economics

John Maynard Keynes vs. Friedrich August Hayek on Saving Liberal Democracy

Once again, the Washington Post misses the mark when it associates “zombie” CVS of Washington, D.C., or America’s shoplifting pandemic with the decline of liberal democracy. Ironically, torchbearers of modern-day progressivism are willfully oblivious to the fact that their illiberal ideology, not liberal democracy itself, is at the root of many societal problems, including urban […]

Read More

Collegiate Fiscal Insanity in Texas

It seems to me that Texas always likes to try to outdo everyone else—think of outsized political personalities like Lyndon B. Johnson. Maybe the state has something of an inferiority complex that it thought it could remedy by adroitly using its massive oil revenues. Two large direct beneficiaries of those revenues are the University of […]

Read More

Indoctrinating Students Isn’t Easy

UCLA has found a novel way to improve the politicization of its curriculum. UCLA Today, the faculty and staff newspaper, reports that the university’s Institute of the Environment and Sustainability and the Sustainability Committee have teamed up to help faculty members across the university figure out ways to slip sustainability messages into their classes, regardless […]

Read More

“Diversity” and the Gender Gap in Economics

Both Inside Higher Ed and the Chronicle of Higher Education have articles this morning about a new survey of Economics PhDs that finds a dramatic gender gap on policy questions.  Among the findings, women economists are: 20% more likely than men to disagree with the notion that the United States has too much government regulation; […]

Read More

A Campaign Against the Koch Foundation

There is an old saying in politics that “They don’t scream unless you hurt them.”  When your adversaries scream, it is a good sign that your measures have been effective. Judged by this standard, the Koch Brothers (David and Charles) have been very effective in recent years in advancing their causes of limited government and […]

Read More

150 Years of Contempt for Free Markets

Alan S. Kahan has cast new light on an ongoing conflict with origins in classical antiquity if not earlier. Kahan’s Mind vs. Money: The War Between Intellectuals and Capitalism is a learned and engaging account of the tension between the amorality of the marketplace and the moralism of would-be priestly authorities. Until the Enlightenment, merchants […]

Read More

Every Professor an Entrepeneur?

What if all college professors were forced to be higher-education entrepreneurs, with salaries pegged to the number of students they attract to their classes? That’s the model recently proposed by a Texas professor who styled himself “Publius Audax” on a Pajamas Media blog. Publius launched his proposal, he wrote, as the solution to a projected […]

Read More

Recapturing the University: The Hybrid Alternative

In the contemporary battle within the social sciences between free market think tanks and liberal- dominated universities, the former labor under a huge disadvantage: they lack students. Think-tank based scholars may daily issue erudite policy analyses, write incisive op-ed columns galore, dominate talk radio, publish in widely admired magazines like City Journal but the half-life […]

Read More

Remarkable Fact Of The Day

At the University of North Carolina, Chapel Hill, students can minor in social and economic justice without taking a single economics course.—Reported by E. Frank Stephenson on the Division of Labor blog.

Read More

We Are All Marxists Now

In an unintentional, if powerful, commentary on the grip that groupthink has on some quarters of the economy, LeMoyne professor Dolores Byrnes informed readers of the NEA’s Thought & Action that “some professors of education recently told me during a department retreat: ‘We are all Marxist, it doesn’t even need to be said.’” No wonder […]

Read More

The Rise Of The Economics Major

This piece was co-authored by Maurice Black With the global economy enduring its worst downturn in decades, a nervous public anxious to know what might happen next, and economics professors becoming media celebrities in their own right, it’s no surprise that more college students are gravitating toward economics classes. The Oberlin College economics department reports […]

Read More

Milton Friedman Still Haunts Chicago Faculty

The efforts of some of the University of Chicago’s faculty to derail a planned research institute named after the university’s Nobel Prize-winning economist Milton Friedman (1912-2006) is full of delicious ironies. In a June 6 letter to Chicago’s president, Robert Zimmer and its provost, Thomas Rosenbaum, more than 100 professors—not a single one from Chicago’s […]

Read More

Milton Friedman Still Irritates Some Professors

A group of professors at the University of Chicago—101 of them, or about 8 percent of the full-time faculty—is protesting the decision to establish an economics research institute on campus to be named after Milton Friedman. Their letter to the president of the university says the naming would “reinforce among the public a perception that […]

Read More

The ‘Third Way’ At The University Of Chicago

Recently The Chronicle of Higher Education (May 9, 2008) devoted four full pages to a new book by two professors at the University of Chicago, Richard Thaler and Cass Sunstein, one a professor of economics and behavioral science and the other a professor of law. The book, entitled Nudge: Improving Decisions About Health, Wealth and […]

Read More

College Admissions, Let’s Not Break The Law

David Leonhardt, an economics columnist for the New York Times, recently visited the University of California at Los Angeles (UCLA) and took a careful look at the current admissions process of that campus in the wake of Proposition 209, the California ballot initiative that outlawed race and gender preferences in public education, as well as […]

Read More