Archive for J. R. Clark

J. R. Clark holds the Probasco Chair of Free Enterprise at the University of Tennessee at Chattanooga.

Making Social Security More Harmful

Social Security is a fundamentally flawed system. If a private firm offered such a retirement system and made the same claims for it that the federal government makes for Social Security, that firm would quickly become a poster child for corporate fraud, and its managers would soon be convicted of criminal charges. There are two [...]

1Oct2008 | and and J. R. Clark | 3 comments | Continued

Distrust and Verify

Perhaps the most positive legacy of the Clinton administration will be that it further eroded the public’s trust in the federal government. Trust has declined significantly since the Great Society programs of the Johnson administration. According to University of Michigan surveys, the number of people who responded that the federal government does what is right [...]

1Feb1999 | and and Dwight R. Lee | 3 comments | Continued

Managing Dissonance in the Iron Triangle

Economists have recently found the psychological theory of cognitive dissonance useful as a means of explaining certain economic behaviors and rationalizing a variety of public policies. Developed by Leon Festinger in 1957, the theory provides a framework for analyzing the psychological discomfort that may occur after a choice has been made and alternatives are forgone. [...]

1Oct1996 | J. R. Clark | 0 comments | Continued
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