Stephen Yearwood

Author of DEMOCRATIC CAPITALISM: The Demand Economy (2004). Holds a B.A. in political science and an M.A. in economics from Atlanta University (1988). Focused on economic problem-solving.

Equating Liberty with Justice: John Locke's Enduring Mistake

John Locke’s account of justice, featuring equality and liberty, is surely the philosophical work with the greatest influence on Modern culture. The triumph of parliamentarianism in England, the “truths”

By Stephen Yearwood

/ January 15, 2015

Equating Liberty with Justice: John Locke's Enduring Mistake

Could the Economy Be Next in the Development of the Democratic Ideal?

These days, in ‘the West,’ we don’t give the existence of political democracy a second thought. It seems perfectly natural. When the modern idea of democracy was being debated

By Stephen Yearwood

/ January 14, 2015

Could the Economy Be Next in the Development of the Democratic Ideal?

Everything You Need to Know About The Good and the Bad of Quantitative Easing

For the U.S., ‘quantitative easing’ (QE) is over—for now, anyway. While the costs and benefits will take time to reveal themselves completely, we can assess what we know

By Stephen Yearwood

/ January 2, 2015

Everything You Need to Know About The Good and the Bad of Quantitative Easing

The Biggest Lesson Everyone Should Learn from the Economy

Given the track record of economists, the wonder is that anyone pays any attention to them anymore. Their predictions are usually stated as loosely as possible, and even then they

By Stephen Yearwood

/ December 29, 2014

The Biggest Lesson Everyone Should Learn from the Economy

How To Implement Mutual Respect as the Ethic of Justice

Liberty and equality, echoing around the world from the Declaration of Independence of what would become the U.S., became the basis of a social architecture that has included personal

By Stephen Yearwood

/ December 19, 2014

How To Implement Mutual Respect as the Ethic of Justice

Maintaining The Circulation of Money: Government is a Pump, Not a Sponge

Ideology is a scourge on humanity. Among its many ills, one of the less dramatic but most damaging is its influence on people’s thinking about the economy. Most of

By Stephen Yearwood

/ December 11, 2014

Maintaining The Circulation of Money: Government is a Pump, Not a Sponge

A New and Different Monetary System for a Better Economy

Heretofore, every monetary system that has ever existed has been problematic. For starters, money in all its forms has been subject to manipulation. Metallic specie made with precious metals can

By Stephen Yearwood

/ November 25, 2014

A New and Different Monetary System for a Better Economy