Incentives
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Professionals to ‘Labor’: Why California’s Doctors Are Unionizing
California’s unionization campaign reveals the economic and institutional shifts away from physician ownership and professional autonomy.
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When Rational Individual Choices Produce Collective Waste
Why we keep paying for practices nobody wants—and what finally makes them disappear.
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What the Olympics Really Cost: Rio’s 10-Year Legacy of Debt and Destruction
Rio 2016, like many ambitious projects, combined political cronyism and weak market discipline. Ordinary Brazilians are still paying the bill.
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Who Gets Rich from Innovation? Evidence from Broadband Expansion on the Colville Reservation
The biggest winners from new technologies are usually the people who use them, not the people who invent them.
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California’s Billionaire Tax Is Backfiring Before It Begins
California’s proposed wealth tax promises billions in new revenue. But early evidence suggests it will ultimately cost the state far more in investment, entrepreneurship, and future tax receipts.
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Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.
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Fixing Patent Eligibility Is an Easy Win for Innovation
Restrictive patent eligibility has pushed investment in key technologies overseas, weakening one of America’s historic competitive advantages. Congress can still reverse course.
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Rewarding Good Governance: How Foot-Voters Benefit Society
Governance improves when people and businesses are free to leave high-tax, low-value jurisdictions. Competition can improve public policy just as it improves products and services.
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A Forgotten Founder Who Warned Against Cronyism
John Taylor argued that government-created privilege would enrich favored interests while weakening republican self-government.
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Markets Bet on Warsh to Fight Inflation. Will the Fed Deliver?
Traders expect the Fed’s new chair to respond to accelerating inflation with higher rates. Credibility requires policy match the tough talk.
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•
Professionals to ‘Labor’: Why California’s Doctors Are Unionizing
California’s unionization campaign reveals the economic and institutional shifts away from physician ownership and professional autonomy.
-
•
When Rational Individual Choices Produce Collective Waste
Why we keep paying for practices nobody wants—and what finally makes them disappear.
-
•
What the Olympics Really Cost: Rio’s 10-Year Legacy of Debt and Destruction
Rio 2016, like many ambitious projects, combined political cronyism and weak market discipline. Ordinary Brazilians are still paying the bill.
-
•
Who Gets Rich from Innovation? Evidence from Broadband Expansion on the Colville Reservation
The biggest winners from new technologies are usually the people who use them, not the people who invent them.
-
•
California’s Billionaire Tax Is Backfiring Before It Begins
California’s proposed wealth tax promises billions in new revenue. But early evidence suggests it will ultimately cost the state far more in investment, entrepreneurship, and future tax receipts.
-
•
Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.
-
•
Fixing Patent Eligibility Is an Easy Win for Innovation
Restrictive patent eligibility has pushed investment in key technologies overseas, weakening one of America’s historic competitive advantages. Congress can still reverse course.
-
•
Rewarding Good Governance: How Foot-Voters Benefit Society
Governance improves when people and businesses are free to leave high-tax, low-value jurisdictions. Competition can improve public policy just as it improves products and services.
-
•
A Forgotten Founder Who Warned Against Cronyism
John Taylor argued that government-created privilege would enrich favored interests while weakening republican self-government.
-
•
Markets Bet on Warsh to Fight Inflation. Will the Fed Deliver?
Traders expect the Fed’s new chair to respond to accelerating inflation with higher rates. Credibility requires policy match the tough talk.