The Novelty of the Coronavirus: What it Means for Markets

Laurence Articles

Does market history offer any parallels to today’s novel coronavirus crisis? Market action in recent weeks has been reminiscent of the global financial crisis (GFC) of 2007–2009, the crash of 1987, and, for those with a long memory, the crash of 1929, which wouldn’t have been so disastrous if it had not been followed by the crashes of 1930, 1931, …

What is Good Government, and Why Is It So Rare and Precious?

Laurence Articles

The letter Ethan Brodie of AJO sent to introduce my article: This is heavy stuff.   Larry Siegel reviews The Narrow Corridor: States, Societies, and the Fate of Liberty by Daron Acemoglu and James Robinson. Larry warns at the start that the density of the book makes it “maddening.” Larry also notes that the book “provides an effective counterpoint to …

Save the Children (from Apocalyptic Thinking)

Laurence Articles

Please note: This is copyrighted material excerpted from my book Fewer, Richer, Greener, published by John Wiley & Sons. For your personal use only. Please do not rehost this PDF or distribute printed copies. You may forward the link to this page or to the book (and please do!), and you may quote passages with full attribution. Thanks, Larry The …

Debunking Nine and a Half Myths of Investing

Laurence Articles

A reader asked if I had updated my Debunking Nine Myths of Investing, which I wrote up in 2011 and 2016, for this strange new decade. (It’s a sobering thought that the long-awaited 21st century is one-fifth over.) I had not, so I’m doing so now, in the light of the profound changes that have taken place since 2016 when …

What is Good Government, and Why Is It So Rare and Precious?

Laurence Articles

Navigating between the despotic extreme of authoritarianism and the unbridled liberty of anarchism is the challenge of society in its quest for good government. A new book looks at the choices facing policymakers to achieve the proper balance and to improve the prospects of those countries outside the “narrow corridor” of effective governance that lies between those extremes. Before economists …