The existing system of private property interferes with allocative efficiency by giving owners the power to hold out for excessive prices. We propose a remedy in the form of a … Continue reading
Gasoline, Guns, and Giveaways: Is There New Capacity for Redistribution to End Three Quarters of Global Poverty?
This paper argues that approximately three-quarters of global poverty, at least at the lower poverty lines, could now be eliminated—in principle—via redistribution of nationally available resources in terms of cash … Continue reading
Based on the Ethiopian case and on other available evidence, the argument of a crowding out effect to justify lower aid levels seems misplaced. Instead aid can be beneficial to … Continue reading