I simply shake my head… ========= William Baumol,Robert Litan, and Carl Schramm, “Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity” (2007): The most astonishing thing about the extraordinary outpouring of growth and innovation that the United States and other economies have achieved over the past two centuries is that it does not astonish us. Throughout most of human history, life... Read more
Archive for the ‘Economics’ Category
Economics of Growth and Prosperity
March 14 | Posted by mrossol | American Thought, Business, EconomicsHow Pizza Became a Growth Stock
March 14 | Posted by mrossol | American Thought, Business, EconomicsLots of companies like this one. Or maybe, lots of companies have the opportunity like this one. ============= By Stephen Moore March 13, 2015 6:39 p.m. ET Here’s a question that has been puzzling Patrick Doyle, the CEO of Domino’s, for months, as he puts it: “How do we list the calorie content of our pizzas on a menu when we have 34 million... Read more
Fossil Fuels Will Save the World (Really)
March 14 | Posted by mrossol | Economics, Environment, Global Warming, Politically correct, ScienceI think the right honorable gentleman makes some very keen observations. === By Matt Ridley March 13, 2015 5:33 p.m. ET The environmental movement has advanced three arguments in recent years for giving up fossil fuels: (1) that we will soon run out of them anyway; (2) that alternative sources of energy will price them out of the marketplace; and (3) that we cannot... Read more
The Right-to-Work Advantage
March 7 | Posted by mrossol | American Thought, Economics, Labor, Party Politics, UnionsMore discussion would be welcome! ============= By Luke Hilgemann And David Fladeboe March 4, 2015 6:51 p.m. ET Wisconsin will likely become the nation’s 25th right-to-work state within the next week. No longer will the Badger State’s private-sector employees be compelled to join a labor union and pay dues as a condition of employment. Debates over this contentious public policy are usually cast as fights... Read more
Book Review: ‘American Made’
March 7 | Posted by mrossol | American Thought, Economics, Party PoliticsNucor, one of the world’s most profitable steel companies, hasn’t laid off an employee in 42 years in the business. What’s its secret? ======== CHARLES R. MORRIS March 3, 2015 7:02 p.m. ET Nucor is one of the world’s most profitable steel companies and the only North American steel company to have an investment-grade bond rating. Dan DiMicco was its chief executive from 2000... Read more
The Mumbo-Jumbo of ‘Middle-Class Economics’
March 7 | Posted by mrossol | Democrat Party, Economics, Party PoliticsYou can prove anything with numbers. This article addresses a prime example of this ‘truism’. It also reinforces the importance of “defining terms”. ======= By Alan Reynolds March 2, 2015 7:01 p.m. ET In the “Economic Report of the President” released on Feb. 19, the White House’s Council of Economic Advisers defines “middle class economics” primarily by the average income of the bottom 90%.... Read more
