Profiles

Tax competition occurs when a government uses its tax system to try to attract capital, business activity, or wealthy people from other countries, writes Richard Teather.

Politicians believe that the size of the economy is fixed and they only have to decide how to divide it up, writes Richard Teather. Austrian economists, with their focus on the real world and human nature, know better; wealth does not just exist, it has to be created, and the disincentive effects...

"Social responsibility" is out. Richard Teather explains that activists are demanding even more: corporate citizenship. This concept demands that a company's whole actions be carried out with regard to their "social impact" as interpreted by unions, environmentalists, poverty campaigners, and other...