The War on Drugs Is Not Like The War on Poverty
The poverty rate is not declining, and people continue to buy and sell drugs.
Interventionism
Displaying 811 - 820 of 3462
Labor Unions Are Anti-Labor
Labor unions work to prevent increases in the productivity of workers, which is ultimately the only way to increase real wages, writes George Reism
Hollywood and the State: A Longtime Partnership
Not content with just the movie industry, the US government has also turned to the video game industry in more recent decades.
Review of Making Sense of Social Security Reform, by Daniel Shaviro; Is Social Security Broke? by Barbara R. Bergmann; Administrative Aspects of Investment-Based Social Security Reform, edited by John B. Shoven
The cognoscenti behind the Bush (Campaign 2000) proposal call their plan “privatization.” Privatization, as typically understood by economists, means the transfer of capital ownership and resource allocation
Comment on Canice Prendergast’s A Theory of ‘Yes Men’
It is within the bowels of government where the real yes-men problem lies. Here, there is no automatic feedback mechanism of the market to rely upon, to quell any incipient tendencies in the direction of yes-manning.
A Note on the Canard of “Asymmetric Information” As a Source of Market Failure
The notion that so-called asymmetric information is a source of market failure is deeply flawed. Asymmetric information is essentially a synonym for “the division of knowledge (and labor) in society,”
Review of Alternative Route: Toward Efficient Urban Transportation, by Clifford Winston and Chad Shirley
The authors’ proposed solutions are interesting but ultimately disappointing. Laudably, they do call for what they believe to be the privatization of urban transit.
The Political Economy of the New Deal, by Jim F. Couch and William F. Shughart II
Couch and Shughart’s book brings together a number of public-choice studies by other authors which have appeared in various journals, but have never been formally connected to each other in a single book.
Restructuring Before Privatization — Putting the Cart Before the Horse: A Case Study of the Steel Industry in Romania
The Eastern European countries have been going through a transition phase since the liberalization of their economies with the collapse of communist regimes in the early 1990s.
The Impact of Transfer Payments on Economic Growth: John Stuart Mill versus Ludwig von Mises
Our analysis shows that Mises’s critique of “confiscatory interventionism” is the appropriate paradigm for interpreting events in the American economy during the last third of the twentieth century.
