2002 Nobel Prize in Economic Sciences

Here’s what I said in last year’s November column: “George Mason University economists are leaders in economic thinking. They include scholars such as Nobel Laureate James Buchanan, who along with his colleague Gordon Tullock, pioneered the field in...

Lessons From Bali: Facing Up To Evil

Perhaps the massive bomb blast on the Indonesian island of Bali will cause some second thoughts — or perhaps first thoughts — by those who blamed the United States for having provoked the September 11th attacks by its actions and policies in the Middle...

One-Uppers vs. Survival

Among the many commemorations of the September 11th anniversary, the one at Berkeley was unique. The American flag was banned because it might offend people from other countries. “The Star Spangled Banner” was banned because it was considered too...

Business Model Bloopers and Blunders

You can talk about all of the things impacting our economy – government regulation, terrorism, the Fed’s determination in 2000 to convert a virtuous cycle into a vicious cycle – but I think that there is another problem facing our economy: flawed...