Production Theory

In the last edition of The Freeman, David Levin and Michele Boldrin argue that "innovation could thrive" without an IP regime. And they propose that an "...

The government, famed for building bridges to nowhere, can't replace a bridge blown down by Hurricane Katrina in four times the time required for a private company to replace its bridge just downriver from it, blown down at the same time. And the private company is a railroad,...

When it comes to matters such as the theory of evolution and stem-cell research, so-called liberals—i.e., socialists who have stolen the name that once meant an advocate of individual freedom—ridicule religious conservatives for their desire to replace science with the dictates of an alleged...

Here's an interesting excerpt from an interview with David Card by the Minneapolis Fed's Region (December 2006).

Is Card making the Austrian point that the perfectly competitive model (a.k.a. the simple supply and...