Savings as the engine of economic growth
Most economists concur with the view that what keeps the economy going is consumption expenditure. Furthermore, it is generally held that spending rather than…
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Augsburg: A Capitalist Hub at the Birth of the Modern
By Marcia Christoff-Kurapovna Beautiful Augsburg, city of bronzed doors and glory of the German Renaissance, occupies an unusual and mostly unknown position in the history…
Read MoreWhy Not Private Provision of Many Government Services?
One of the great controversies in modern society concerns the necessary and required functions of government. There are few who disagree that if government…
Read MorePublic Goods, National Defense, and Central Planning
The competitive market economy is a powerful institutional mechanism for bringing human ingenuity, energy and creativity to bear to improve both the material and…
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Artificial intelligence
“Sir, I think that I have at long last identified why the National Health Service is experiencing high levels of patient pressure, especially…
Read MoreThe Hanseatic League: An “Empire” of Commerce
By Marcia Christoff-Kurapovna Once upon a time there was a northern, medieval phenomenon as much the subject of universal myth and curiosity as that of…
Read MoreCradles of Capitalism: the City-States of Greece and Italy
By Marcia Christoff-Kurapovna There long has been a persistent academic debate as to whether an “ancient economy,” referring mainly to Greece, even existed at all. In…
Read MoreWe need profitability, not growth
Since the Great depression (the 2007/8 one not the 1929 one!) the political and economic mantra chimed from every group be they political, economic…
Read MoreEconomic Ideas: Jean-Baptiste Say and the “Law of Markets”
Whatever economic freedom we enjoy in the world today is due, to a great extent, to the ideas and efforts of the classical liberals…
Read MoreShould diversification be primary consideration in asset allocations?
Recently one of the most successful Wall Street investors Warren Buffet urged investors to forget about active investment and simply put their money into…
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