A Theory of Regulation

This story caught my eye:

Now another revolution on wheels is on the horizon: the driverless car. Nobody is sure when it will arrive. Google, which is testing a fleet of autonomous cars, thinks in maybe a decade, others reckon longer. A report from KPMG and the Centre for Automotive Research in Michigan concludes . . . → Read More: A Theory of Regulation

Is building and running the IIT JEE a public goods problem?

What should government do?

In the question “What should government do?”, economists have one big answer “do the public goods”. A public good is something that is non-rival (the consumption by one does not come at the cost of consumption by another) and non-excludable (it is not possible to exclude someone from benefiting from . . . → Read More: Is building and running the IIT JEE a public goods problem?

Where does the greatest challenge to liberty come from?

‘If respect for individual rights were to be shown to lead, not to order and prosperity, but to chaos, the destruction of civilization, and famine, few would uphold such alleged rights, and those who did would certainly be held the enemies of mankind. Those who can see order only when there is a conscious . . . → Read More: Where Does the Greatest Challenge to Liberty Come From?