EPPC - John Mueller RSS Feed

Were John Locke and the Founders "Lockeans"—or Scholastics?

Wed, 11 Jan 2012 00:00:00 EST

The ways in which James Madison and Alexander Hamilton developed the scholastic economics tradition handed on through the 'laic scholastic' John Locke can illuminate today's partisan debate about the Federal budget.

The Chaos Congress Caused by Ending and How It Will Restore the Gold Standard

Fri, 14 Oct 2011 00:00:00 EST

Only proper monetary reform—specifically, restoring the international gold standard without official-reserve currencies—will end the three longstanding problems which have undermined the United States: endless federal deficit spending, chronic episodes of inflation or deflation like 2008-9, and declining U.S. international competitiveness.

Hamiltonian Advice for Chicken Littles

Tue, 09 Aug 2011 00:00:00 EST

Both the stock market's latest decline and Congress's inability to balance the budget are related to the same problem: Congress having abandoned Hamilton's first principle of American political economy: Don't issue money to fund the federal deficit.

Babies and Dollars: Implications for USA, Russia, and the World

Mon, 25 Jul 2011 00:00:00 EST

The updated model of world fertility shows that across all countries, the birth rate is strongly reduced by both social benefits and national saving, but strongly and positively related to the rate of weekly worship.

Dollars and Sense

Fri, 24 Jun 2011 00:00:00 EST

Both Republicans and Democrats have pushed policies that have violated the principles that undergirded the successful American policies of the past, which were outlined by James Madison and Alexander Hamilton in The Federalist papers and implemented by George Washington, Abraham Lincoln, Franklin D. Roosevelt, and Ronald Reagan as the country developed.

What the Smartest Guy in the Room Doesn’t Get

Wed, 27 Apr 2011 00:00:00 EST

Like Friedman, Bernanke erred in restricting the meaning of "money" to domestic while ignoring foreign central-bank liabilities.

What If the Smartest Guy in the Room Doesn’t Get It?

Tue, 26 Apr 2011 00:00:00 EST

Ben Bernanke specialized in the Great Depression, but ignored Jacques Rueff's contemporaneous explanation: the U.S dollar and British pound's use as reserve currencies.

Why the Next Successful President Will End the ’Reserve Currency Curse’

Fri, 08 Apr 2011 00:00:00 EST

The next successful president will end the dollar's "reserve currency curse" because American voters hold the president responsible for its results: endless deficit spending, price instability, and declining international competitiveness.

On Southern Charm and Northern Rudeness: Or, Why is the Big Easy Easy and the Big Apple Tart?

Mon, 28 Mar 2011 00:00:00 EST

An Augustinian theory of social graces suggests that city dwellers are not less generous than country dwellers, but their generosity is distributed among many more recipients.

Why Real Monetary Reform Can—and Must—Be Done Now

Fri, 18 Mar 2011 00:00:00 EST

The monetary and budget reforms left unfinished in the 1980s now seem finally doable.

"Reagan Democrats" Still Key to Economic Reform

Wed, 16 Feb 2011 00:00:00 EST

Despite deep partisan divisions, President Ronald Reagan won majorities of Republicans, Independents and "Reagan Democrats" by heeding James Madison's observation in Federalist No. 10 that "the most common and durable source of factions is the various and unequal distribution of property."

The Wiki’leak,’ MAD Men, and the Dollar

Wed, 09 Feb 2011 00:00:00 EST

The significance of the latest Wiki'leak' was hardly that private bank economists' prognosis of stumbling-along-further endorsed Treasury Secretary Timothy Geithner's policy of Managing American Decline (MAD).

State of Monetary Chaos

Tue, 25 Jan 2011 00:00:00 EST

By all accounts, President Barack Obama will refocus in his 2011 State of the Union address on "jobs and competitiveness" -- but not propose the two measures that would cut unemployment sharply and start to reverse the decline of U.S. industry. The next successful American president will.

Redeeming Economics

Wed, 22 Dec 2010 00:00:00 EST

The thesis of Redeeming Economics is straightforward: The most important element in economics is missing, and its rediscovery is priming a revolution the likes of which has occurred just three times in more than 750 years.

Redeeming Economics

Thu, 09 Dec 2010 00:00:00 EST

The Ethics and Public Policy Center and the American Principles Project invite you to attend a reception and book signing on December 9, 2010 for EPPC Fellow John D. Mueller's Redeeming Economics, which Weekly Standard editor Bill Kristol calls "a book that could fundamentally reground the discipline of economics and reorient the study of political economy."

Redeeming Economics

Wed, 10 Nov 2010 00:00:00 EST

The most important element of economic theory has been ignored for more than two centuries, and its rediscovery has started a revolution the likes of which occurred just three times in eight centuries. In Redeeming Economics: Rediscovering the Missing Element, John D. Mueller shows how reapplying the economic thought of Aristotle, Augustine, and Aquinas makes economics whole again.

Economics Deconstructed

Fri, 28 May 2010 00:00:00 EST

The best thing about The Dismal Science: How Thinking Like an Economist Undermines Community is the title.

How Do Nations Choose "Demographic Winter"? Is America Doing So?

Mon, 21 Sep 2009 00:00:00 EST

The recipe for "demographic winter" throughout Europe and Asia has been the same combination of legal abortion and high health-care and other social benefits now advocated by President Barack Obama and a majority in Congress.

Review of "Calculated Futures: Theology, Ethics, and Economics"

Mon, 14 Sep 2009 00:00:00 EST

In Calculated Futures, economist Nancy Fox writes, "Both theologians and neoclassical economists appear to agree that the market is the best way for an economic system to achieve efficiency." She adds, "Possibly the most significant source of conflict is the sheer ignorance of one discipline of the other." Actually, as this book confirms, the biggest problem is each discipline's ignorance of its own history.

Infant Industry: The Past and Future of the American System

Tue, 01 Sep 2009 00:00:00 EST

A single coherent tradition links all economically and politically successful American economic policy from George Washington through Abraham Lincoln, Franklin Delano Roosevelt, and Ronald Reagan. Tracing its origins and development helps us understand why the success of the American experiment at first critically depended -- and depends now in a more literal sense-on promoting the nation's ‘infant industry.'