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John Tamny starts his review of Nike founder Phil Knight鈥檚 eminently enjoyable memoir, Shoe Dog, with a quote by Desautels Professor that macroeconomics is a 鈥渢autology and a myth, a dangerous one at that, sustaining that prosperity is necessarily linked to territory, national units and government spending in general.鈥� He then goes into why the book鈥檚 author would likely agree with Professor Brenner. Indeed, Nike鈥檚 continued existence is partly a product of an integrated global economy.

In the book, Mr. Knight describes Nike鈥檚 early days, when stress about liquidity and debt marked every day. But he also gives a good look at the workings of economics.

Read full article: , March 15, 2017聽