Economics

Our institutions created centibillionaires and are now trying to contain them.

In Ayn Rand’s novel Atlas Shrugged, a group of high-achieving industrialists have had enough with being exploited (in their view) by “parasitic” collectivists and “second-handers”. They withdraw to a perfect community Galt’s Gulch aka Atlantis where they can live in peace and prosperity with each other, far away from the do-nothing (in their view) populace and according to their own laws and beliefs.  read more »

From the ancient world to modern times, the class of small property owners have constituted the sine qua non of democratic self-government. But today this class is under attack by what Aristotle described as an oligarchia, an unelected power elite that controls the political economy for its own purposes.  read more »

My latest column is now online at Governing. It is a recapitulation of my analysis in my American Affairs piece on Indiana  read more »

As long as we promote and encourage the growth of companies that get their start in Flyover Country the economic gains for our region will keep on coming. Often the benefits will be offset by the involvement of coastal startup or exit capital, because we're a long way from being able to completely bootstrap our own continued rise. But there are great benefits, nonetheless.  read more »

Two of the fossil fuels, coal, and natural gas, are used to generate continuous uninterruptible electricity, but crude oil, the third fossil fuel, is seldom ever used for electricity, but primarily used to manufacture oil derivatives that thousands of products are based upon, and the fuels for the various transportation infrastructures.  read more »

Clobbered from all sides by the pandemic, climate change and disruptions in virtually every industry by the rise of artificial intelligence, the capitalist dream is dying — and a new, mutant form of socialism is growing in its place.  read more »

Four years ago, Zipcar co-founder Robin Chase wrote, or led the effort to write, ten principles of shared mobility for livable cities.  read more »

The Covid-19 pandemic brought tragedy and disruption to America. But it has also provided another stark warning concern­ing the country’s disastrous overreliance on overseas production. It has demon­strated that without a strong, self-reliant industrial base, this country’s ability to forge a healthy, prosperous future—and even its ability to defend itself against foreign enemies—will be severely compromised.  read more »

Advances in information technology have made it possible to provide estimates of job access by transportation mode in metropolitan areas. The University of Minnesota’s Accessibility Observatory has positioned itself as the leader in this field.  read more »

Families, and the lack of them, are emerging as one of the great political dividing lines in America, and much of the high-income world. The familial ideal was once embraced by all political factions, except on the extremes, but that is no longer the case.  read more »