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Contributing Guest: November 2017

An Author Archive by Month (5 entries)

Mass Killings and the Economic Approach to Human Behavior

Economics of Crime
Contributing Guest
by Pierre Lemieux Whether or not mass killings without Islamist terrorism are on an upward trend is a debated question. In their article "Mass Shootings in America: Moving Beyond Newtown," criminologists James Alan Fox and Monica J. DeLateur argue that,... MORE

by Richard McKenzie "Don't tax me, don't tax thee, tax the man behind the tree!" ~ The late U.S. Senator Russell Long (D-LA) Republicans are being excoriated by pundits, journalists and Democrats for proposing to lower the corporate income tax... MORE

Taking Comparative Advantage Seriously

International Trade
Contributing Guest
by Pierre Lemieux Some geographical conditions can be changed by human entrepreneurship or government intervention. If hothouses have been built with a government subsidy and their cost is sunk, don't they now represent a comparative advantage? A recent Wall Street... MORE

Big Brother Does Not Always Help, or Only at a Cost

Central Planning vs. Local Knowledge
Contributing Guest
by Pierre Lemieux The history of Puerto Rico, its current travails, and the theories of its famous governor Rex Tugwell provide a good illustration of a simple conclusion of economic analysis. The Economist of October 19 observes that, one... MORE

by Richard B. McKenzie Professor Tullock's point is simple: the federal government should have long been wary of politically seductive proposals that carry rents The late economist Gordon Tullock was ingenious in devising arguments that were both easily understood and... MORE

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