A. Dr. John’s Articles for Download
Rutledge (2021). The Impact of COVID-19 on Urbanization (2021). This paper reviews the historical record and the academic references in both physics and economics to examine the likely impact of COVID on cities. It then discusses how to think about the recovery path of the economy after the pandemic has passed. And it lays out an investment strategy for protecting capital in this situation.
Rutledge (2015). Economic as Energy Framework. Review of Financial Economics. This is an article I published in the Review of Financial Economics that gives a high-level description of a framework for thinking about economics and finance using the tools developed for non equilibrium thermodynamics.
Rutledge (2008). Road Warrior. So far, this book is as close as I have come to writing the history of the ideas behind my approach to economics and investing. I wrote in 2008 at the request of AIG. I am working on Road Warrior II now to tell the rest of the story.
Rutledge (2008). Journal of Alternative Investments. The Impact of Increasing Carried Interest Tax Rates of the U.S. Economy.
Rutledge (2007). Analysis of the Impact of Increasing Carried Interest Tax Rates on the U.S. Economy. US Chamber of Commerce.
Rutledge (2007). U.S. Chamber statement to House Ways and Means Committee on taxing carried interest.
Rutledge (2003). How the Dividend Tax Cut Will Work.
Rutledge (2002). Understanding Real Rates. The Case of Japan
Rutledge (1997). Boy, Do I Have a Smart Son. Forbes.
Rutledge (1985). The Forest Fire of Disinflation. Financial Times.
Rutledge (1994). Why a Stock is Like a Bond. Forbes.
Rutledge (1984). Budget Bucks. They Stack Up as One Sure Cure for the Deficit.
Rutledge (1983). The Structural Deficit Myth. Wall Street Journal. Op-Ed.
Rutledge (1982). Ghost Town. New York Times.
Rutledge (1981). Why Interest Rates Will Fall in 1982. Wall Street Journal.
Rutledge (1974). A Monetarist Model of Inflationary Expectations.
B. Dr. John’s Referenced Articles for Further Reading
Friedrich von Hayek (1936, 1945). Economics and Knowledge (1936). The use of Knowledge in Society (1945). These are the first two articles I have the Ph.D. students in my Macroeconomics class read. They are, in my opinion, the two best articles ever written in economics. In them, Hayek describes what the concept of equilibrium means in term of the future plans made by individuals and describes a market economy as a communications network that solves the division of information problem in an extremely efficient way.
Read (1958). My Family Tree as told to Leonard E. Read. This is the article my PhD students read after reading the Hayek 1936, and 1945 articles. It helps them picture what he wrote in his articles.
Friedrich von Hayek (1974). Prize Lecture. The Pretence of Knowledge. I first met von Hayek in 1976 at the annual meetings of the Mont Pelerin Society held in Hong Kong. I was a star-struck 20-something year old economist. He had just received the Nobel Prize (shared with Gunnar Myrdal). He was seated on a small sofa, so I sat next to him just to his left so he could speak more comfortably. He said with a laugh, “You will have to move to the other side. I am deaf to the left you see.” He was a gracious man.
