First, the government monopoly: CNN Money reports that the “U.S. Postal Service reports $2.2 billion loss” in the first quarter of 2011 and expects to lose lots more. Second, two private market companies: Reuters reports that United Parcel Service’s “profit tops estimates” but, sadly, that FedEx’s profits “fell 3 percent to $231 million.” One question […]
FedEx and UPS versus USPS Read More »
Natural News surveyed its readers asking which corporations they believed to be the most evil: Monsanto topped the list, followed by B.P., Halliburton, McDonald’s, Pfizer, Merck, Wal-Mart, and Nestlé. Natural News writer Mike Adams reported on the survey results, chiming in to agree and add his opinion that Monsanto is not only evil but psychotic
The “Monsanto is evil” puzzle Read More »
Egalitarianism wins. Chipotle restaurant lost an appeal opportunity when the U.S. Supreme Court declined to hear the case. Chipotle had been sued by a wheelchair-bound customer who complained that while other customers could see their food being prepared a four-foot high counter blocked his view from his wheelchair perspective. The plaintiff argued that his rights
Chipotle Mexican Grill versus egalitarianism Read More »
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 »
My essay, Defending Shylock: Productive Work in Financial Markets, is now available in Kindle format. In this essay, I discuss the great value that financial markets add to an economy and the nature of the intellectual work that underlays them. In addition, I argue against the critics of financial markets who argue that those who
Defending Shylock — Kindle version Read More »
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 »
I interviewed Dr. David R. Henderson after his talk at Rockford entitled “Seven Myths of Free Markets.” Professor Henderson teaches economics at the Naval Postgraduate School in Monterey, California and is a research fellow with Stanford University’s Hoover Institution. Dr. Henderson also explains the surprising, true origin of “the dismal science.” For more about Professor
David Henderson on seven myths of free markets Read More »
In my role as CEE’s Executive Director, I interviewed guest speaker Professor Al Gini on leadership, after his talk on that theme at Rockford College. Dr. Gini is also the co-founder and Associate Editor of Business Ethics Quarterly. For more from Dr. Gini, check out his many books, which include My Job My Self: Work
Interview with Professor Al Gini Read More »