Lecture presented by Robert Higgs at the Ludwig von Mises Institute's 25th Anniversary Celebration in New York City; 12-13 October 2007. This celebratory event discusses the legacy of Ludwig von Mises, his students such as Murray Rothbard, and the movement Mises inspired. http://mises.org
Richard K. Vedder and Ken Jacobs debate whether the rise of Walmart and similar big box retailers have been beneficial or harmful to the US economy.
Richard K. Vedder is Senior Fellow at The Independent Institute and Edwin and Ruth Kennedy Distinguished Professor of Economics and Faculty Associate, Contemporary History Institute, Ohio University. Professor Vedder is co-author (with Lowell Gallaway) of The Independent Institute book, "Out of Work," the recipient of both the Sir Antony Fisher International Memorial Award and Mencken Award Finalist for Best Book, and the Institute monograph, Can Teachers Own Their Own Schools?
Ken Jacobs is Chair of the U.C. Berkeley Labor Center, and a former member of the Mayors Universal Health Care Council in San Francisco. He is the Co-author od Declining Job-Based Health Coverage for Working Families in California and the United States, and Hidden Costs of Wal-Mart Jobs.
David J. Theroux is Founder, President and Chief Executive Officer of The Independent Institute and Publisher of The Independent Review.
With his numerous books, articles and essays about politics, war and social disorder under his belt, it was only a matter of time until P.J. O'Rourke found his way to the subject of his new book, "Eat the Rich." In "Parliament of Whores," he lampooned the entire U.S. government. "All the Troubles in the World" attacked the pandemic worries of the politically correct; and this time it's the economy, stupid! What is wealth and how do we get it? Or as he asks, "Why do some places prosper and thrive while others just stink?"
As most people (along with many "experts") try to fathom the volatility of financial markets and the complexities of global economies, the man who Time magazine has called "one of America's most hilarious and provocative writers" brings it all into perspective. Who else but P.J. could provide this primer on Wall Street: "In order to understand the stock market we have to realize that, like anything enormous and inert, it's fundamentally stable, and like anything emotion-driven, it's volatile as hell."
But he doesn't stop there. Embarking from Wall Street, P.J. takes us on a hilarious and enlightening worldwide tour of the foibles of governments from Russia to Tanzania, from Albania to Shanghai, and from Hong Kong to Havana, and revisits college economics courses, counteracting them with his own version of Econ 101.
The result is the world's only astute, comprehensive and comic presentation of the basic principles of economics that will truly make you laugh on purpose.
P. J. ORourke
Bestselling Author, Humorist and Political Satirist