James C. W. Ahiakpor


Related Freeman Articles

Anything Peaceful

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 First is the notion that savings are not spent but rather are withdrawn from the expenditure stream.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.

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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

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Some International Neglect Would Be Good for Africa

Foreign Aid Has Unintended Consequences

AUGUST 01, 1994 by JAMES C. W. AHIAKPOR

CURRENT ISSUE

September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited out social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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