In the midst of the Great Recession California students protest in favor of themselves. . . .
In the West, capitalism reigns triumphant. Living standards, wealth, and technological development in the capitalist Western countries surpass anything seen before in human history. But why has capitalism so obviously failed in most developing countries? Why are some saying that capitalism is in a state of crisis today in the Third World? Does the success of capitalism depend on Western cultural values that simply don't translate to the Third World? Or can economic and political reforms, especially reform of property rights, enable developing countries to share the same fruits of capitalism and free enterprise that we enjoy in the West?
In the past century the earth's human population has quadrupled, growing from 1.5 billion in 1900 to about 6 billion today. By 2050, it is estimated that the global population will reach 9 billion. In 1968, a young biologist named Paul Ehrlich wrote a best-selling book called The Population Bomb, which sparked an ongoing debate about the dangers of overpopulation. He argued that population growth was destroying the ecological systems necessary to sustain life. So just how worried should we be? Is population growth a problem or not? And if so, what should we do about it?
The impact of a health crisis that has businesses across the country re-examining their investments abroad.
Despite the fundamental distinction between the two, misunderstandings of capitalism and socialism — and their implications for freedom — abound, and usually in favor socialism. In these circumstances, a return to the basics is warranted. The 17th-century writings of John Locke in defense of political and economic freedom and the 19th- century critique by Karl Marx of political and economic freedom represent classics of the genre.
Why did communism fail and liberal democracy prosper?
The media’s treatment of Donald Trump.
Matt Ridley discusses his new book is How Innovation Works, as well as the impact of the COVID-19 crisis on the world’s economies, the real story of Thomas Edison and why he was one of the greatest innovators in human history, why China may not be the threat it appears to be (at least not technologically), and some predictions as to what the world may look like in 2050.
The Hoover Institution launched a new initiative, The Human Prosperity Project on Socialism and Free-Market Capitalism on Socialism, a discussion with leading scholars was hosted, on Tuesday, February 25, 2020 from 6:00 PM - 7:00 PM EST.
Peter Thiel, the cofounder of PayPal and Palantir; early investor in Facebook, LinkedIn, and SpaceX; and the founder of the Thiel Fellowship, which encourages young people to drop out of college to start their own businesses, is interviewed live on stage in front of the members of the Mont Pelerin Society.
In 1996, a Republican Congress passed, and President Bill Clinton signed, the Personal Responsibility and Work Opportunity Reconciliation Act, better known as welfare reform. The Act replaced the Aid to Families with Dependent Children program (AFDC) with the Temporary Aid to Needy Families program (TANF). These changes effectively refocused welfare as job training and temporary assistance and moved millions of people off the welfare rolls. With TANF up for re-authorization by Congress in 2002, the debate over the first five years of welfare reform is heating up. Has welfare reform helped poor families and reduced child poverty? Does welfare reform itself need to be reformed?
Seafood is highly perishable and supply is often uncertain. Roger Berkowitz, CEO of Legal Sea Foods talks with EconTalk host Russ Roberts about the challenges of running 34 seafood restaurants up and down the east coast.
The space program used to mean one thing: the effort to put American astronauts on the moon. That effort is becoming ancient history. We haven't sent anyone to the moon in thirty years. So what is NASA's mission today? What sort of space exploration is worth pursuing today and tomorrow? And is NASA the right institution for the job?
In January 2003, the Bush administration unveiled a package of proposed new tax cuts, including provisions to eliminate the taxation of dividends and make permanent the 2001 tax cut. President Bush called the plan "an immediate boost to the economy" as well as "essential for the long run to lay the groundwork for future growth and prosperity." Critics have said that the plan doesn't provide short-term economic stimulus and endangers long-term growth and prosperity. Is the Bush tax plan good for the economy or not?
As the COVID-19 crisis continues, Peter Robinson sat down (virtually over Zoom) with Kevin Warsh, the Shepard Family Distinguished Visiting Fellow at the Hoover Institution, and a former member of the Board of Governors of the Federal Reserve System. They discuss the nuts and bolts of the Federal Government’s 2 Trillion dollar (and rising) recovery and aid package, why it was needed, and its chances of staving off a depression.
Govern moderately, or the governed will turn against you. Clinton learned it. Will Obama? By Peter Berkowitz.
According to a 1998 study by the Organization for Economic Cooperation and Development, over the last half century nations that have been more open to trade have experienced double the annual growth rate of those that have been closed. So why would any nation be opposed to free trade? But, in fact, many developing countries are skeptical of free trade—believing that the rules of global trade benefit the rich, developed North at the expense of the poor, developing South. Are the critics right? With even President Bush's commitment appearing to falter, is the drive to greater free trade in crisis?
Interest Rate adjustments by the Federal Reserve are among the most closely watched and anticipated of all economic policy decisions. Yet many economists believe the Fed no longer has the power it once did to regulate the economy. So just how powerful is the Fed today? What tools does the Fed have to regulate the economy, and how should they be used?
In this first of a new series of Uncommon Knowledge with Peter Robinson conversations done via webcam, Peter Robinson talks to John B. Taylor, the Hoover Institution’s George P. Shultz Senior Fellow in Economics.
Larry Kudlow is the director of the National Economic Council, a position he has held since April 2018. As such, Mr. Kudlow was on the front lines of the COVID-19 crisis in its early days, trying to manage and maintain one of the strongest economies in US history and prevent it from falling into a catastrophic depression.