September 1, 2014

Advertising in a Free Society

In practice it is impossible to distinguish between advertising that is intended to be persuasive and advertising that is intended to be informative. Persuasive advertising normally has information content and even basic information provided by a company about its products will normally be intended to make consumers more interested in the product.
September 1, 2014

The New Equality: Global Development From Robin Hood to Botswana

In the mid-1700s Europe and North America broke with thousands of years of economic stagnation. When power was spread around in society, countries began to experience sustained growth. It was also the birth of global income inequality, which continued to grow for about two centuries.
June 1, 2014

The Green Bubble: How Good Intentions Led to Giddy Speculation

We need clean energy if we are to meet the world’s growing energy needs while avoiding an environmental disaster. But a large part of the subsidies go to projects that will never be profitable.