Purpose: This study aims to offer a critique of the theory of the deterioration in terms of trade, developed by Raúl Prebisch and Hans Singer. Design/methodology/approach: As an example of the theory’s shortcomings, the case of Argentina’s import substitution model is analyzed. Findings:...

Purpose: The purpose of this paper is to correct Rozeff (2010). He contends that fractional-reserve banking is legitimate and efficacious. The authors demonstrate that it is not. Design/methodology/approach: The design of this paper is to quote widely from Rozeff (2010) and then to expose his...

Milton Friedman is famous for his book title: “Free to Choose.” He also favors educational vouchers, which denies the freedom to choose to people who do not wish to subsidize the education of other people’s children. Thus, he is guilty of a logical contradiction. Why is it important to...

1. Epistemology and Methodology -- 2. Microeconomics -- 3. Labor Economics -- 4. Macroeconomics -- 5. International Economics -- 6. Political Philosophy -- 7. Law -- 8. Public Policy -- 9. Final Thoughts.

This book compares and contrasts the motivations, morality, and effectiveness of space exploration when pursued by private entrepreneurs as opposed to government. The authors advocate market-driven, private initiatives take the lead through enhanced competition and significant resources that can...