What stirs most people against rent control laws in the United States and elsewhere are stories of people who have held apartments for many years and now pay absurdly low rents for them. There are important reasons for removing rent controls, but the shock value of a low rent is not one of...

We live in troubled times. Over the past decade, the world economy has been wracked by financial crises, sovereign debt problems, backlash from political conflict and migrant crises, and, recently, a rise in xenophobia and protectionism. These issues raise major questions about the state of the...