History

This research project demonstrates the ways in which fact and value are entangled in economic concepts and the implications of this entanglement for the ways in which various economic problems are approached.

Pari passu clauses were deliberately crafted to gain an upper hand in sovereign bankruptcy disputes brought to the London stock exchange’s jurisdiction

Pari passu clauses were deliberately crafted to gain an upper hand in sovereign bankruptcy disputes brought to the London stock exchange’s jurisdiction

James M. Buchanan’s defenders argue he was not racist because of his ties with the anti-apartheid economist W.H. Hutt, but this defense fails miserably

Despite his opposition to South Africa’s apartheid, Hutt embraced notions of black inferiority

A new global economic system has to be based on a key principle of Bretton Woods: multilateralism

Evidence reveals our remote ancestors were neither brutes nor innocents, but complex beings whose experiments in living have much to teach us. Welcome news as disaster looms in every direction.

A response to Phillip Magness in The Wall Street Journal

The curious case of the Wall Street Journal article on Virginia and school vouchers

In the 19th Century, “hypothecations” provided investors with valuable information on sovereign fiscal resources

In the 19th Century, “hypothecations” provided investors with valuable information on sovereign fiscal resources

An excerpt from the just released book, The Outlier, by Kai Bird

The plight of white blue-collar workers is well-known, but Blacks in that category were feeling the squeeze long before their white counterparts.

How once-promising Black upward mobility reversed course, and what can be done about it

In 1898, upwardly mobile Blacks in Wilmington, NC were terrorized and slaughtered in a violent insurrection that set the stage for Jim Crow – and the next 123 years. Hardly anyone really knows about it.