James C. W. Ahiakpor


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The Economics of the Corn Dog: Correcting a Misattribution to Adam Smith

MARCH 26, 2014 by JAMES C. W. AHIAKPOR

Adam Smith used labor as a measure of value rather than value's determinant. Karl Marx also did not use the quantity of labor employed in production as the determinant of market prices.

Article

Keynes's Ghost

JUNE 09, 2009 by JAMES C. W. AHIAKPOR

The multiplier argument is founded on two key assumptions that turn out to be false. First is the notion that savings are not spent but rather are withdrawn from the expenditure stream. The multiplier's second incorrect premise is that government expenditures are "autonomous"; that is, government spending does not depend on current income.

Article

Israel Kirzner on Supply and Demand

Must We Assume Perfect Competition and Perfect Knowledge?

JULY 01, 2000 by JAMES C. W. AHIAKPOR

Article

Why Economists Need to Speak the Language of the Marketplace

Keynes' Modern-Day Followers Continue with His Distortions of Language

DECEMBER 01, 1995 by JAMES C. W. AHIAKPOR

Article

Some International Neglect Would Be Good for Africa

Foreign Aid Has Unintended Consequences

AUGUST 01, 1994 by JAMES C. W. AHIAKPOR

CURRENT ISSUE

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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