nile Gardiner praises Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future, the new book by Acton Research Director Samuel Gregg. Continue Reading...

October 25, 2012

Bono, Babel, and the Myth of Economist as Savior

Bono, lead singer of U2 and co-founder of charity-group ONE, recently offered some positive words about the role of markets in reducing global poverty and spurring economic development (HT): The Irish singer and co-founder of ONE, a campaigning group that fights poverty and disease in Africa, said it had been “a humbling thing for me” to realize the importance of capitalism and entrepreneurialism in philanthropy, particularly as someone who “got into this as a righteous anger activist with all the cliches.” Continue Reading...

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