Keynes 7
Commentary on John Medaille’s Toward a Truly Free Market
It should help open the ‘closed shop’ of economic theory to a potentially rich and fruitful debate.
Perils of the Stationary State
When economic growth finally levels off, what kind of world comes after? Shall we be unchained from the mad rush for money of the last century? Or will other but…
The Economics of Distributism Part 1: Does Capitalism Work?
Property in the hands of labor is freedom. Labor in the hands of property is slavery. --Dmitri Kleiner From the earliest days of Distributism, distributists have exhibited a certain disinterest…
I Want to Be a Consumer
A bit of doggerel from Punch Magazine (25 April 1934). I Want to Be a Consumer “And what do you mean to be?” The kind old Bishop said As he…
The Dismal Science vs. Community
RINGOES, NJ. In 1944 two very different but related books were published. The first was F.A. Hayek’s The Road to Serfdom. In a world that seemed to be succumbing…
The Long Run
Alexandria, VA It has become a commonplace to observe that the thought of John Maynard Keynes is back in fashion. Keynes argued strenuously on behalf of government spending - including…
Growth or Virtue?
RINGOES, NJ. The numbers keep rolling in. The Dow is below 7000. Unemployment is above 8%. In the fourth quarter of 2008, the economy contracted at a rate of 3.8%.…