Arthur Diamond in Edinburgh with Smith.


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University of Nebraska Omaha

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Some recent or notable research or reviews (with links to PDF files):

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

"Seeking the Patent Truth: Patents Can Provide Justice and Funding for Inventors."  The Independent Review: A Journal of Political Economy 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;  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 Ross Emmett, 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."   The 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  (Dec. 2009):  531-541.  [copyright by Cambridge University Press; PDF also downloadable from:

"Review of Richard N. Langlois, 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 ed., 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."  Prepared for presentation 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.

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

"Fixing Ideas:  What Counts as Good Evidence that Creative Destruction is the Essential Fact about Capitalism?"  Presented at AEA meetings on January 6, 2007.

"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): 149-161.

"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."  (2000).

"Does Federal Funding "Crowd In" Private Funding of Science?"   (1999).

"The Economics of Science."  Knowledge and Policy 9, nos. 2/3 (Summer/Fall 1996): 6-49.

"Review of: Alexander Rosenberg's Economics--Mathematical Politics or Science of Diminishing Returns?."    (1996).

"The Core Journals of Economics."  (1989).

"The Empirical Progressiveness of the General Equilibrium Research Program."  (1988).

"Science as a Rational Enterprise."  (1988).

"The Polywater Episode and the Appraisal of Theories."  (1988).

"The Life-Cycle Research Productivity of Mathematicians and Scientists."  (1986).

"What is a Citation Worth?"  (1986).

"Avery's 'Neurotic Reluctance'."  (1982).

"Planck's Principle."  (1978) (with David L. Hull and Peter D. Tessner).

More Publications and Drafts

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 show 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.





Art Diamond with one of Galileo's original telescopes in Florence.



Longer List of Publications and Drafts (for most, includes links to PDF files)

Art Diamond's Personal Blog:

Art Diamond's Personal Web Site:

Art Diamond's Curriculum Vitae

UNOmaha Economics



Page of Other Useful Links (tech., eBiz, etc.)


Purchase Frank Knight cassettes


Library of Economics and Liberty


Schumpeter information and links


Brad DeLong home page


Erik Brynjolfsson home page


Clayton Christensen home page


Kim Sosin's economics data and links


Charles G. Koch Charitable Foundation associate and internship programs


Heritage Foundation Guide to Public Policy Experts


Kauffman Foundation resources on entrepreneurship education and research


Great ad on markets - click TV Spots - Toy Boat


Famous Ben Wattenberg Corporate Graveyard Scene from "In Search of the Real America"


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


Association of Private Enterprise Education


International Schumpeter Society







Above graph from p. 380 of :  "Zvi Griliches's Contributions to the Economics of Technology and Growth."  Economics of Innovation and New Technology 13, no. 4 (June 2004):  365-397.

BSAD 8480 Applications in Economics: Technology [last taught Fall 2007]

ECON 2200 Principles of Economics---Micro [last taught Spring 2018]

ECON 3200 Economic Theory---Micro [last taught Spring 1999]

ECON 4260/8266 History of  Economic Thought [last taught Spring 1999]

ECON 4290/8296; BSAD 8026 Research Methods in Economics and Business [last taught Fall 2000]

ECON 4340/8346 Economics of Technology [last taught Spring 2018]

ECON 4700/8706; BSAD 8706 Economics of eBusiness [last taught Spring 2006]

ECON 4730/8736; BSAD 8736 Economics of Entrepreneurship [last taught Fall 2017]

ECON 4910/8916 Special Topics:  Creative Destruction Colloquium [cancelled for Fall 2012]

ECON 4910/8916 Special Topics:  Economics of Science [last taught Spring 1994]

ECON 8160 Seminar in Labor Economics [last taught Spring 1995]

HON 3000 Honors Colloquium on Creative Destruction [last taught Fall 2011]

HON 3000 Honors Colloquium on Innovation Unbound [last taught Fall 2016]


More Details on Courses Taught

In the course list above, the Executive MBA BSAD 8480 was an evolved version of the more standard managerial economics course; and the ECON 3200 course is more commonly called "Intermediate Micro."  Besides the courses listed above, in the more distant past, I have also taught:  honors micro principles; undergraduate labor economics; a standard version of the managerial economics course; and a philosophy of economics course.


Email comments to

Otherwise phone Art Diamond at:

(402) 554-3657 [work];

(402) 554-2853 [fax] or mail to:

Arthur Diamond

Department of Economics

6708 Pine St.

University of Nebraska Omaha

Omaha, NE  68182-0048


Last updated by Art Diamond on 07/14/16.