Economics

The Common Estimation of the Market: Domingo Bañez on the Just Price

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Since the University of Chicago removed courses in the history of economic thought from the list of courses required for their doctoral program in economics, the study has fallen into the shadows. Graduate and undergraduate students alike learn the standard textbook theories with no more of the historical background than what is provided by pop-out boxes in [...]

Dodd-Frank: Repercussions on Community Banks and Local Lending

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The circulation of liquidity in an efficient financial system is undoubtedly one of the primary pillars of economic progress. For the ever-changing dynamic of the current United States economy, a well-functioning financial system is fundamentally required for growth. However, the influence of the financial system is double-edged, and the recent financial cri[...]

Business as Usual: Challenges to Entrepreneurship in Mexico

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In 2011, Mexico ranked as the hardest working industrialized country in the world; its workers averaged 45 hours per week, an additional 519 hours annually more than the typical American worker. According to the Global Entrepreneurship Monitor (GEM) conducted in 2014, 19 percent of the Mexican population is actively involved in entrepreneurial endeavors, pla[...]

"The Big Short": Funny, But Misleading

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Big government encouraged the bad practices behind the financial crisis, it turned the crisis into a long-term economic disaster, and it etched the same bad policies in the stone of regulation. While “The Big Short” is a fun movie, its minimizing of government’s role in the financial crisis isn’t just laughable—it’s egregious.

Regulation Not the Answer for the Unbanked

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Tools like prepaid debit cards present one of the best options for bridging the gap between financial exclusion and full participation in our 21st century economy. These tools—and all the innovations which have the potential to make them even better—should be fostered through entrepreneurship, thoughtful policy, and education for those caught in a deep cycle[...]