No longer laissez-faire, government creates a mixed economy when it responds to Amazon’s lobbying and other firms’ influence.
With the growth of online shopping and the cardboard containers used to ship all we buy, we are creating a long list of externalities that affect us daily.
Regulation of innovations like drones can take us back to old economic principles like property rights that have supported the market system for centuries.
It looked like a swarm of model airplanes. But actually they were drones that were hovering near me at a University of Pennsylvania engineering school demonstration. The purpose of the workshop was to explain the practical application of unmanned aerial…