Philip Murray

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Book Review

That's Not What We Meant to Do: Reform and Its Unintended Consequences in Twentieth-Century America by Steven M. Gillon

Gillon Should Learn Some Economics

JULY 01, 2001 by PHILIP MURRAY

The art of economics, as Henry Hazlitt might put it, is to uncover the unanticipated effects of an act. In "That's Not What We Meant to Do," historian Steven M. Gillon details the history of five federal acts. He states, "My goal is fairly modest: to tell a few stories of how unintended consequences occur, to speculate about their significance, and to inspire more research and discussion about this often mentioned but infrequently explored theme."

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November 2014

It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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