prosperous economy. What is this simple lesson? In successful economies, economic policy has been pragmatic, not ideological. And so it has been in the United States. From its very beginning, the United States again and again enacted policies to shift its economy onto a new growth direction. ... These redirections path, and, where needed, provided the means. And then the entrepreneurs rushed in, innovated, took risks, profited, and expanded that new direction in ways that had not
Concrete Economics: The Hamilton Approach to Economic Growth and Policy Stephen S. Cohen and J. Bradford DeLong Harvard Business Press Review, 2016 xi United States. From its very beginning, the United States again and again enacted policies to shift its economy onto a new growth direction. These redirections have
– October 2016).] Concrete Economics: The Hamilton Approach to Economic Growth and Policy Stephen S. Cohen and J. Bradford DeLong Harvard Business Press Review, 2016 xi United States. From its very beginning, the United States again and again enacted policies to shift its economy onto a new growth direction. These redirections have
Accountability Office, which provide stable long-term employment to highly trained policy experts in a context of strict non-partisanship. (pp. 161–162) The Federal wheels of the sectors of the economy with the greatest potential for growth and innovation. (p. 75) In their discussion of this topic, they fall prey to a common
by the industry and is designed and operated primarily for its benefit.’ The innovation in Stigler’s paper was his conclusion that government should stop trying. him to ask whether the commodity standard defended by these authors, rather than a policy of monetary expansion sponsored by the government, is the true free market
in new technology causes a boom and subsequent collapse, but eventually the innovation becomes widespread and the economy prospers. It does not seem to have of Americans and foreigners” (p. 182). Lind further admits that in defending his policy of military arrests, “the president lied to the American public” (p. 179).
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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.