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In the News

The New Enlightenment: A Call To Arms At Adam Smith’s Panmure House

mentioning Niall Fergusonvia Business Wire
Wednesday, June 26, 2019

Adam Smith is remembered for his disdain for beggar-thy-neighbor “mercantilist” trade policies and for the “invisible hand” theorem of how to use decentralized markets to organize an economy better than any centralized authority could. To many, he is closely associated with laissez-faire economics. But those who actually read his work know that he took a much more nuanced view of markets, businesses, and government, recognizing the moral and social aspects of how individuals behave and how prosperity ensues.

Blank Section (Placeholder)Analysis and Commentary

Reasonable Disagreements: In Defense Of Classical Liberalism (Among Other Things)

interview with Richard A. Epstein, Adam J. Whitevia Reasonable Disagreements
Wednesday, June 19, 2019

Who are the critics of classical liberalism—namely, modern-day advocates for socialism.

Blank Section (Placeholder)Analysis and Commentary

The Libertarian: A Crisis Of Liberalism?

interview with Richard A. Epsteinvia The Libertarian
Tuesday, June 18, 2019

What the new critics of the free market — on both the left and the right — get wrong.

Blank Section (Placeholder)Analysis and Commentary

The Libertarian: Break Up Big Tech?

interview with Richard A. Epsteinvia The Libertarian
Thursday, June 13, 2019

Why an antitrust framework doesn’t make sense for Silicon Valley giants.

In the News

A Rothschild Flew The Nest And Still Became Fabulously Rich

quoting Niall Fergusonvia Bloomberg
Friday, May 10, 2019

Four decades ago, Jacob Rothschild did something crazy. After a family falling out, he turned his back on the riches of Europe’s biggest banking dynasty to pursue his own interests.

Policy Seminar with Ellen McGrattan

Wednesday, April 17, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Ellen McGrattan, visiting fellow at the Hoover Institution, professor of economics at the University of Minnesota, director of the Heller-Hurwicz Economics Institute, and consultant at the Federal Reserve Bank of Minneapolis, discussed “Intangible Capital and Measured Productivity.”

Event

Policy Seminar with Steve Davis

Monday, March 18, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Steve Davis, the William H. Abbott Professor of International Business and Economics at the University of Chicago’s Booth School of Business, discussed “The Social Impact of Private Equity over the Economic Cycle” with John Haltiwanger, Kyle Handley, Ben Lipsius, Josh Lerner, and Javier Miranda.

Event
Analysis and Commentary

Update Of Carl Menger Bio

by David R. Hendersonvia EconLog
Tuesday, April 30, 2019

A reader of The Concise Encyclopedia of Economics contacted me recently to point out the following.

In the News

What Is Taylor Rule?

featuring John B. Taylorvia Banking School
Tuesday, April 16, 2019

The Taylor rule was first proposed by economist John B. Taylor in 1993 to provide guidance to the U.S. Federal Reserve* and other central banks for setting short-term interest rates based on economic conditions. 

Featured

An Equation To Ensure America Survives The Age Of AI

by Elizabeth Cobbsvia Financial Times
Thursday, April 11, 2019

Tech investors celebrate a future of self-driving taxis and low labour costs as gig economy platform companies such as Lyft and Uber go public. But workers spy disaster. In more and more industries, the low-skilled suffer declining pay and hours. McKinsey estimates that 60 per cent of occupations are at risk of partial or total automation.

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