Tag Archives: Socialism

On this holiday weekend known here in the U.S. as Memorial Day, I would like to make a slight turn in the narrative that many give little to no attention too, yet, is one of the most important underlying principles or fundamentals which helped shape, lift, mold, sustain, and create one of the world’s greatest economic powerhouses bar none. That “turn” is in remembering: The liberty to create, and own, one’s own...

In recent months, Ray Dalio seems to be undergoing a deep midlife and identity crisis, which has not only led to dramatic recent management changes at the world’s largest hedge fund, Bridgewater, but also resulted in some fairly spectacular cognitive dissonance, as Dalio first praised, then slammed, president Trump. Yesterday. in the latest expression of his building anti-Trumpian sentiment, Bridgewater released a...

On Marginal Revolution, Alex Tabarrok discusses the radicalism of the early American Economic Association (founded 1885) and its co-founder, Richard T. Ely. Prominent economists at the time rejected the marginalist principle, held socialist and racist views and supported eugenics.