Economics

Distortionary Effects of Three-tier Liquor Regulation, Wisconsin Edition

1 Comment / Economics, Regulation / By

Lynne Kiesling As Jonathan Adler notes at the Volokh Conspiracy, the Wisconsin legislature is considering a piece of legislation that would change the regulations governing the production, wholesale distribution, and retail sale of beer in Wisconsin. The controversial provision in this legislation is one that prevents brewers from owning wholesale distributors, and the controversy arises …

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Saving Fisheries with Property Rights

1 Comment / Economics, Environmental policy / By

Lynne Kiesling Researchers at PERC have been working on free-market environmentalism and property rights-based approaches to aligning economic and environmental values for decades. This video does an excellent job of highlighting the work that PERC scholars and others have done to make ocean fisheries more sustainable by moving from open-access overfishing to population and profit …

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A Voluntary Association Disaster Relief Update

2 Comments / Economics / By

Lynne Kiesling Think about public policy concerning disaster relief — the typical argument is that government intervention is necessary to supply affected people with food, clothing, shelter, and construction resources. One theoretical foundation of this argument is the standard public good model, which shows that profit maximizing/utility maximizing individuals will not supply the optimal amount …

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Price Gouging Op-ed Appears in the Washington Times

1 Comment / Economics, Politics, Regulation / By

Michael Giberson This morning’s Washington Times carries my op-ed on price gouging. You should run out and buy a copy at your local newsstand, call the editor with loads of praise, encourage him to solicit my views more frequently, etc. Alternatively, read the op-ed at the Times website and offer comments here, there, or both …

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The Rhetoric of Regulation: Free Markets Are Regulated

6 Comments / Economics / By

Lynne Kiesling Here at KP we study and analyze and talk a lot about government regulation of economic activity. But one thing to which we have not been particularly attentive is the rhetoric of regulation — what meaning, explicit and implicit, do we attach to the word “regulation”? Into this breach comes an excellent Freeman …

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Do Anti-price Gouging Laws Help the Victims of Natural Disaster?

5 Comments / Economics, Law / By

Michael Giberson At the LegalMatch Law Blog, Sonya Ziaja editorializes in favor of laws against price gouging: Natural forces are blind to what they destroy. People aren’t. In the past month, tornadoes and flooding in the South and Midwest left behind crippled lives, destroyed homes, and eviscerated infrastructure. Now as the victims of the tornadoes …

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Civil Liberties and Economics: More Than Just Free Markets

4 Comments / Economics, Liberty, Politics, Technology / By

Lynne Kiesling I wasn’t around KP a lot last week because I was spending a lot of time following the Patriot Act extension debacle and contacting my Congressional representatives to urge them to vote against it (of my so-called representatives, only Senator Durbin did so; I think this is the first time he and I …

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