Brownstone » Articles for Craig Pirrong

Craig Pirrong

Dr Pirrong is Professor of Finance, and Energy Markets Director for the Global Energy Management Institute at the Bauer College of Business of the University of Houston. He was previously Watson Family Professor of Commodity and Financial Risk Management at Oklahoma State University, and a faculty member at the University of Michigan, the University of Chicago, and Washington University.

Klaus Schwab is the Sorcerer’s Apprentice

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Schwab’s main allies are in the managerial class, indeed, they are at the pinnacle of that class being the CEOs of massive corporations. But an organization–a business–is fundamentally different than an economic and social system, and the methods that work for an organization don’t work for a complex system in which formal organizations are just a part. This is why, for instance, avatars of high modernist management and engineering, like Herbert Hoover and Jimmy Carter, failed miserably as presidents.


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The Worship of Zero 

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To impose a centrally dictated objective, and a unidimensional one to boot, on complex societies comprised of billions of individuals with extremely diverse preferences and capabilities is to wage war on human nature, and humanity. Sustaining it necessarily requires the application of massive, and massively increasing, coercion. It requires people to “choose” what they would not choose of their own volition. 


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The Twisted Reign of Baron von Munchausen (by Proxy)

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Forcing people to obey the dictates of those clothed with authority for the ostensible purpose of curing their fictitious ills has proved to be an amazingly effective way to exercise the will to power. Thus, it will almost certainly be used again.


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