Lynne Kiesling Ray Gifford has written an excellent a historical perspective on the property rights and commons debate in the digital sphere. He hearkens back to the Parliamentary enclosure movement of the 18th century in Britain to point out that The private decisions of multiple individuals will deliver an order in the face of uncertainty …
Lynne Kiesling Michael Barone has an interesting column on Adam Smith as a political pundit. He riffs off of a quote from Wealth of Nations, Book V, Chapter 1, para. 199: In every civilized society, in every society where the distinction of ranks has once been completely established, there have been always two different schemes …
Adam Smith on the Politics of “People of Fashion” Read More »
Lynne Kiesling Like “price gouging”, “windfall profits” is an economic non-concept that rears its ugly head in the political machinations surrounding exogenous economic dislocations like national disasters. Senators Cantwell and Dorgan, who are sensible on some other, electricity-related, energy issues, really get it wrong here. Steve Chapman’s column on the topic points out the economic …
Lynne Kiesling OK, I know criticizing Dominique de Villepin is like shooting fish in a barrel, but this one really cries out for it: After threatening oil companies with a big tax grab, French petrol prices fell slightly and Dominique de Villepin pronounced it a step in the right direction but not enough. Meanwhile, he …
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