The paper aims at outlining such conceptual change with a brief account of pre-Real Plan stances on inflationary inertia and contrasts them against the general opinion on the matter in more recent times. The literature has been largely silent about the conceptual gap between the stabilization...

In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places. Nasar's goal is to show how economists work, but also to...

Purpose – The objective of this study is to examine the risk effects of the US-China Trade war and to derive risk mitigating strategies for the Korean economy.Design/methodology/approach – This study examines and compares the US-Japan and US-China trade war to find out the real aspects of...

This paper seeks to explain the collapse of the market for bankers' acceptances between 1931 and 1932 by tracing the doctrinal foundations of Federal Reserve policy and regulations back to the Federal Reserve Act of 1913. I argue that a determinant of the collapse of the market was Carter Glass'...

This paper seeks to explain the collapse of the market for bankers' acceptances between 1931 and 1932 by tracing the doctrinal foundations of Federal Reserve policy and regulations back to the Federal Reserve Act of 1913. I argue that a determinant of the collapse of the market was Carter Glass'...

This paper was presented as the Henry Hazlitt Memorial Lecture at the Austrian Economics Research Conference, Ludwig von Mises Institute Auburn, Alabama. In this lecture, I look at a debate in the 1960s between Frank H. Knight, the subject of my new book (2016) in Palgrave Macmillan's Great...

Oratorical talent and the ability to forge unity and bipartisanship have been touted as important qualifications for our next president. Many assert these traits are necessary to lead us out of our current quagmires, e.g. recession, war, and the crisis in health care. This article examines the...

While America is preparing again for an important shift in policy-making, how would its Leaders read the map in the Arab-Islamic world? That's our concern here...The dramatic global resurgence of religious, often fundamentalist, movements over the last decades has caught many people by surprise....

Concepts of the Topoi, later segued into Commonplaces (linguistic collections, sources for arguments), mutated from the Aristotelian et.al. cognitive searches for truth into a broader concept. That seminal cognitive basis, over the years, became a disparate and free-flowing collection of...

This paper surveys early intellectual antecedents of the Krueger (2001) proposal for creating bankruptcy reorganization procedures at the international level. We focus on actual proposals for new procedures made from the late 1970s up to an influential lecture by Sachs (1995), with brief...