Stephen Hicks

Argentina, Hong Kong, and the psychology of belief

Over the last 80 years, the world rankings of Hong Kong and Argentina: Resource-poor Hong Kong’s relatively laissez-faire free market has taken it from poverty to riches. Resource-rich Argentina’s experiments in statism have taken it from prosperity to decline and semi-functionality. In this Wall Street Journal/Heritage ranking, Hong Kong is currently first in the world

Argentina, Hong Kong, and the psychology of belief Read More »

Atlas Shrugged movie — first reaction

As someone who read and loved the book, this movie totally worked for me. Schilling’s Dagny is intelligent, emotionally expressive, and beautiful. Bowler’s Hank Rearden is equally intelligent and competent, with occasionally bemused, understated humor and equally occasionally understated anger. And the sexual chemistry between the two — yes, indeed. Wisocky is tone-perfect as that

Atlas Shrugged movie — first reaction Read More »

APEE update — Deirdre McCloskey

Why did the modern economic revolution in production and trade first happen in north-western Europe? At the APEE conference, Deirdre McCloskey delivered a plenary address based on her new book, Bourgeois Dignity: Why Economics Can’t Explain the Modern World. Her argument is that neither material resources nor technology nor capital accumulation nor geographical factors drove

APEE update — Deirdre McCloskey Read More »