A Return to Classical Monetary Policy?

By |2020-01-09T11:01:42-06:00April 22nd, 2015|Categories: Economic History, Economics|

Recently, I numbered among the twenty-some self-styled conservatives, organized by Steve Lonegan, who gathered at the headquarters of the Federal Reserve to meet with Chair Janet Yellen and governor Lael Brainard. (Steve is Director of Monetary Policy for American Principles in Action.) We met for an hour, with a selection of us giving remarks [...]

Did the Tariff Really Make America?

By |2020-01-14T11:43:11-06:00December 11th, 2014|Categories: Brian Domitrovic, Economic History, Economics, Political Economy|

Every nation has its “founding myth,” as we are apt to hear from post-modern quarters. But is this ever true when it comes to our economic history. In curricula from K-12 to history graduate school, it is staple fare that as a new nation in the early nineteenth century, the United States nurtured its [...]

Aristotle and Economic Prudence

By |2019-12-19T12:30:07-06:00December 20th, 2012|Categories: Aristotle, Classics, Economic History, Economics, Featured, Mark Malvasi, Political Economy|

In Aristotle's view, “true wealth” was finite, restricted to those articles “useful to the association of the polis or the household,” and thus necessary to sustain “the good life.” The exchange of commodities for money with the aim of making a profit was an artificial, and potentially destructive, enterprise. Trade, Aristotle declared, should be mutually beneficial, [...]

The Age of Keynes

By |2014-01-20T11:35:22-06:00December 5th, 2012|Categories: Books, Economic History, Economics, Political Economy|Tags: |

Grand Pursuit: The Story of Economic Genius, by Sylvia Nasar, Simon & Schuster, 558 pages In December 1974, in the midst of the first energy crisis, Friedrich Hayek received the Nobel Prize in Sweden and confessed, “we have little cause for pride: as a profession we have made a mess of things.” He admitted that [...]