Shoes, economics and entrepreneurship: Shoe Dog by Phil Knight

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

In the book, Mr. Knight describes Nike’s 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: Real Clear Markets, March 15, 2017