Economics

À procura de um culpado: “A desregulamentação causou a crise financeira”

Você já ouviu a afirmação: “a desregulamentação causou a crise financeira”. Nos anos que antecederam a 2008, diz a história, maus economistas convenceram maus políticos a desregularem os setores bancário e financeiro da economia, e maus capitalistas desfrutaram de uma orgia de ganância que fez com que o sistema enlouquecesse. Os prêmios Nobel Joseph Stiglitz […]

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Conservadores contra o capitalismo de livre mercado

Depois de bater em alguns ícones “da esquerda” (aqui, aqui, e aqui, por exemplo), é hora de castigar alguns “da direita”. O vocabulário político norte-americano tende a dividir as pessoas entre liberais¹ (na esquerda) e conservadores (na direita). Todas essas definições são generalizantes, e a grande questão é como classificar libertários, democratas, socialistas, teocratas e

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Who Is Really Serious About Monopolies? [new The Good Life column]

The opening of my latest column at EveryJoe: “Raise the topic of monopolies, and the ensuing discussion will quickly highlight ideological blind-spots. “A colleague with whom I’ve taught courses in business and capitalism sent to me, enthusiastically, this article by Paul Krugman, a Nobel-Prize-winning economist. Krugman attacks Amazon and calls for it to be cut down a

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Onde estão os economistas de livre mercado que causaram a crise financeira?

Um meme comum sobre a crise financeira culpa o capitalismo descontrolado e responsabiliza a ascensão do fundamentalismo de livre mercado entre os economistas como responsável pelo aumento da ganância. De acordo com o esse argumento, os economistas acadêmicos são, em grande parte, liberais. Eles convenceram os políticos a desregulamentarem setores importantes da economia norte-americana, de

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Lifeboat Ethics: How Scarcity Thinking Sets Us at Each Others’ Throats [new The Good Life column]

The opening of my latest column at EveryJoe: “A scenario that is beloved of ethicists, public policy experts, and management consultants asks you to imagine yourself on a lifeboat. “Built into such scenarios are powerful assumptions with life-or-death consequences, so as we work through the lifeboat scenario try to make those assumptions explicit. Here we go: “You

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Blamestorming: “Deregulation Caused the Financial Crisis” [new The Good Life column]

The opening of my latest column at EveryJoe: “You’ve heard the claim: ‘Deregulation caused the financial crisis.’ In the years leading up to 2008, the story goes, bad economists convinced bad politicians to deregulate the money/banking/finance sector of the economy, and bad capitalists then enjoyed an orgy of greed that caused the system to go

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Where are all those free-market economists who caused the financial crisis? [new The Good Life column]

The opening of my latest column at EveryJoe: “A common meme about the financial crisis blames it on capitalism run amok and holds the rise of free-market fundamentalism among economists responsible for unleashing the greed. Academic economists, the argument runs, are largely free-marketers, and they convinced politicians to deregulate important swathes of the American economy,

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“What Justifies Liberal Capitalism: Are Hayek’s, Rand’s, and Friedman’s Answers Compatible?” My 2013 Atlas Summit lecture

The one-hour video of my lecture is at the Atlas Society site and at YouTube. The lecture starts at 3:40, after the introduction, and is about 45 minutes long, followed by a question-and-answer session. The sub-topics are: * 13 initial arguments for liberal capitalism. * Some quotations from Mises, Schumpeter, Jouvenel, Smith, Hayek, Mill, Rand,

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