Independent Review articles from September 2008

Independent Review archives from September 2008

Was Keynes a liberal?(John Maynard Keynes)(Essay)
September 22, 2008... Keynes and Neomercantilism It is now common practice to rank John Maynard Keynes as one of modern history's outstanding liberals, perhaps the most recent "great" in the tradition of John Locke, Adam Smith, and Thomas Jefferson. (1) Like...

Property insurance for coastal residents: governments" "ill wind".(Essay)
September 22, 2008... It's an ill wind that blows nobody any good. --Proverb Living in coastal areas entails the risk of property damage from catastrophic storms, such as hurricanes and northeasters. (1) In recent years, costs associated with such storm...

"It is by unrule that Poland stands": institutions and political thought in the Polish-Lithuanian Republic.(Essay)
September 22, 2008... Premodern Poland does not often spring to mind when people think about the history of liberty and limited constitutional government. Although Poland is now a member of the European Union and a relatively wealthy country by world standards, it...

Coordination economics, poverty traps, and the market process: a new case for industrial policy?(Essay)
September 22, 2008... Market failure is the strongest reason for defending an active role for the state in the economy. Among other market-imperfection-based arguments, development economists widely use the theory of coordination failure to define a new case for...

Private equity: capitalism's misunderstood entrepreneurs and catalysts for value creation.(Essay)
September 22, 2008... [T]he problem that is usually being visualized is how capitalism administers existing structures, whereas the relevant problem is how it creates and destroys them. --Joseph Schumpeter, Capitalism, Socialism, and Democracy ...

Colonialism or something else? A comment on Rafael Reuveny's analysis.(CONTROVERSY)(Critical essay)
September 22, 2008... The conflict between Palestine and Israel has been long and frustrating, with no end in sight. Rafael Reuveny (2008) has employed the model of colonialism to describe its history and predict its end. His article is rich and occasionally...

Colonialism or something else? A reply to Ira Sharkansky's comment.(CONTROVERSY)(Critical essay)
September 22, 2008... Ira Sharkansky's criticism of my article is emotional and sometimes inflammatory, but it is also unconvincing. Colonialism, he writes, "is one of the ugliest words available to judge a country's history, and therefore it tilts the analysis...

Caging the dogs of war: how major U.S. neoimperialist wars end.(Etceteras ...)(Essay)
September 22, 2008... Power concedes nothing without a demand. It never did and it never will. Find out just what any people will quietly submit to and you have found out the exact measure of injustice and wrong which will be imposed upon them, and these will...