Archive for Art Carden
Art Carden teaches in the department of economics business at Rhodes College.
Profit is Bad for Your Health?
Many self-styled healthcare “reformers” favor a “public” (read: government) insurance option. The advantage of the government plan, President Obama said, is that “there wouldn’t be a profit motive involved.” Some supporters hoped the public option would be a step toward a single-payer government-run system in which the profit motive would disappear entirely from healthcare decisions.
Suspicion [...]
The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives
Without private property rights, people have incentives to overuse an asset. Conflicting private property rights, on the other hand, create a “tragedy of the anti-commons” in which resources are underused, according to Michael Heller. In The Gridlock Economy, he treats the reader to a compelling array of examples of the tragedy of the anti-commons in [...]
19Aug2009 | Art Carden | 0 comments | ContinuedThe Great Depression and World War II
What about World War II? Did it end the Great Depression? More generally, is war good for the economy? I answer both in the negative and borrow here from Ludwig von Mises: “War prosperity is like the prosperity that an earthquake or a plague brings.” As Higgs points out, because of the array of interventions in the wartime economy, war materiel was valued incorrectly and therefore the GDP data overstate economic conditions. Moreover, conscription and arms production gave a misleading employment picture
21May2009 | Art Carden | 5 comments | Continued-
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Book Reviews
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
