The economic doctrine of “externalities” has become an excuse for governments to intervene economically in heavy-handed ways, all in the name of “saving” the ...

Most economic externalities can be efficiently solved through a system of private property rights, in which costs and ...

Phil Gramm and Michael Solon’s “Enemies of the Economic Enlightenment” (op-ed, April 16) seems intended to vilify the efforts of reformers seeking to change priorities and cultures within corporations ...

Covid-19 and its collateral damage continue to leave a trail of devastation around the world. Millions of businesses have closed, with many having no realistic prospect of reopening. Millions of ...

Externalities or spillovers are more common examples of market failure that may warrant the government intervention. Externalities are effects on third parities that are not transmitted through the ...

Popular environmentalist David Suzuki has described conventional economics as a form of brain damage. In a documentary called Surviving Progress, he quotes a fictional economist by saying, "who cares ...

Learn how economists measure externalities using equilibrium models, cost assessments, and qualitative methods. Gain insight into real-world and theoretical impacts.

Discussions of immigration policy are typically framed in the context of their economic effects in receiving countries, notably labour market and fiscal effects. In this paper, we characterize ...

Covid-19 and its collateral damage continue to leave a trail of devastation around the world. Millions of businesses have closed, with many having no realistic prospect of reopening. Millions of ...

COVID-19 and its collateral damage continue to leave a trail of devastation around the world. Millions of businesses have closed, with many having no realistic prospect of reopening. Millions of ...