The 2021 Nobel Prize in Economics has been awarded to Berkeley's David Card, MIT's Josh Angrist, and Stanford's Guido Imbens for their work on "natural experiments," a currently fashionable approach to estimating the causal impact of one economic variable on another.
The term most frequently applied to Woodrow Wilson nowadays is "idealist." The expression "power-hungry" is rarely used. Yet one scholar friendly to Wilson has correctly described him as one who "loved, craved, and in a sense glorified power."
Hamilton was "so bewitched & perverted by the British example," wrote Jefferson, "as to be under thoro' conviction that corruption was essential to the government of a nation."
Could there be a more doleful proof of the sterility of European civilization than that it can be spread by no other means than fire and sword?
Peter Seewald has published an extensive biography of Pope Emeritus Benedict XVI, which will be of special interest to all supporters of the Austrian school and lovers of liberty who, whether believers or not, persistently condemn the “fatal conceit” of statism.
Instead of succumbing to the zeitgeist, Rothbard moved it.
By 1715, the manipulation of the currency, the increase in public debt, and the mismanagement of state finances had left France in poverty and chaos. Such was the state of affairs when John Law appeared in Paris.
Williams’s impressive ability to speak on wide-ranging issues with unusual clarity derived from his steadfast commitment to the “economic way of thinking.”
Williams’s impressive ability to speak on wide-ranging issues with unusual clarity derived from his steadfast commitment to the “economic way of thinking.”
