alex tabarrok
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Democracy and Capitalism Are Mutually Reinforcing
Many people argue that democracy is incompatible with capitalism but they differ on whether democracy will kill capitalism or whether…
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India’s Talent Trap
In India, government jobs pay far more than equivalent jobs in the private sector—so much so that the entire labor…
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Manufacturing and Trade
It has become popular in some circles to argue that trade—or, in the more “sophisticated” version, that the dollar’s reserve-currency…
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Why Do Domestic Prices Rise with Tariffs?
Many people think they understand why domestic prices rise with tariffs—domestic producers take advantage of reduced competition to jack up…
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