The Neoclassical Fallacy of Government as Deus ex Machina

May 19, 2009 7:54 AM by Chris Brown

The question of where the government fits into the neoclassical framework demands an answer. It cannot just be assumed that any market "inefficiencies" (in the neoclassical sense) could be limited or eliminated by government, when government itself is arguably the most inefficient of all institutions. FULL ARTICLE

Obama is Wrong About Entrepreneurship

March 4, 2009 7:19 AM by Chris Brown

One of the most harmful of Barack Obama's public-private partnerships (PPPs) has to do with his support of entrepreneurship in an attempt to "spur job growth." I would like to show why this is not only a particularly bad idea but also a destructive one, leading to exactly the opposite of the result sought by the program. Contrary to popular myth, startup companies do not generate many new jobs, and actually create net job losses after their first year. FULL ARTICLE

The Water Wizards of Oz

February 23, 2009 8:18 AM by Chris Brown

It is near impossible to imagine any private company not enjoying the "problem" of high demand for its products and services. Yet there are some products that are repeatedly reported as shortages. There is one thing these products have in common: government intervention, typically in the form of price controls.

This is especially the case with water in Melbourne, Australia. FULL ARTICLE