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In their 1990 paper, “A Model of Growth Through Creative Destruction,” 2025 Nobel winners Philippe Aghion and Peter Howitt attempt to formalize Joseph Schumpeter’s theory of “Creative Destruction.” Their mathematical model is not creative, but it is destructive of the theory itself.
Trump’s latest Hollywood “hit” isn’t the kind you stream. Threatening to slap a 100% tariff on films produced in foreign countries, the president’s announcement...
We’ve been cautious about the uptrend phase off the April low for a number of reasons, including the lack of breadth support. While short-term...
David J. Bier Critics of the H‑1B visa for skilled foreign workers often claim that the status amounts to “indentured” servitude. Indentured servitude is a contract to...
In this week’s Friday Philosophy, Dr. David Gordon reviews The Woke Revolution: Up From Slavery and Back Again by H.V. Traywick, Jr., and finds...
