Heavyweight Books

Too many people don’t read any books at all and some read only books with lots of pictures and simple words. However, at the other end of the spectrum, there are people who think nothing of digging into books that run into multiple volumes. This column is for...

Mind-Changing Books

From time to time, readers ask me what books have made the biggest difference in my life. I am not sure how to answer that question because the books that happened to set me off in a particular direction at a particular time may have no special message for others...

Gas Prices and Price Controls

With all the recent hype and demagoguery about gasoline price-gouging, maybe it’s time to talk about the basics of exchange. First, what is exchange? Exchange occurs when an owner transfers property rights or title to that which is his. Here’s the essence...

Christmas Reading

My annual list of books to recommend as Christmas presents is led by the clearest front-runner in years: “1776” by David McCullough. There was a time when the very mention of 1776 struck a responsive chord in Americans, as the year in which their...

Oil Company Profits and The Senator From Windfall

Of all the politicians complaining about the profits and practices of America’s wicked oil companies, few can top Sen. Maria Cantwell (D-Wash.). Among her latest ventures is a demand that the oil company executives who testified Nov. 9 be brought back to the...

The Unlearned Lesson of Enron–4 Years Later

Four years ago this month, Enron Corporation–number 7 on the Fortune 500–filed for bankruptcy, culminating a collapse that shocked America. It is commonly believed that Enron fell because its leaders, eager to make money, schemed to bilk investors. The...

McJobs: Dead End Jobs?

Certain jobs are derisively referred to as “burger flipper” or “dead-end” jobs. I’d like someone to define a dead-end job. For example, I started out as a professor of economics at California State University, Los Angeles and then at...

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