Tag: Bastiat

The Broken Windows of Harvey and Irma


Every time a big natural disaster strikes, progressive economists predict an economic boom. Between Harvey and Irma, the LA Times, CNBC, and Goldman Sachs expected a bump in the GDP once the recovery efforts got rolling.

Perhaps the best known fan of mass destruction is NY Times columnist Paul Krugman. While he has yet to weigh in on the storms of the past few weeks, I’m sure it’s coming. After all, he found economic growth in Fukushima…


Which Economists Should I Teach In My Philosophy Class?

On the left: Marx

I teach the Modern to Contemporary Philosophy class at my university. I have decided to add a new lesson next time: After we cover Marx, we’re going to survey some other economist-philosophers from Marx’ time and afterwards.

On the right: Smith

Which economists should I cover? At present, my plan for this lesson covers Bastiat, Von Mises, Keynes, Hayek, and Friedman. If you’re going to cover, say, six to eight economists of the 1800s and 1900s in a philosophy class, does the best list consist of these guys + Marx?