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The North Wind

The North Wind

The North Wind

Short history of dismal science

Dr. Gary McDonnell April 18, 2013

Thomas Carlyle, a 19th century historian and essayist called economics the “dismal science.” Many people are familiar with this description. It is widely believed that Carlyle was referring to the...

Good intentions yield poor results

Dr. Gary McDonnell March 28, 2013

Good intentions are a driving force behind many government policies. The proposal to increase the minimum wage is one example. The “stimulus bill,” The American Recovery and Reinvestment Act of 2009,...

United States, Vietnam: all fair in love, war and economics

Dr. Gary McDonnell February 14, 2013

Recently, I was on my hands and knees at home putting together some chairs that my wife ordered through Each chair displayed a sticker that said, “Made in Vietnam.” How ironic, I thought:...

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