Sublime

The common story about the Great Depression posits that President Hoover chose to remain inactive in the face of the downturn, due to a misplaced faith in the ability of free markets to bring about recovery, and adherence to the gold standard. Only when he was replaced by Franklin Delano Roosevelt, who moved to an activist governmental role and sus

twentieth-century capitalism is based on maximal consumption of the goods and services produced as well as on routinized teamwork.

It should use modern technology to make free speech, free assembly, and a free press truly universal and, therefore, fully educational.

falling public expenditures on research and development (R&D) as a share of gross domestic product (GDP), especially in information technology.

According to economic theory, at least, the last thing a profit-seeking firm is going to do is shell out money to workers they don’t really need to employ. Still, somehow, it happens.

I call the second principle the Principle of Growth Plus Rights: The Principle of Growth Plus Rights: Inviolable human rights, where applicable, should constrain the quest for higher economic growth.

is currently a proposal on record which seems at first to make a great deal of sense. It has been prepared by Christopher Jencks of the Center for the Study of Public Policy and is sponsored by the Office of Economic Opportunity. It proposes to put educational “entitlements” or tuition grants into the hands of parents and students for expenditure i

As Hayek put it: “The cause of waves of unemployment is not ‘capitalism’ but governments denying enterprise the right to produce good money.”