Archive for September 5th, 2010

Can Capitalism Be Restored?


Sunday September 5th, 2010   •   Posted by Robert Higgs at 11:38pm PST   •   0 Comments

I pose this question seriously, not as a physiologist, but as an economic historian. I am provoked to raise the question by an advertisement that Amazon sent me recently, calling my attention a book titled Can Capitalism Survive? Creative Destruction and the Future of the Global Economy. Seeing this sales pitch, my immediate reaction...
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The Recession and “Regime Uncertainty”


Sunday September 5th, 2010   •   Posted by Robert Higgs at 11:23pm PST   •   0 Comments

Regime uncertainty has gained increasing recognition as the current economic troubles have persisted with little or no improvement since the economy reached a cyclical trough early in 2009. As described in my 1997 paper, regime uncertainty pertains to “the likelihood that investors’ private property rights in their capital and the income it yields will...
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