In the 1990s, teaching Comparative Economic Systems seemed pointless because it was so obvious that central economic planning was not a viable alternative to capitalism. Now, with socialism’s rising popularity among college students and others, it may be time to bring that course back.
This post highlights some of the issues discussed during Policy Pub, an event hosted by the College of Social Sciences and Public Policy. Listen to the Pub here. The third edition of Common Sense Economics: What Everyone Should Know About Wealth and Prosperity (St. Martin’s Press, 2016) is widely available in print and electronic versions. …
What lies ahead for the design of policies intended to promote economic development, particularly among low-income countries? The traditional goal of encouraging the development of appropriate public fundamentals, to include modern infrastructure, enlightened institutions, and human capital formation are as essential as ever. However, they cannot, of themselves, be counted on to gain the needed foreign direct investment in physical capital that is critical for industrialization to take place.
The results of our study are rather intriguing. First, we saw that the presence of police, even when it is corrupt, was much better than anarchy. Second, corrupt police managed to enforce the law no worse than honest police, although, of course,citizens incurred significant costs due to wide-spread bribery.
Last week, President Trump noted would be willing to tax additional products from China. He decision, it seems, depends in part on what happens at the G20 meeting this weekend. Statista put together a chart listing some of the products that might be on Trump's target list.
Frequent demands that the government should do something (about so many things!) are too often based on wishful thinking—the thought that if government is given the power to act, it will do what the critics want. But giving the government power to do something too often means giving the elite more power to use the system for their benefit. I don’t claim that my book has all the answers; but problems cannot be effectively addressed without understanding their causes. My book explains why cronyism and favoritism toward special interests has become increasingly common.
In jettisoning a free market, the Trump administration is showing little restraint in adopting the same tactics used by political progressives to pursue his own priorities, which are becoming more partisan and less principled with each passing month.
Our experiences at the DeVoe Moore Center have shown that the Millennial and Gen Z generations are an untapped resource of entrepreneurship and creativity waiting to be shaped by the right organizational leadership and structures. We are inspired and thriving because our Center happens to be located at the sweet spot in transition generations from students to professionals. By making the human resources shift to take advantage of an innate passion for achievement by enabling guided, bottom up, and goal directed effort, our younger works have leverage the experience and skills of more experienced staff to achieve significant growth in productivity and output.
People cluster and cities grow because of what are broadly known as agglomeration economies. Agglomeration economies include things like knowledge spillovers that make workers and firms more productive, as well as the benefits that come from a thicker labor market, such as better employer-employee matches. Agglomeration economies are the forces that pull people together.
Disciplines in the College of Social Sciences and Public Policy promote critical thinking, analytical methods, and empirical skills as the path to understanding the key political, social, and economic issues that dominate our public discussions.