Capital and Interest Theory
Our Obsession with Consumption — while Ignoring Saving and Investment — Is a Big Problem
Without saving and investment, there can be no material progress — which is necessary for cultural progress and flourishing.
Is There a Difference Between Economic Power and Political Power?
Critics of capitalism are often confused by the difference between political and economic power.
Why the Cleveland Browns Need More than Draft Capital to Be Successful
The Cleveland Browns enter this year's NFL draft with a tremendous capital advantage to other teams. That's not enough to guarantee their success.
A Comparison of Investment and Cash Building of Savings: A Rejoinder
This paper looks at the differences between investment and cash building and if either one offers additional benefits.
Is Garrison’s Notion of “Secular Growth” Compatible With the Solow Growth Literature?
The present paper clarifies ambiguities from earlier discussions of whether Garrison’s usage of “secular growth” is more likely to resonate with a neoclassical or Austrian reader.