By Peter Klein | Monday August 16, 2010 at 1:51 PM PST | 1 Comment
This book also highlights two enduring alternative paradigms about the fundamental nature of economic systems. The early Puritans had viewed the market essentially as a human activity, and, as such, less than perfect. That being assumed, economic behavior needed boundaries defined by human institutions (churches and governments). The impact of commerce on the local...
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Tags: Austrian School of economics, Economics, Free Market, Religion
By Mary Theroux | at 11:54 AM PST | 4 Comments
The Wall Street Journal has been polling economists throughout the recession on their forecasts, including for unemployment—which have not been very accurate—as well as advice on government policy. Their most recent response: “Economists Want Policy Makers to Back Off Now.” Despite the continuing challenging conditions, 30 out of 48 economists ... said the economy...
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Tags: Bailouts, Budget and Tax Policy, Business, Economics, Employment, Federal Reserve, Free Market, Government subsidies, Great Depression, Mercantilism, Money and Banking, Politics, Presidential Power, Taxation, Transparency, Welfare