Many observers think that it is impossible to cut federal government spending as a percentage of Gross Domestic Product (GDP). But it can be done. And the evidence is hidden in plain sight: it's called the 1990s. Between 1990 and 2000, federal spending fell from 21.85 percent of GDP to 18.22...

A common misunderstanding of moral hazard emerges from an inaccurate definition of health-care insurance. What we call health insurance is actually a bundle of two services — insurance for catastrophic care and subsidies for routine care. The insurance portion covers insurable medical events...

The doctrine of Corporate Social Responsibility (CSR) now enjoys widespread support. Companies are enjoined not simply to seek profit but to demonstrate their 'corporate citizenship' by working with a range of stakeholders to further environmental and social as well as economic goals. Pressures...

Towards a Liberal Utopia? is a free-market manifesto for the next fifty years covering a diverse range of policy areas, including health, education, social security, pensions, labour markets, tax policy, Europe and the environment. In addition to these visions of the future, Ralph Harris...

Public opinion polls in recent years show that Canadians are generally satisfied with their government-funded health care system. If there is any consistent source of dissatisfaction with the “single-payer” system, it is with the amount of time people wait to receive medical care. Requiring...

An elasticity of textile employment with respect to textile imports is estimated for the nation, two regions, and four local areas. A theoretical labor demand equation is derived which endogenizes textile imports and facilitates direct estimation of import-employment elasticities. The results...

Professor Laffer’s paper’ leads me to ask four questions, which I shall address in turn: 1, Is the Laffer curve an accurate depiction of economic reality? 2. Are we in a prohibitive region of the Laffer curve, that is, a region in which a tax rate cut would increase tax revenues?...

The attached text formed the basis for my opening contribution, and also some later remarks, at the discussion that followed the 2008 Clare Distinguished Lecture in Economics and Public Policy, given in Cambridge, England, on 14 May 2008. The lecturer was Professor Mohan Munasinghe, a Vice-Chair...

There is currently a consensus amongst the political establishment - and amongst the intellectual communities that feed into it - that detailed and wide-ranging government intervention is necessary to combat the effects of climate change. This monograph challenges that consensus. The authors...