Archive for February, 2010

Coyne’s “After War” Challenges US Political Economy

On Thursday, February 8th the Loyola University Economics Club hosted Dr. Christopher Coyne, assistant professor of economics at West Virginia University and author of “After War.” In “After War: The Political Economy of Exporting Democracy”, Coyne uses the tools of economics to analyze the ability of the US to export democracy abroad. He analyzes the [...]

Capital and Labor: The Legos Of Our Economy

The prosperity of a country is tied to the effective usage of its available resources, i.e. capital and labor. The amount of capital and labor in any society is limited, therefore efficient resource allocation is essential for economic growth. Capital and labor are not homogeneous resources. Certain types of capital workbest with a certain types [...]

HANO: Another Public Agency Failure

The Times-Picayune reports on the mismanagement of another public agency. After FEMA, Fannie Mae and Freddie Mac it’s now time for The Housing Authority of New Orleans. HANO defines itself as a “state created public agency dedicated to providing safe, sanitary and affordable housing for low-income residents.” The latest analysis by the Department of Housing [...]

Beware of Bank Regulations Curtailing Credit

As Diana Furchtgott-Roth of the Manhattan Institute points out, there is widespread hostility towards the financial sector even though: 140 banks failed in 2009 regulators and Congress encouraged banks to make high-risk loans many banks were required by Hank Paulson to take the TARP money in 2008 all but one large bank repaid TARP funds [...]

A Different View On National Curriculum Standards

One of the major goals of US education reform has been to establish higher academic standards. An improved K-12 curriculum and higher standards have been constant themes in recent years. But is imposing uniform standards across the states a productive and appropriate role for government? Many policymakers have argued that a common goal encourages coherence [...]