29. “The Rocky Road to Paradise: Why Economic Liberalization is Interrupted”, by David Barker
Abstract: Despite evidence that free market policies improve overall welfare, much of the world is making little progress in reducing state economic controls. Short-term transition costs may be the reason. A simple model demonstrates that it may be rational to weight these costs more heavily than the long-term beneï¬ts of economic freedom.
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who broke the website formatting?
and thanks for fixing it anonymous one
You know, once a Lord inherits, or is appointed, the seat in the Upper House, they are there for a long time, immune to electoral bribery. Perhaps we could all do with such people, so long as it was made a law that 1/2 of all Cabinet positions had to be from this Upper House. If democracies need long-term thinkers, they should plan for them, not just hope.
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