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AIER founder Col. E.C. Harwood encouraged the institute to apply John Dewey’s ideas on the education of young minds. In his book “How We Think” (1933), Dewey postulates that experience “is not a rigid and closed thing; it is vital and hence growing. … …
READ MOREFive months after India’s demonetization of 500- and 1,000-rupee bills, there is still wide disagreement about the effect of the decision. I wrote critically about this policy in an AIER article last month, but the fallout continues. At present, both s …
READ MOREPeople often assume that without top-down control, social processes will descend into chaos. But let a group of people respond to their own individual incentives and information, while enforcing some basic rules, and just the opposite is often true. Wi …
READ MOREThe Ludwig von Mises Institute hosted its annual Austrian Economics Research Conference earlier this month. The conference brings scholars together to discuss important issues facing the U.S. and global economies. Topics ranged from history to philosop …
READ MOREOn Friday, Treasury Secretary Steven Mnuchin made headlines by saying that the displacement of jobs by artificial intelligence was “not even on our radar screen … 50-100 more years” away. This drew a host of shocked responses from those who point out t …
READ MORESpeaker Ryan pulled the American Health Care Act after failing to rally enough support from the House Freedom Caucus. The House Freedom Caucus consists of thirty fiscally conservative Republicans. The American Health Care Act would have rolled back muc …
READ MOREFinally we have arrived at the last, or sixth, criterion for exemplary professional development workshops for teachers, which is “classroom focused.” Check my previous blogs that analyze how AIER’s Teach-the-Teachers Initiative workshops satisfy other …
READ MOREPresident Trump demanded that the House vote on the American Health Care Act today. It is not certain if the American Health Care Act will pass. The House Freedom Caucus, an important conservative voting bloc, is not on board. If the American Health Ca …
READ MOREOne big concern with U.S. higher education is low graduation rates. Barely half of enrollees at four-year institutions graduate within six years. Dropping out of college is a double blow to many students: they pay the direct costs of college for t …
READ MOREOne mistake made frequently by economists is to focus on the destination rather than the journey. We like setting two sides of an equation equal, solving for a variable and focusing on that neat and tidy result. But a little common sense shows that eve …
READ MOREIn 1917 a debt limit was established for WWI Liberty Bonds. The Treasury was allowed to issue Liberty Bonds up to a limit without asking for Congressional approval. This streamlined wartime financing. In 1939, an overall debt limit was established. Acc …
READ MOREToday I am focusing on the fifth criterion for exemplary professional development workshops for teachers that is outlined in the Every Student Succeeds Act, or ESSA, and clearly defined in the recent report, “Bridging the Gap: Paving the Pathway from C …
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