Stephen Hicks

Immigrant culture, race, and education

More data showing that culture, not race, is crucial to educational performance: “Africans outperform African-Americans in Seattle schools: Even the children of destitute Somali refugees do better.” From the Seattle Times report: “African-American students whose primary language is English perform significantly worse in math and reading than black students who speak another language at home […]

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PIGS, Catholicism, and Protestantism

I am neither Catholic nor Protestant, so I do not have a dog in that fight but rather a cultural history question about the financially bankrupt PIGS or PIIGS countries in Europe. With the exception of Ireland, all are in southern Europe. Including Ireland, all of them are traditionally Catholic [except Greece, which is mostly

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Subprime mortgage crisis — history flowchart

Here is a simplified flowchart, developed for my business ethics courses, reflecting my understanding of subprime mortgages’ contribution to the crisis. Let me emphasize that this is only about the subprime contribution of the overall crisis. Fannie Mae and Freddie Mac enabled much spillover into non-subprime mortgage sectors, government-set capital requirements and other regulations enabled

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Seminar: Philosophy and the Evolution of the Mixed Economy

One of my talks at Francisco Marroquín University was on making sense of our mixed economy–an unwieldy combination of market and socialist elements. The 28-minute talk integrates themes from my intellectual heroes–Smith, Mill, Mises, Hayek, Rand, Popper, Friedman, Buchanan, and Tullock–and connects market economics, politics, ethics, history, and public choice to explaining our semi-coherent mixed

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