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This piece is a prologue to a symposium, cosponsored by the Acton Institute, that asks its contributors: Does professional economics need enrichment by religious or quasi-religious thinking? Many common criticisms of professional economics propose the incorporation of richer concepts and...
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The importance of canals and railroads has hardly grown "deeper and deeper," but at least they had their day. As for plank roads, most people have never heard of them. The historical obscurity of plank roads reflects the general scholarly neglect of nineteenth-century roads. Excellent work has...
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Imagine that someone with all the endowments of a Milton Friedman were born in the 1960s or 1970s. Is it conceivable that such a person would develop into a Milton Friedman like we know the actual Milton Friedman to have been, including his academic eminence and his eloquent and influential...
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A 2009 Journal of Law and Economics article by Marc T. Law and Mindy S. Marks suggests that during the period 1890-1950 occupational licensing did not tend to affect blacks and women adversely. The biggest problem with the paper is that a Census-reported practitioner in a licensing state is not...
Persistent link: https://www.econbiz.de/10010571463
I arrived here at the UC Transportation Center just nine months ago. A former lawyer and aspiring writer, I had only a layman's knowledge of transportation systems, mostly based on my personal experiences.  Growing up in Hilo, Hawaii, I thought traffic jams meant having to circle the parking...
Persistent link: https://www.econbiz.de/10010817725
The turnpike companies of early America (roughly 1795-1840) were very unprofitable but conferred vast benefits to communities served. Purchases were necessary to complete the road and unprofitability was foreseen. Thus the turnpikes would appear to have been public goods. Yet hundreds of...
Persistent link: https://www.econbiz.de/10010817777