November 3, 1985
As a Roman Catholic and a student of economics, I am furious over the National Conference of Catholic Bishops' new pastoral letter on the U.S. economy. It is absolutely a piece of trash. Your editorial supporting their letter is of the same genre. The bishops see our current economic problem as caused by free enterprise capitalism, and they propose government intervention as the solution. I'm afraid they have it backwards. Our economy suffers because of government intervention, and the bishops are merely recommending more of the same.
CALIFORNIA | LOCAL
June 12, 2013 |
Robert Fogel, the University of Chicago economic historian awarded a Nobel Prize for his data-driven reconsiderations of how railways and slavery influenced U.S. economic history, has died. He was 86. Fogel died Tuesday at Manor Care Health Services in Oak Lawn, Ill., after a brief illness, according to the university's Booth School of Business. The Royal Swedish Academy of Sciences awarded Fogel and Douglass North of Washington University in St. Louis the 1993 Nobel Prize in economics "for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change.
CALIFORNIA | LOCAL
October 28, 1992
Question--If 20 of the 32 Nobel awards in economics went to economists from the U.S., how come we are in an economic gridlock? ALEX SHAMES Escondido
October 16, 2012 |
For years, transplant surgeons have struggled with a vexing problem: seriously ill patients desperate for new kidneys and healthy people who were willing to donate an organ but had the wrong tissue type. Somewhere in the country, they knew, the right combinations of donors and recipients existed, but matching them often proved impossible. With most other items, freely set prices enable markets to allocate goods efficiently. But in areas such as organ transplants, societies shun the idea of a cash transaction.
May 15, 1986
Walnut Valley Unified School District's 3,300 high school students will be required to take a five-unit course in economics beginning in the summer of 1987. The Board of Education is expected to give final approval in June to the new course, mandated by the Legislature. Jane Gawronski, assistant superintendent for educational services, said 30 classes in economics will be introduced and taught by district teachers who have backgrounds in economics.
November 19, 2005
Eric J. Weiner's commentary, "A legacy of deregulation" (Opinion, Nov. 14), lumps economics and finance as identical disciplines. Weiner sees Alan Greenspan as "the oracle of the nation's economy" and also as someone with a commitment to "reshape the financial community." As chairman of the Federal Reserve, Greenspan concentrated on the flow of money and credit, which represent wealth (although not with great accuracy). That's a financial task. He virtually ignored economics, which deals primarily with the extraction and use of the planet's resources -- the world's real wealth.
CALIFORNIA | LOCAL
November 11, 1986
Once again the fall fashions in emperor's clothes are exquisite: In 1985 the Nobel Prize in literature went to Claude Simon, a man whose writing is unencumbered by grammar or plot. Now the 1986 Nobel Prize in economics has been awarded to James Buchanan, a man who has mastered the seemingly unremarkable observation that politicians and bureaucrats act to serve their own self-interests rather than the broader public interests. I have determined to nominate myself for the 1987 Nobel Prize in medicine: I have observed and quantified the phenomenon that when I eat too much chocolate cake I get fat. DOUG LEVINSON Santa Monica
March 23, 2008
George W. Bush is in denial. ("Bush seeks to calm anxieties," March 15.) Like most Republicans since Reagan's presidency, he believes in supply-side economics -- that if the wealthy are getting wealthier, the economy is good; that if he keeps giving wealthy people and businesses big tax breaks, the budget will be balanced by 2012. This philosophy has left us with a $9-trillion national debt, a shaky financial structure and a sinking, stagflated economy. Randell Hill La Verne