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Displaying: 1 - 32 of 59 items.
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The Perils of Price Control
21 November 2011, Richard A Epstein
With the United States currently facing a drug supply shortage, Richard A Epstein analyses the threat price controls have on the pharmaceutical market. Professor Epstein, a longstanding Business Roundtable friend, author and visiting lecturer and regarded as one of the most influential law and economics scholars of our times, examines how over-protective government forces are driving drug suppliers out, discusses the damaging effects price controls are having over supplier profit margins and considers how government intervention through regulatory standards are causing a shortage in the market supply for drugs.
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Who Killed Horatio Alger?
4 November 2011, Luigi Zingales
Alger’s novels are frequently misunderstood as mere rags-to-riches tales. In fact, they recount their protagonists’ journeys from rags to respectability, celebrating American capitalism and suggesting that the American dream is within everyone’s reach. The novels were idealized, of course.
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The Dirty Secret Behind Clean Jobs
20 September 2011, Nick Sibilla and Todd Wynn
Cascade Policy Institute’s new report addresses the misconceptions behind creating a much hyped “renewable energy economy.” The definition of “green jobs” is vague, green job subsidies are based on flawed economic principles and, lastly, assumptions for job growth are inaccurate or downright false.
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Global Fiscal Disasters and Recoveries: What Do They Mean for New Zealand and Australia?
12 September 2011, Oliver Marc Hartwich
A speech by Oliver Marc Hartwich to the 2011 Dunes Symposium in which he discusses the Global Financial Crisis so far and where he thinks the world economy is headed. He also proposes some measures to protect New Zealand and Australia from future economic shocks.
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Trading Fertility for Prosperity
31 August 2011, Ronald Bailey
History shows that a world without trade is impoverished, ignorant, misogynistic, and overpopulated relative to available resources. That’s the world that our ancestors lived in. In the modern era, trade liberalization promotes a virtuous cycle that boosts incomes, raising the value of education, resulting in the protection of women’s rights, and eventually inducing a fall in fertility rates.
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The Elephant That Became a Tiger
24 August 2011, Swaminathan S. Anklesaria Aiyar
Faced with a foreign exchange crisis in 1991, India embarked on gradual, erratic, but persistent economic reforms that in two decades transformed its living standards and place in the world. India’s GDP growth rate has averaged over 8 percent in the last decade, and per capita income has shot up from $300 to $1,700 in two decades.
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Climate Change and Energy Security Policies: Are They Really Two Sides of the Same Coin?
23 August 2011, Peter R Hartley
Economist and energy expert Peter R Hartley gives the 2011 Reid Oration at the University of Western Australia. In it he discusses the relationship between climate policy and energy security.
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Tax Reform's Moment?
19 August 2011, Stephen Moore
What everyone inside and outside the Beltway wants to know, given the recent economic funk, is: Where will the growth come from? Certainly not from another round of failed Keynesian spending blowouts. Is it time for another 1986 moment?
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Why the Gender Gap Won't Go Away
11 August 2011, Kay S Hymowitz
Early this past spring, the White House Council on Women and Girls released a much-anticipated report called Women in America. One of its conclusions struck a familiar note: "women still earn on average only about 75 cents for every dollar a man earns. That's a huge discrepancy." It is a huge discrepancy. It's also an exquisite example of what has been dubbed "proofiness" - the use of misleading statistics to confirm what you already believe.
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What Julia Could Teach Barack About Trade
3 August 2011, ABC Radio
An ABC radio interview with the Cato Institutes' Dan Ikenson on why the Obama administration should take a leaf out of Australia's trade policy book. For more than three decades Australia has rejected the mantra exports good, imports bad. Washington still won't budge from its 16th century dogma of mercantilism.
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The Virtues of Free Markets
26 July 2011, Mark A. Zupan
Free markets maximize the opportunities for repeat interaction across time, products, places, and people. By creating the broadest possible opportunities for repeat interaction and thereby a future, free markets have an edge over other economic systems when it comes to promoting prosperity, as well as cooperation and integrity.
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Does Inequality Matter?
12 July 2011, Dalibor Rohác
Focusing on income inequality rather than drivers of poverty, obstacles to economic opportunity and systematic injustice obfuscates what works and what doesn’t in the realm of economic policy, and ultimately harms the poor and the vulnerable.
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The Trade Balance Creed: Debunking the Belief that Imports and Trade Deficits Are a Drag on Growth
10 June 2011, Daniel Griswold
Contrary to the prevailing view, imports are not a “leakage” of demand abroad. In the annual U.S. balance of payments, all transactions balance. The net outflow of dollars to purchase imports over exports are offset each year by a net inflow of foreign capital to purchase U.S. assets. This capital surplus stimulates the U.S. economy while boosting its productive capacity.
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The U.S. Recession of 2007-201?
3 June 2011, Professor Robert Lucas
The slides accompanying Professor Robert Lucas of the University of Chicago's 2011 Milliman Lecture. They compare the US economy's current malaise with the Great Depression and question whether changes in US economic policy have permanently diverted the country from its traditional path of strong, steady growth.
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No Rights Without Responsibility
23 May 2011, Matt Oakley & Peter Saunders
The first in a series of reports by Policy Exchange showing how a new approach to welfare reform can make inroads into welfare dependency. This first report focuses on the welfare system regarding 'jobseekers'.
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The Really Inconvenient Truth or "It Ain't Necessarily So"
17 May 2011, Lord Turnbull
A report by Lord Turnball published by the Global Warming Policy Foundation. It presents a "dispassionate but devastating critique of UK climate change policies, and of the alleged basis on which those policies rest"
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The Not So Dismal Science
28 April 2011, William McGurn
This evening I propose to take on one of the greatest libels in the English language: the description of economics as “the dismal science.” I hold a different view—that when it comes to seeing the potential in even the most desperate citizens of this earth, our economists, business leaders, and champions of a commercial republic are often far ahead of our progressives, artists, and humanitarians.
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The Inequity of the Progressive Income Tax
26 April 2011, Kip Hagopian
This article addresses the inequitable nature of progressive taxation and puts forward a "new doctrine of fairness" for consideration. It was recently included in Policy Review, a public policy journal published by the Hoover Institution at Stanford University
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Let the Rich Get Richer
19 April 2011, Richard A. Epstein
Richard A. Epstein explains why income redistribution will not solve America's budgetary problems and why Obama's current policies risk stripping that nation of the entrepreneurial spirit that led to its past greatness.
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In Praise of Reading and Fiction
15 March 2011, Mario Vargas Llosa
Mario Vargas Llosa's brilliant speech in acceptance of the 2010 Nobel Prize in Literature.
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15 School Choice Myths Expelled by 46 Facts
10 March 2011, The Commonwealth Foundation
In an attempt to thwart efforts to give children better educational opportunities, the public school establishment is trying to divert the attention of policy makers through a series of oft repeated myths and half-truths. What follows are the top 15 school choice myths, expelled by 46 facts.
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Time to embrace 'no fault' dismissal
3 March 2011, Grace Collier
The notion that the government could forcibly
‘reinstate’ a marital relationship is laughable. So why
has the community given the government the ability to trespass onto the circumstances of the employment separation event and force businesses to re-employ workers they have sacked?
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Schooling for Money: Swedish Education Reform and the Role of the Profit Motive
24 February 2011, Gabriel H. Sahlgren
In 1992, Sweden embarked on a radical education reform programme, which has become the subject
of intense debate in the UK. Opponents to voucher reforms have voiced concerns over the role of profit, which by some
is considered antithetical to quality. Such concerns have led the UK government to ban for-profit
independent schools. Has Swedish
school competition increased standards? And if so, what role, if any, did the profit motive play?
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A Green Religious Diatribe
28 January 2011, Alan Anderson
With his call for Queensland coal miners to be held responsible for the state’s floods, Greens leader Bob Brown has completed his transition from political leader to religious demagogue.
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Beware False Prophets: Equality, the Good Society and The Spirit Level
28 January 2011, Peter Saunders
In 2009 a popular book, called The Spirit Level, argued that income inequality harms not only the poorest people at the bottom end of the income distribution, but almost everybody in society, no matter how prosperous they are. This report provides an in-depth analysis of The Spirit Level’s claims regarding the relationship between income equality and societal well-being.
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Climate Change Issues - New Developments in a 20-Year Context
23 November 2010, David Henderson, Royal Economic Society Newsletter
This note presents a personal sketch of the current debate on climate change issues, with special reference to the debate among economists. The opening sections, which give a 20-year perspective, draw in part on a paper of mine published earlier this year in the journal Energy and Environment. In the final section I comment on recent unexpected developments and their possible significance.
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The Decline and Fall of Cap-and-Trade
18 October 2010, Patrick J Michaels, Capital Research Center
For many months Al Gore and
other supporters of cap-and-trade legislation
have been predicting victory. It’s only a
matter of time, they said, before the federal
government regulates the U.S. economy to
reduce carbon emissions and end global
warming. Gore and company have been
investing their money in “green economy”
industries, anticipating a windfall of profits
from the changes in energy policy that
Congress will mandate. But something’s
happened. Without any fanfare the effort
has been stopped dead in its tracks. What
happened—and why?
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Whither Economics?
4 October 2010, Glenn Boyle
The 2008 global financial crisis resulted in a number of casualties. In the eyes of
many, one such casualty is economics itself. According to these critics, economics
has failed dismally: it failed to prevent the crisis, it failed to predict the crisis, and it
even contributed to causing the crisis. Glenn Boyle argues that proponents of such a
view have much in common with medieval monarchs who removed the heads of
those bearing unwelcome news, and that sensible commentary on economics has
been the real victim of the crisis.
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Economic Freedom of the World 2010
20 September 2010, the Fraser Institute
The Economic Freedom of the World measures the degree to which the policies and institutions of
countries are supportive of economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to compete, and security of privately owned property.
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The Tasks of Economics Education
7 September 2010, Peter Boettke
It seems that in economics it appears either that you get it or you don’t. If you get it, you work in the field; if you don’t, you hate what economists (as popularly imagined) stand for. Peter Boettke asks why?
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Seven Myths About Green Jobs
2 September 2010, International Policy Network
A study “Seven Myths About Green Jobs,” published in association with more than two dozens think tanks from all over the world concludes that green jobs are not as green as is being claimed by the politicians and advocates.
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Adam Smith in 10 Minutes
16 August 2010, professor Chris Berry
In this 10 minute talk, Professor Berry describes the making of the man Adam Smith, the global significance of his writing and explains why Smith's work still resonates with us today.
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