WEALTH CREATION

    I have written a new book, "Wealth Creation: A Systems Mindset for Building and Investing in Businesses for the Long Term" in which I suggest how to view the complex dynamics of generating wealth and the practical benefits to be gained from upgrading one's wealth creation framework. The book can be pre-ordered here. For a look at the back cover endorsements, please click here.






DUAL TRACKING

A proposal to allow patients/doctors to make informed decisions on the use of not-yet-government-approved therapeutic drugs.

Working paper, "Applying a Systems Mindset to FDA," is forthcoming in Medical Hypotheses 72 (2009) 116-120. New title: "A Dual Track System to Give More-Rapid Access to New Drugs: Applying a Systems Mindset to the US Food and Drug Administration (FDA)." This article provides a comprehensive argument for the introduction of consumer choice and competition and pinpoints the weakness in the status quo position.

Interview with Vernon Smith

The following language versions of the Heartland Institute booklet More Choices, Better Health — Free to Choose Experimental Drugs are being used by free-market think tanks to promote the Dual Tracking proposal:

French, Swedish, Japanese, Chinese, Lithuanian

As part of their annual Liberty Forum in Los Angeles, April 24-26, 2009, the Atlas Economic Research Foundation held a session on Dual Tracking. Click here for a summary.

For a video of my talk, please click here. Note that my presentation starts at the 12:30 mark and lasts for 11 minutes. Q&A starts at the 56:00 mark.



 
September 2008 “Shareholder Value Reviews,” published in Strategic Finance, 2008 . It provides a short and useful overview of the SVR concept.... Read more
July 2008 “Applying a Systems Mindset to Stock Valuation,” was the number one ranked download paper in SSRN’s Research Methods & Methodology in Accounting for July.... Read more
June 2008 “Applying a Systems Mindset to FDA,” contains the most comprehensive analysis of the benefits of the Dual Tracking proposal to reform the FDA... Read more
November 2007 What exactly are the wealth creation principles believed by Clinton, Obama and Edwards? ...Read more
June 2007 Recent experience shows the importance of first making an emotional connection with people before promoting the logic of economic ideas. In this case, freedom to make an informed choice on the use of late-stage experimental drugs ... Read more
May 2007 A Spotlight on Atlas Friend and Supporter, Bart Madden
March 2007.The Heartland Institute plans a major campaign to promote the ideas described in my booklet "More Choices, Better Health - Free to Choose Experimental Drugs." The first steps will include:
  • 24,000 booklets to be mailed in the U.S., including all elected state and federal officials and those in the news media who focus on health care

  • 10,000 booklets to be mailed to influential leaders worldwide

  • electronic files of translations (Spanish, Swedish, Chinese, German, Italian and Japanese) of the booklet will be posted at www.heartland.org. In addition, print copies of translated booklets will be distributed in selected foreign countries
December 2006. Newspaper article was published that described the historical significance of our 1885 Victorian house.
November 2006. Highlights of personal correspondence with Milton Friedman that provide insights into his methodology of positive economics.

November 2006. My paper, For Better Corporate Governance, The Shareholder Value Review has been accepted for publication in the Winter 2007 issue of the Journal of Applied Corporate Finance.

September 2005. Published a monograph, Maximizing Shareholder Value And The Greater Good. See Papers for information on purchasing a hard copy or downloading a free PDF file.

I hope that the free transmittal of the monograph over the Internet will have an impact on economics/finance students and others who have an intellectual curiosity about the connections among stock prices, firms' economic performance, and economic progress. This audience should appreciate the monograph's unique busines-firm-oriented microeconomics approach to better understand how the world works and the benefits of free-market capitalism.
September 2004. A short article, "Putting Drugs on a Faster Track," was published in the September 2, 2004 Chicago Tribune.
June 2004. "Breaking the FDA Monopoly," appeared in the Summer 2004 issue of Regulation, see www.cato.org.