http://www.DrWilliamLuckey.com/index.cfm Guidance on Economics, its importance for Catholics, its importance to civilizations, and what are its objective truths. It might sound boring...but boy, we are all effected by it. en-us Wed, 08 Sep 2010 12:27:43 -0700 Thu, 02 Sep 2010 08:52:00 -0700 BlogCFC http://blogs.law.harvard.edu/tech/rss wluckey@gmail.com wluckey@gmail.com http://www.DrWilliamLuckey.com/index.cfm/2010/9/2/Wheres-the-Recovery The other day, I was watching the news on television and the news anchor was interviewing an economist who was defending the government stimulus. The conversation was occasioned by the continued bad economic reports we have so learned to expect.... Economics Errors Current Events Thu, 02 Sep 2010 08:52:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2010/9/2/Wheres-the-Recovery http://www.DrWilliamLuckey.com/index.cfm/2009/12/7/One-Major-Source-of-Our-Problems An economist friend of mine, who is a Salesian Brother, recently gave a lecture at Oxford University reminding us of one major problem that is neglected by many economists and by papal writings on economic things. Yet this just might be the bigg... Economics Errors Mon, 07 Dec 2009 09:09:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/12/7/One-Major-Source-of-Our-Problems http://www.DrWilliamLuckey.com/index.cfm/2009/10/15/Some-Suggestions-for-an-Austrian-Theory-of-Organizational-Behavior Introduction   The purpose of this paper is to suggest ways in which the insights of the Austrian school of economics can be applied to the understanding of exactly how institutions behave. While this question has been probed som... Economics Errors Thu, 15 Oct 2009 21:46:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/10/15/Some-Suggestions-for-an-Austrian-Theory-of-Organizational-Behavior http://www.DrWilliamLuckey.com/index.cfm/2009/9/25/Back-to-Nature There are a number of Catholics, thankfully not too many, who believe that it would be more pleasing to God if we all gave up our highly technical lives, or money, vacations, etc., and lived on a subsistence level. These same folks are always ch... Economics Errors Fri, 25 Sep 2009 08:14:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/9/25/Back-to-Nature http://www.DrWilliamLuckey.com/index.cfm/2009/9/5/PopulationControl-Weirdos The population-control weirdos believe that people are a blight on the planet. (I am not being harsh calling them weirdos—wait until you see my argument). They think that all people do is use up resources, and eventually the planet wi... Economics Errors Current Events Sat, 05 Sep 2009 11:28:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/9/5/PopulationControl-Weirdos http://www.DrWilliamLuckey.com/index.cfm/2009/8/27/Theres-a-Bridge “Cash For Clunkers.” This, as everybody knows, was the administration’s plan to get environmentally unsound cars off the road. The idea was that if somebody had a car that had been around too long, the piston rings were pr... Economics Errors Current Events Thu, 27 Aug 2009 22:28:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/8/27/Theres-a-Bridge http://www.DrWilliamLuckey.com/index.cfm/2009/8/13/My-Money-Lies-over-the-Ocean In our last entry we discussed the necessity of savings for economic growth. It is savings which buys capital goods so that we can have consumer goods in the future. It was also pointed out that there needed to be enough savings to repair a... Economics Errors Thu, 13 Aug 2009 21:47:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/8/13/My-Money-Lies-over-the-Ocean http://www.DrWilliamLuckey.com/index.cfm/2009/7/24/Stimulate-This It is very seldom that economists have a laboratory in order to test theories. For an Austrian, this is not a problem because the axioms of economics are apodictic, meaning they are self-evident. But even so, to the average non-economist, s... Economics Errors Current Events Fri, 24 Jul 2009 17:49:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/7/24/Stimulate-This http://www.DrWilliamLuckey.com/index.cfm/2009/7/16/Size-Matters Yesterday I had a conversation with a gentleman who argued that large corporations and “Wall Street,” whatever he meant by that phrase, worked to the detriment of small business. He complained that large corporations and “Wall ... Economics Errors Thu, 16 Jul 2009 19:38:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/7/16/Size-Matters http://www.DrWilliamLuckey.com/index.cfm/2009/6/20/Government-Health-Care Almost all the talk in the news today is about health care reform in the United States. I think that we should examine the true status of this “health care” situation.   Firstly, the proper term for what is being discussed is ... Economics Errors Current Events Sat, 20 Jun 2009 21:09:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/6/20/Government-Health-Care http://www.DrWilliamLuckey.com/index.cfm/2009/5/15/Keynes-Alive-and-Well-in-Conservative-Circles I have never listened to the Glenn Beck radio show, but I have enjoyed watching his television show, first on CNN Headline News, and, more recently, on Fox News Channel. I also agree with almost everything he says on that show, and I am impresse... Economics Errors Current Events Fri, 15 May 2009 08:58:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/5/15/Keynes-Alive-and-Well-in-Conservative-Circles http://www.DrWilliamLuckey.com/index.cfm/2009/4/6/Its-Beyond-Economics-Now This past week, President Obama forced the CEO of General Motors to resign. The real significance of this may be lost on most people. Some might say, “Well, if General Motors is not doing well, the CEO should be replaced.” The major diffi... Economics Errors Current Events Mon, 06 Apr 2009 07:22:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/4/6/Its-Beyond-Economics-Now http://www.DrWilliamLuckey.com/index.cfm/2009/2/6/Another-Way-to-Kill-Business-Taxes There are so many people out there who think that businesses are just rich, evil institutions. They do not reflect that it is business that gives us all the wonderful things we have today, many of which did not even exist in my childhood, and also em... Economics Errors Fri, 06 Feb 2009 07:59:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/2/6/Another-Way-to-Kill-Business-Taxes http://www.DrWilliamLuckey.com/index.cfm/2009/1/29/One-Way-to-Kill-Business-Crowding-Out What happens when government does not take in enough money in taxes as it spends? It borrows. How does it do that? It issues bonds. A bond is a certificate for a loan. If you buy a government bond, or any kind of bond, for that matter, you are loanin... Economics Errors Thu, 29 Jan 2009 22:10:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/1/29/One-Way-to-Kill-Business-Crowding-Out http://www.DrWilliamLuckey.com/index.cfm/2009/1/16/Professor-Kmiec-Round-Two As many readers have no doubt read, law professor Douglas Kmiec, who is Catholic and has pro-life credentials, has taken offense at some criticisms leveled at his pro-Obama stance. If you read his comments, he makes it appear that he has been attacke... Economics Errors Current Events Fri, 16 Jan 2009 08:31:00 -0700 http://www.DrWilliamLuckey.com/index.cfm/2009/1/16/Professor-Kmiec-Round-Two