"The Rocky Road to Paradise," by David Barker (Libertarian Papers)
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 benefits of economic freedom.
Comments (3)
axiomata
who broke the website formatting?
Published: July 14, 2009 2:58 PM
axiomata
and thanks for fixing it anonymous one
Published: July 14, 2009 3:14 PM
Nuke Gray
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.
Published: July 14, 2009 9:04 PM