Archive for the ‘Reason Magazine – Economics’ Category:

Capitalism and the Company Town

{ Posted on Sep 01 2010 by Damon W. Root }
Writing in The Wall Street Journal, former Reason staffer Bill Kauffman reviews Hardy Green’s new book The Company Town: The Industrial Edens and Satanic Mills That Shaped the American Economy. Though Green's focus is mostly on private municipal enterprises like Hershey, Pennsylvania and Gary, Indiana ...Read More »

The President’s Contradiction Soup

{ Posted on Sep 01 2010 by Matt Welch }
From Obama's prepared remarks last night: As the leader of the free world, America will do more than just defeat on the battlefield those who offer hatred and destruction–we will also lead among those who are willing to work together to expand freedom and ...Read More »

Gas Prices Explained

{ Posted on Aug 31 2010 by Ronald Bailey }
Good news for American drivers! Just in time for the Labor Day weekend, gasoline prices are falling. According to the Energy Information Administration (EIA) gas prices peaked in the spring. Gas prices usually rise in the spring because of the supply constraints created by ...Read More »

Jobs Are So 2009

{ Posted on Aug 31 2010 by Tim Cavanaugh }
In the Wall Street Journal, economist Robert Barro makes the case against the 99-week extension for unemployment payouts: In the past, this change entailed extensions to perhaps 39 weeks of eligibility from 26 weeks, though sometimes a bit more and typically conditioned on the employment ...Read More »

Reason Writers Around Town: Shikha Dalmia on Obama’s "Mission Accomplished" Moment at GM

{ Posted on Aug 30 2010 by Economics }
The Obama administration is desperate to declare victory on the auto bailout. As desperate as the Bush administation was to declare vicotry in Iraq two months after it invaded the country. But just as President Bush's "Mission Accomplished" declaration turned into a PR fiasco, ...Read More »

Velour Track Suits and the Road to Serfdom

{ Posted on Aug 30 2010 by Damon W. Root }
The Wall Street Journal looks into the intellectual resurgence of the Austrian school of economics and identifies one of the driving figures: George Mason University economist Pete Boettke. As reporter Kelly Evans writes: Peter J. Boettke, shuffling around in a maroon velour track suit or ...Read More »

China’s Looming Real-Estate Bubble

{ Posted on Aug 27 2010 by Shikha Dalmia }
American enthusiasts of more stimulus have been urging this country to look to China for guidance on how to beat a recession. As they see it, while our politicians debated and dithered and fell short, China's wise autocrats moved quickly to inject a ...Read More »

Taking Economic Liberty Seriously

{ Posted on Aug 26 2010 by Damon W. Root }
On March 5, 1934, the U.S. Supreme Court declared New York shopkeeper Leo Nebbia to be a criminal because he sold two quarts of milk and a 5 cent loaf of bread for the combined low price of 18 cents. As Justice Owen ...Read More »

Where Are the New Jobs?

{ Posted on Aug 26 2010 by Shikha Dalmia }
"Corporate profits are soaring. Companies are sitting on billions of dollars of cash. And still, they've yet to amp up hiring or make major investments." So writes The Washington Post about the recession's stubborn refusal to go away. The statisticians at the National Bureau of ...Read More »

“They’re cutting into our profit”

{ Posted on Aug 25 2010 by Damon W. Root }
As Jacob Sullum noted earlier this month, the Institute for Justice recently filed a major economic liberty suit against the state of Louisiana for its draconian restrictions on the sale of “funeral merchandise.” Among other things, the law currently prevents a group of Benedictine monks from ...Read More »