Economy News

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Established 1999

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Michael Makovi

Michael Makovi, Ph.D., is an Assistant Professor of Economics at Northwood University. He earned Ph.D. and Master of Science degrees from Texas Tech University in Lubbock, Texas, as well as a Bachelor of Arts degree from Loyola University in New Orleans, Louisiana. His specialties include Public Choice, Constitutional Political Economy, and Applied Econometrics.
  • Das Karl Marx Problem
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    Das Karl Marx Problem

    “How do we reconcile the decisive and early rejection of Marx’s economic theories after the Marginal Revolution with the high acclaim that those same theories enjoy among intellectuals today, albeit almost entirely outside of the economics profession?” ~ Phillip W. Magness & Michael Makovi

  • The Federal Government’s Debt Ceiling Needs More Teeth

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    The Federal Government’s Debt Ceiling Needs More Teeth

    “If Congress perceives the debt ceiling as a credibly binding constraint, then the ceiling must be set one level above Congress. The U.S. Constitution should be amended to restrict the ability of Congress to incur more debt.” ~ Michael Makovi

  • Das Karl Marx Problem
    ,

    •

    Das Karl Marx Problem

    “How do we reconcile the decisive and early rejection of Marx’s economic theories after the Marginal Revolution with the high acclaim that those same theories enjoy among intellectuals today, albeit almost entirely outside of the economics profession?” ~ Phillip W. Magness & Michael Makovi

  • The Federal Government’s Debt Ceiling Needs More Teeth

    •

    The Federal Government’s Debt Ceiling Needs More Teeth

    “If Congress perceives the debt ceiling as a credibly binding constraint, then the ceiling must be set one level above Congress. The U.S. Constitution should be amended to restrict the ability of Congress to incur more debt.” ~ Michael Makovi