The Intercollegiate Studies and Cato Institutes deserve our thanks for this conference posing the question, “What Should Be a Culture of Enterprise in an Age of Globalization?” But I think we must start with a prior question: Isn’t “culture of enterprise” really an oxymoron? Read More.
What Should Be a Culture of Enterprise in an Age of Globalization?
The Economics of Loving Your Neighbor
[NOTE: The graphs and charts from Mr. Mueller's presentation are available in PowerPoint and PDF formats by clicking here.]
Princeton University and the Pace Center deserve our thanks for organizing this panel on “The Economics of Loving Your Neighbor.” The great German economist Wilhelm Röpke once wrote, “Economically ignorant moralism is as objectionable as morally callous economism.” By inviting economists like Alan Blinder, William Niskanen, and Uwe Reinhardt to discuss its mission of civic engagement, the Pace Center is in a good position to avoid both objections.
Jacques Rueff: Political Economist for the 21st Century?
My original plan, several months ago, was to do homage before the 20th century ended to the French economist Jacques Rueff, by nominating him as the “rightest” political economist of the century. I had to rethink that plan after the Royal Swedish Academy of Sciences awarded the Nobel Prize for Economics to Robert A. Mundell in October. It would have seemed strange to honor the dead before the living, so I devoted December’s LBMC Report to Mundell (“Nobel Prize-Winner Robert A. Mundell: An Appreciation,” 29 December 1999). I also realized that there was no need to shoehorn Rueff into the last days of the 20th century. Jacques Rueff wasn’t the most famous or the most influential economist of his time; John Maynard Keynes walks away with both those awards. But Rueff’s ideas about economic policy will easily make the transition to the 21st century, whereas Keynes’s will not.
Nobel Prize Winner Robert A. Mundell: An Appreciation
In October, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics to Robert A. Mundell. The Nobel Committee cited Mundell “for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas.”