We're often told that submission to government edicts is "voluntary" because we have "representative" government. The evidence suggests, however, that politicians don't represent their constituents. Nor could they, even if they wanted to.
The 2018 Nobel Prize in economics has gone to Yale's William Nordhaus for work in environmental economics and NYU's Paul Romer for work on economic growth. Both have long been considered front-runners for...
When robots may be more effective workers and possibly better engineers, they cannot figure out what is valued. That’s the task of entrepreneurs, who bet on what consumers will want.
