On July 29, 1981, barely six months into his presidency and in the face of an economic crisis of historic proportions, Ronald Reagan succeeded in persuading both houses of Congress to pass dramatic tax cuts that set the stage for nearly three decades of vigorous economic growth...
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?
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?
U.S. Secretary of State Hillary Clinton came under attack last week for soft-peddling human rights during her visit to China...
Peter Boettke, of George Mason University, talks with EconTalk host Russ Roberts about the Austrian perspective on business cycles, monetary policy and the current state of the economy...
Author of Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy, George Gilder on the future of technology.
Peter Boettke of George Mason University and author of Challenging Institutional Analysis and Development: The Bloomington School (co-authored with Paul Dragos Aligica), talks with EconTalk host Russ Roberts about the Bloomington School--the political economy of Elinor Ostrom (2009 Nobel Laureate in Economics), Vincent Ostrom, and their students and colleagues at Indiana University. . . .
"Just -- and I hope you were able to hear of some of the points that Peter was making job reaction what what what's coming out of London again."...
This week on Uncommon Knowledge columnist James Delingpole discusses, with Hoover research fellow Peter Robinson, the European Union, the Green movement, and socialized medicine. (47:41)
What went wrong with the U.S. economy in the 21st century? . . .
Rupert Murdoch weighs in on capitalism, China, Google, and more. . . .
Charles Kesler discusses the emergence of economic liberalism, and the “doctrine of social and economic rights.”...
The President should take a page from Francois Mitterand. . . .
Milton Friedman was an unlikely candidate to become a great man...
Peter Berkowitz on The Moral Consequences of Growth by Benjamin M. Friedman and The Pro-Growth Progressive: An Economic Strategy for Shared Prosperity by Gene Sperling
Douglas Irwin, professor of economics at Dartmouth College, explains and defends free trade.
In the Age of Discontinuity, published by Harper & Row at the height of the Vietnam War and some 25 years after the end of World War Two, management guru Peter Drucker wrote about managing change when there is a total disconnect between the past as we perceive it and the present evolving into the future. . . .
In this Uncommon Knowledge classic from February 10, 1999, Milton Friedman, recipient of the Nobel Prize in Economic Science in 1976 and a senior research fellow at the Hoover Institution from 1977 to 2006, discusses, with Hoover research fellow Peter Robinson, what defines a libertarian and how Friedman balances the libertarians' desire for a small, less intrusive government with environmental, public safety, food and drug administration, and other issues.
Thomas Sowell introduces his new book, Intellectuals and Society, and expounds on what he calls “the fatal misstep of intellectuals.” . . .
If the end of the Cold War resulted in the liberation of Eastern Europe, it also brought about something of a liberation in Latin America as well...