Stephen Hicks

Defending Shylock — Kindle version

My essay, Defending Shylock: Productive Work in Financial Markets, is now available in Kindle format. In this essay, I discuss the great value that financial markets add to an economy and the nature of the intellectual work that underlays them. In addition, I argue against the critics of financial markets who argue that those who […]

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Atlas Shrugged movie — first reaction

As someone who read and loved the book, this movie totally worked for me. Schilling’s Dagny is intelligent, emotionally expressive, and beautiful. Bowler’s Hank Rearden is equally intelligent and competent, with occasionally bemused, understated humor and equally occasionally understated anger. And the sexual chemistry between the two — yes, indeed. Wisocky is tone-perfect as that

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APEE update — Deirdre McCloskey

Why did the modern economic revolution in production and trade first happen in north-western Europe? At the APEE conference, Deirdre McCloskey delivered a plenary address based on her new book, Bourgeois Dignity: Why Economics Can’t Explain the Modern World. Her argument is that neither material resources nor technology nor capital accumulation nor geographical factors drove

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Atlas Shrugged is really a documentary, datum #217

In the Atlas Shrugged chapter entitled “Wyatt’s Torch” (1.10), Rand has the increasingly desperate central planners pass the “Public Stability Law,” one provision of which states that “All the manufacturing establishments of the country, of any size and nature, were forbidden to move from their present locations.” In the novel’s collapsing economy, many companies are

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