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"How to Cure Cancer: Unbinding Entrepreneurs in Medicine."  Journal of Entrepreneurship and Public Policy 7, no. 1 (forthcoming 2018).

"Keeping Our Cool:  In Defense of Air Conditioning."   Economics & Business Journal: Inquiries & Perspectives 8, no. 1 (Oct. 2017): 1-36.

“Review of Cord and Hammond, eds. Milton Friedman:  Contributions to Economics and Policy.”  Journal of Economic Literture  55, no 2  (June 2017):  649-651.

"Seeking the Patent Truth: Patents Can Provide Justice and Funding for Inventors."  The Independent Review 19, no. 3 (Winter 2015): 325-355.

"The Creative Destruction of Labor Policy."  Libertarian Papers: A Journal of Libertarian Scholarship  6 (2014):  107-134.

"The Effects of Spanish-Language Background on Completed Schooling and Aptitude Test Scores." Economic Inquiry  51, no. 1 (Jan. 2013):  527-562.   (with Luis Locay and Tracy L. Regan).  

"The Epistemology of Entrepreneurship."   Advances in Austrian Economics 17 (2012):   111-142. 

“McCloskey's Great Fact;  A Review of:  McCloskey, Deirdre.  Bourgeois Dignity:  Why Economics Can't Explain the Modern World.”   Journal of Entrepreneurship and Public Policy  1, no. 2 (2012):  200-205.

"Review of Andersen, Esben Sloth.  Joseph A. Schumpeter:  A Theory of Social and Economic Evolution." EH.Net Economic History Services, August 20, 2012.  URL:

"Review of Hébert, Robert F. and Albert N. Link.  A History of Entrepreneurship." EH.Net Economic History Services, April 19, 2012.  URL:

"The Creative Destruction of Antitrust."  Presented at the Association of Private Enterprise Education (APEE) annual meetings in Las Vegas, NV in April 2012.

“Review of  Ebenstein, Lanny.  Milton Friedman:  A Biography.”  Journal of the History of Economic Thought  33, no 2  (June 2011):  280-283.

"Review of Emmett, Ross B. ed., The Elgar Companion to the Chicago School of Economics." EH.Net Economic History Services, May 6, 2011. URL:

"Schumpeterian Labor Economics:  The Labor Pains (and Labor Gains) from Creative Destruction."   Somewhat cleaned-up version of the paper presented at the meetings of the International Schumpeter Society in Denmark, June 24, 2010.

"Using Video Clips to Teach Creative Destruction."    Journal of Private Enterprise 25, no. 1 (Fall 2009):  151-161.

"Schumpeter vs. Keynes: "In the Long Run Not All of Us Are Dead"."   Journal of the History of Economic Thought 31, no. 4  (December 2009):  531-541.  [copyright by Cambridge University Press; PDF also downloadable from: ]

"Review of Langlois, Richard N., The Dynamics of Industrial Capitalism: Schumpeter, Chandler and the New Economy." EH.Net Economic History Services, Aug. 5, 2009. URL:

“Schumpeter's Best Move:  Review of:  McCraw, Thomas K.  Prophet of Innovation:  Joseph Schumpeter and Creative Destruction.”   Research in the History of Economic Thought and Methodology  27-A  Bingley, UK:  JAI Press, 2009, pp. 207-223.

"Fixing Ideas:  How Research is Constrained by Mandated Formalism."  Journal of Economic Methodology   16, no. 2 (June 2009):  191-206.   Much revised, and more narrowly focused, version of paper presented at AEA.

“The Career Consequences for a Scientist of a Mistaken Research Project:  The Case of Polywater.”  The American Journal of Economics and Sociology  68, no. 2 (April 2009):  387-411.

“How Institutional Incentives and Constraints Affect the Progress of Science.”  Prometheus 26, no. 3 (Sept. 2008):  231-239.

"Economics of Science."  In Steven N. Durlauf and Lawrence E. Blume, The New Palgrave Dictionary of Economics, 2nd edition forthcoming 2008, Basingstoke and New York:  Palgrave Macmillan, reproduced with permission of Palgrave Macmillan. This article is taken from the author's original manuscript and has not been reviewed or edited. The definitive published version of this extract may be found in the complete New Palgrave Dictionary of Economics in print and online, 2008, Volume 7, pp. 328-334.

“Review of  Taleb, Nassim Nicholas.  The Black Swan.”  Journal of Scientific Exploration  22, no. 3 (Fall 2008):  419-422.

"The Determinants of Election to the Presidency of the American Economic Association:  Evidence from a Cohort of Distinguished 1950’s Economists."  Scientometrics 73, no. 2 (Nov. 2007):  131-137.  (with Robert J. Toth).

"Thriving at Amazon:  How Schumpeter Lives in Books Today."    Econ Journal Watch 4, no. 3 (Sept. 2007):  338-444.

"The Effects of Spanish-Language Background on Completed Schooling and Aptitude Test Scores."   Working draft, April 30, 2008 (with Luis Locay and Tracy L. Regan).  

"Creative Destruction:  The Essential Fact about Capitalism."   Presented at the Summer Institute for the Preservation of the History of Economic Thought, George Mason University, June 2007.

“Review of  Hammond, J. Daniel and Claire H. Hammond, eds.,  Making Chicago Price Theory:  Friedman-Stigler Correspondence 1945-1957.”  Journal of the History of Economic Thought  30, no. 2 (June 2008):  258-262.





Kauffman Foundation announced (on 10/31/11) their "most popular" haiku describing the U.S. economy:


jobs and Jobs are gone

need more Jobs to get more jobs

innovate to grow

Arthur Diamond

The YouTube clip above shows me describing my Honors Colloquium on Creative Destruction.  It was  recorded on July 6, 2011 in Mammel Hall, the location of the College of Business at the University of Nebraska Omaha (UNO). I am grateful to Charley Reed of UNO University Relations for doing a great job of shooting and editing the clip.



"The Neglect of Creative Destruction in Micro-principles Texts."  History of Economic Ideas 15, no. 1 (2007):  197-210.

"Schumpeter's Creative Destruction: A Review of the Evidence."  Journal of Private Enterprise 22, no. 1 (Fall 2006):  120-146.

"The Relative Success of Private Funders and Government Funders in Funding Important Science."  The European Journal of Law and Economics 21, no. 2 (April 2006): 149-61.

"Measurement, Incentives, and Constraints in Stigler's Economics of Science."  The European Journal of the History of Economic Thought 12, no. 4 (December 2005):  635-661.

"Schumpeter's Central Message."  Paper Presented at Milan International Schumpeter Society Conference, June 12, 2004.

"Zvi Griliches's Contributions to the Economics of Technology and Growth."  Economics of Innovation and New Technology 13, no. 4 (June 2004):  365-397.

"Edwin Mansfield's Contributions to the Economics of Technology."  Research Policy  32, no. 9 (Oct. 2003):  1607-1617.

"Scientists' Salaries and the Implicit Contracts Theory of the Labor Market."  International Journal of Technology Management 22, nos. 7/8 (2001):  688-697. 

"The Complementarity of Scientometrics and Economics."  Chapter 16 in The Web of Knowledge.  Edited by Blaise Cronin and Helen Barsky Atkins.  American Society for Information Science, 2000, pp. 321-336.

"Does Federal Funding "Crowd In" Private Funding of Science?" Contemporary Economic Policy 17, no. 4 (October 1999): 423-431.





Page of Links to Video Clips that I Like to Use in Teaching Micro Principles or Other Classes


Audio download of debate between Art Diamond and Stan Cox (author Losing Our Cool) on whether air conditioning is good (Diamond) or bad (Cox).  Broadcast on Joy Cardin Show on the Wisconsin Public Radio network on Weds., June 8, 2011, from about 7:00 - 7:50 AM.

Econ 2200:  Ch. 5 PowerPoint Video with Diamond Audio Comments

Econ 2200:  Ch. 10 PowerPoint Video with Diamond Audio Comments

Econ 2200:  Entrepreneurship PowerPoint Video with Diamond Audio Comments

Econ of Tech:  Koch's Science of Success PowerPoint Video with Diamond Audio Comments


Great paper showing long-term labor benefits from free market creative destruction:  Cox and Alm. "The Churn:  The Paradox of Progress."  Dallas Fed Annual Report, 1992.

Great paper showing the recent labor benefits from free market creative destruction:  Levy and Murnane.  "Book Excerpt:  The New Division of Labor."  The Milken Institute Review, 2004.

Page 20 of this paper has a great table showing that most new jobs created are higher in the hierarchy of skills, than were the old jobs that were destroyed:  Cox and Alm.  "A Better Way."  Dallas Fed Annual Report, 2003.


Honors Colloquium on Creative Destruction Student Critical Review Presentations:

Anderson, Erica on Creative Destruction:  How Globalization Is Changing the World's Cultures

Christensen, Andrew on Strategic Intuition:  The Creative Spark in Human Achievement

Christensen, Daniel on Evolutionary Economics and Creative Destruction

Kirkland, Nathan on The Elusive Quest for Growth:  Economists' Adventures and Misadventures in the Tropics

Knipe, Spencer on The New Division of Labor:  How Computers Are Creating the Next Job Market

McGovern, Marshal on Slackonomics:  Generation X in the Age of Creative Destruction

Olsen, Jake on Blue Ocean Strategy:  How to Create Uncontested Market Space and Make Competition Irrelevant

Olsen, Ross on Only the Paranoid Survive:  How to Exploit the Crisis Points That Challenge Every Company

Rogers, Elizabeth on Capitalism, Socialism and Democracy

Wood, Tadd on The Age of Turbulence:  Adventures in a New World


Other Links:

Schumpeter's key chapters on Creative Destruction

Excel spreadsheet of basic content analysis of 1,176 Amazon books that mention Schumpeter

"Amazon Data Details" (Notes intended to complement and provide supporting information for:  "Thriving at Amazon:  How Schumpeter Lives in Books Today.")

Schumpeter information and links

Brad DeLong home page

Clayton Christensen home page

Erik Brynjolfsson home page

Kim Sosin's economics data and links

Library of Economics and Liberty

Heritage Foundation Guide to Public Policy Experts

Founding Members of the International Network for Economic Method

Great eBay ad on markets - click TV Spots - Toy Boat

Funny girls' toy ad satire "Princess Fun Brick" asking what toys would we have if there was no competition

An Open Letter to Lemony Snicket (and Robert Bork) in modest Defense of Edgar Guest

Association of Private Enterprise Education