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George Selgin
George Selgin (; born 1957) is an American economist. He is Senior Fellow and Director Emeritus of the Cato Institute's Center for Monetary and Financial Alternatives, where he is editor-in-chief of the center's blog, ''Alt-M'', Professor Emeritus of economics at the Terry College of Business at the University of Georgia, and an associate editor of '' Econ Journal Watch''. Selgin formerly taught at George Mason University, the University of Hong Kong, and West Virginia University. Research Selgin's research covers a broad range of topics within the field of monetary economics, including monetary history, macroeconomic theory, and the history of monetary thought. He is one of the founders, along with Kevin Dowd and Lawrence H. White, of the Modern Free Banking School, which draws its inspiration from the writings of Friedrich Hayek on denationalization of money and choice in currency. A central claim of the Free Banking School is that the effects of government intervention ...
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David Beckworth
David (; , "beloved one") (traditional spelling), , ''Dāwūd''; grc-koi, Δαυΐδ, Dauíd; la, Davidus, David; gez , ዳዊት, ''Dawit''; xcl, Դաւիթ, ''Dawitʿ''; cu, Давíдъ, ''Davidŭ''; possibly meaning "beloved one". was, according to the Hebrew Bible, the third king of the United Kingdom of Israel. In the Books of Samuel, he is described as a young shepherd and harpist who gains fame by slaying Goliath, a champion of the Philistines, in southern Canaan. David becomes a favourite of Saul, the first king of Israel; he also forges a notably close friendship with Jonathan, a son of Saul. However, under the paranoia that David is seeking to usurp the throne, Saul attempts to kill David, forcing the latter to go into hiding and effectively operate as a fugitive for several years. After Saul and Jonathan are both killed in battle against the Philistines, a 30-year-old David is anointed king over all of Israel and Judah. Following his rise to power, David c ...
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Tariffs
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. ''Protective tariffs'' are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Taxing imports means people are less likely to buy them as they become more expensive. The intention is that they buy local products instead, boosting their country's economy. Tariffs therefore provide an incentive to develop production and replace imports with domestic products. Tariffs are meant to reduce pressure from foreign competition and reduce the ...
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Free Trade
Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. Free trade was best exemplified by the unilateral stance of Great Britain who reduced regulations and duties on imports and exports from the mid-nineteenth century to the 1920s. An alternative approach, of creating free trade areas between groups of countries by agreement, such as that of the European Economic Area and the Mercosur open markets, creates a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are inte ...
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Laissez-faire
''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. As a system of thought, ''laissez-faire'' rests on the following axioms: "the individual is the basic unit in society, i.e. the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." Another basic principle of ''laissez-faire'' holds that markets should naturally be competitive, a rule that the early advocates of ''laissez-faire'' always emphasized. With the aims of maximizing freedom by allowing markets to self-regulate, early advocates of ''laissez-faire'' proposed a ''impôt unique'', a tax on land rent (similar to Georgism) to replace all taxes that they saw as damaging welfare by penalizing production. Proponents of ''l ...
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Kevin Dowd
Kevin Dowd is a British economist, having research interests in private money and free banking, monetary systems and macroeconomics, financial risk measurement and management, risk disclosure, political economy and policy analysis, and pensions and mortality modelling. As of this date, he is a partner in Cobden Partners based in London, and Professor of Finance and Economics at Durham University Business School. Early life and education Dowd was born in Middlesbrough in 1958, attended St Mary's College, Middlesbrough and went to the University of Sheffield in 1977 to study economics. He holds a BA in economics from the University of Sheffield, an MA in economics from the University of Western Ontario, and a PhD in macroeconomics from the University of Sheffield. Career Dowd is affiliated with the Cato Institute; is a Senior Fellow at The Cobden Centre, an "independent educational charity founded… to undertake research into economic and political science"; is affiliated ...
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West Virginia University
West Virginia University (WVU) is a public land-grant research university with its main campus in Morgantown, West Virginia. Its other campuses are those of the West Virginia University Institute of Technology in Beckley, Potomac State College of West Virginia University in Keyser, and clinical campuses for the university's medical and school at Charleston Area Medical Center in Charleston and thEastern Divisionat the WVU Medicine Berkeley and Jefferson Medical Centers. WVU Extension Service provides outreach with offices in all 55 West Virginia counties. Enrollment for the Fall 2021 semester was 25,474 for the main campus, while enrollment across all three non-clinical campuses was 28,267. The Morgantown campus offers more than 350 bachelor's, master's, doctoral, and professional degree programs throughout 13 colleges and schools, including that states' only law andental schools The university has produced 25 Truman Scholars, 47 Goldwater Scholars, 88 Gilman Scholars, 70 Fu ...
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University Of Hong Kong
The University of Hong Kong (HKU) (Chinese: 香港大學) is a public research university in Hong Kong. Founded in 1887 as the Hong Kong College of Medicine for Chinese, it is the oldest tertiary institution in Hong Kong. HKU was also the first university established by the British in East Asia. As of December 2022, HKU ranks 21st internationally and third in Asia by '' QS'', and 31st internationally and fourth in Asia by ''Times Higher Education''. It has been ranked as the most international university in the world as well as one of the most prestigious universities in Asia. Today, HKU has ten academic faculties with English as the main language of instruction. The University of Hong Kong was also the first team in the world to successfully isolate the coronavirus SARS-CoV, the causative agent of SARS. History Founding The origins of The University of Hong Kong can be traced back to the Hong Kong College of Medicine for Chinese founded in 1887 by Ho Kai later known a ...
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George Mason University
George Mason University (George Mason, Mason, or GMU) is a public research university in Fairfax County, Virginia with an independent City of Fairfax, Virginia postal address in the Washington, D.C. Metropolitan Area. The university was originally founded in 1949 as a Northern Virginia regional branch of the University of Virginia. Named after Founding Father of the United States George Mason in 1959, it became an independent university in 1972. The school has since grown into the largest public university in the Commonwealth of Virginia. Mason operates four campuses in Virginia ( Fairfax, Arlington, Front Royal, and Prince William), as well as a campus in Incheon, South Korea. The flagship campus is in Fairfax. The university is classified among "R1: Doctoral Universities – Very high research activity". Two professors were awarded the Nobel Memorial Prize in Economics during their time at George Mason University: James M. Buchanan in 1986 and Vernon L. Smith in 2002. Ea ...
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Econ Journal Watch
''Econ Journal Watch'' is a semiannual Peer review, peer-reviewed electronic journal established in 2004. It is published by the Fraser Institute. According its website, the journal publishes comments on articles appearing in other economics journals, essays, reflections, investigations, and classic critiques. As of 2017, the ''Journal'' maintained a podcast, voiced by Lawrence H. White. As of 2011, the editor-in-chief was Daniel B. Klein; in 2018, the Managing editor was Jason Briggeman. As of 2022, the Fraser Institute claimed nine Nobel laureates had been on the ''Journal''s advisory council. Abstracting and indexing The journal is abstracted and indexed in the Social Sciences Citation Index, Current Contents/Social & Behavioral Sciences, EconLit, ''Journal of Economic Literature'', and Research Papers in Economics. According to the ''Journal Citation Reports'', the journal has a 2010 impact factor of 0.920. Reception Jonathan Chait, writing in ''The New Republic'', credi ...
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University Of Georgia
, mottoeng = "To teach, to serve, and to inquire into the nature of things.""To serve" was later added to the motto without changing the seal; the Latin motto directly translates as "To teach and to inquire into the nature of things." , established = , endowment = $1.8 billion (2021)As of June 30, 2021. , type = Public flagship land-grant research university , parent = University System of Georgia , accreditation = SACS , academic_affiliation = , president = Jere W. Morehead , provost = S. Jack Hu , city = Athens , state=Georgia , country = United States , coordinates = , faculty = 3,119 , students = 40,118 (fall 2021) , undergrad = 30,166 (fall 2021) , postgrad = 9,952 (fall 2021) , free_label2 = Newspaper , free2 = '' The Red & Black'' , campus = Midsize city / College town , campus_size = (main campus) (total) , colors = , sports_nickname = Bulldogs , sporting_affiliations = NCAA Division I FBS – SEC , mascot = Uga X (live English Bulldo ...
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