Profiles

Step 1: claim that only government can solve the problem of "externalities." Step 2: claim that externalities are everywhere. Step 3: send in bureaucrats to solve every "problem" caused by externalities.

Thanks to capital accumulation and other innovations in the West, life expectancy grew beyond anything previously imagined. The benefits spread from there.

Every time something good seemed to emerge from Tinbergen’s work, he seems to have managed to twist it in an awful direction.

Niall Ferguson’s new book Doom: The Politics of Catastrophe is timely. But Ferguson may just be telling the reader what he wants to hear.