With the House requiring dynamic scoring of tax legislation from the CBO, the bigger tax debate resurfaces on how much redistribution and spending.…
Our Weekly Roundup: From Traffic Lights to Sneakers, Everyday Economics Explained by 5 Great Economists
Our Econlife roundup for the week 7.14.14 An island without traffic lights displays the benefits of Adam Smith’s laissez-faire…more 7.15.14 Why David Ricardo would approve of where …
John Stuart Mill on Affordable Health Care
A child prodigy, 19th century economist John Stuart Mill said in his Autobiography that, “I have no remembrance of the time when I began Greek; I have been told that it was when I was three year…
Tax Payers and Entitlement Receivers
I wonder if we should be concerned. Lecture 32 of “Thinking About Capitalism” from the Teaching Company looks at John Stuart Mill (1806-1873), James M. Buchanan (1919- ), and Mancur …
From Mill to Obama
Yesterday, President Obama briefly said that some salaries on Wall Street were more than anyone should earn. Approximately 160 years ago, John Stuart Mill responded by saying that he wanted to e…