The trip to Hawaii I wrote about in my previous post yielded some interesting Ricardian, Schumpeterian, and Hayekian lessons, as I noted. It was also enlightening in terms of how prevailing conceptions of our 50th state compare to its actual history. The reader of James L. Haley’s excellent 20…
Month: March 2016
Symphony of Creative Destruction
You wouldn’t think a Hawaiian vacation would offer a Texan lessons about economic change, comparative advantage, and creative destruction—but my trip to Maui did. Of course, my wife and I may have been in relaxation mode, but we still tuned in to the Republican primary debates. (We both take …