EconAir

FIND POSTS BY CATEGORY CATEGORIES The theme of this blog is that innovation, not price competition, is the basis for understanding economic growth, competition, and analysis. And, like many other former college professors, I also digress. I Heard the News Today The Beginning of the Industrial Revolution Basic Concepts and Theory Market Behavior and Structure Market Dynamics and Information:  How Markets Work Economic Theory and Markets Demographics and Economics American Economic History American History Management World War I:  The Beginning of the 20th Century The Roman Republic and America - Differences and Some Possible Parallels Economic and Fiscal Policy Financial Markets and Investment Strategies Foreign Exchange Markets The United States American Foreign Policy and International  Relations Geopolitics and the Global Economy Geopolitics of Oil and Natural Gas Visionaries Humor, Satire, Whimsy I HEARD THE NEWS TODAY Tariffs and America's Economic War wi...

  The Pantheon   Remember, Roman, that it is yours to lead other people. It is your special gift.      Virgil,  The Aeneid   We are the indispensable nation.  We stand tall.  We see further into the future.      Former Secretary of State Madeleine Albright                  Imagine an educated Roman office from around 20 BC. He had spent most of his military career in the last decades of the Roman Republic and now is a legion commander in the first years of the Roman Empire of Caesar Augustus. Rome is at the height of its power and influence, acquired through conquest during the Roman Republic. Now image he was transported through time to today’s Washington. After marveling at the new technology (horseless chariots?), like any curious tourist he would start to look for similarities to his hometown, imperial Rome.   The similarities would not be hard to find.  ...

Roman Legion Why Study Rome? Americans have focused on comparisons between Rome and America twice in American history.  The first time was during the period from before the Revolution to after the ratification of the Constitution and Bill of Rights, when the founding fathers and others looked to the Roman Republic for ideas and inspiration on how to structure the new government. After the American Revolution, the founding fathers, having read the Roman authors detailing the collapse of the Roman republic, worried about internal threats to the survival of their new republic.   The second time was when the United States became a superpower, especially after WWII, and then again after the collapse of the Soviet Union in 1991. Commentators compared America to the Roman Empire at the height of its power. There was some discussion about how America became a permanent warfare state and how it affected domestic democracy and civil society. ...