THE ENVIRONMENTAL COST OF GREEN ENERGY

The “Stakeholder” Fallacy
Allison Schrager, City Journal

Joe Biden unveiled his economic plan last week. It’s mostly unremarkable, containing Donald Trump-like nods to economic nationalism, but one thing that stood out was Biden’s vow to “put an end to the era of shareholder capitalism.” The former vice president and presumptive Democratic presidential nominee rejects “The idea the only responsibility a corporation has is with shareholders. That’s simply not true. It’s an absolute farce. They have a responsibility to their workers, their community, to their country. That isn’t a new or radical notion.” Read more here..

The Journey Home: Wilhelm Röpke & the Humane Economy

The Effect of Economic Freedom on Labor Market Efficiency and Performance
By Lee Ohanian via the Human Prosperity ProjectLee Ohanian surveys the history of American labor since 1960 and demonstrates that economic freedom has led to greater workforce participation and, consequently, has increased levels of production and per-capita compensation. Conversely, he maintains, when the United States has heavily regulated labor markets via high taxes, minimum wages, collective bargaining, or occupational licensing, it has caused reduced investment, slowed productivity, increased unemployment, and, over the long term, depressed wages.

A tribute to an economic giant — Friedrich Hayek — who would have celebrated his 121st birthday on May 8  
Mark J. Perry | Carpe Diem

What Austrian Economists Can Learn From Roger Scruton
By Allen Porter Mendenhall on May 10, 2020 07:59 pm
There can be no freedom absent some authority. Conservatives and libertarians alike may locate that authority in mediating institutions of modest size, recognizing the importance of consent and localism, family and place, to good government. Sir Roger Scruton’s example shows that certain conservative cultural conditions enable market-based economies to flourish. The room is alive with ...
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E21:  PANDEMIC & JOB LOSS

The Second Phase of Unemployment Will Be Harsher – Victor Tan Chen & Ofer Sharone, The Atlantic

Subsidiarity and solidarity during a pandemic
James C. Capretta | RealClearPolicy

Why Communism Failed And Liberal Democracy Prospered
by Peter Berkowitz via PolicyEd
Liberal democracy triumphs where communism fails because it limits the government’s ability to make important decisions on behalf of its citizens.

The Journey Home: Wilhelm Röpke & the Humane Economy
Building American Institutions During a Cultural Crisis

The Christian Moral Economy
By Cicero Bruce on Jun 20, 2020 04:00 pm
The contributors to “Wealth, Poverty, and Human Destiny” underscore the truth that liberal intellectuals who foster the illusions that God is dead, that man is self-sufficient, are but tools in the hands of the actual dominant force: global corporations that wield economic power, power that the liberal intellectuals unwittingly serve by providing corporate advertisers ...
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The Invisible Hand
by Milton Friedman via PolicyEd
When people follow their own interest, 

Friedman Fundamentals: Good Questions Gone Awry
By Milton Friedman via PolicyEd
When reformers create new regulations, they create opportunities that special interests can exploit to accumulate money and power. As long as we believe that the way to solve our problems is to permanently give the government more power, it will continue to grow.

Reforming The Fed

China’s Coming Economic Shift

 The Phillips Curve: A Poor Guide for Monetary Policy By James A. Dorn
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The Once and Future Worker: A Vision for the Renewal of Work in America by Oren Cass
By Daniel Griswold
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A Century of Federal Reserve Monetary Policy: Issues and Implications for the Future by Thomas R. Saving
By Peter Ireland
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Milton Friedman, An 'Elfin Libertarian' Giant
by David R. Henderson via Defining Ideas
A response to the carping c

Things we know that aren’t so  It’s not just homo economicus who threatens us
 Clifford D. May | Founder & President