Archive for Richard B. McKenzie
Raising the Minimum Wage Will Do No Harm? It Just Aint So!
Richard McKenzie is a professor of economics and management in the Merage School of Business at the University of California, Irvine. He is coauthor (with Dwight Lee) of In Defense of Monopoly: How Market Power Fosters Creative Production, forthcoming this year.
President Bush and the Democratically controlled Congress had all but done it. As this goes [...]
Another Minimum-Wage Clash
Richard McKenzie teaches economics in the Graduate School of Management at the University of California, Irvine.
It happened again. Republicans and Democrats recently locked political horns over President Clinton’s proposed one-dollar increase in the minimum wage. The political partisans repeated past claims with self-righteous fervor, but once again were off base on the consequences of [...]
The Foundations of Political Disarray: Lessons from Professor Hayek
Dr. McKenzie is Professor of Management in the Graduate School of Management at the University of California, Irvine, and an adjunct fellow at the Center for the Study of American Business in St. Louis.
The late Friedrich Hayek, who spent his career explaining why centrally directed economies are bound to fail, started one of his [...]
The Thomas/Hill Hearings: A New Legal Harassment
Richard McKenzie is Walter B. Gerken Professor of Enterprise and Society in the Graduate School of Management at the University of California, Irvine, and John 34. Olin Adjunct Professor in the Center for the Study of American Business at Washington University, St. Louis.
Like millions of other Americans, I was drawn to the television to [...]
Mandated Benefits: The Firm as Social Agent of the State
Professor McKenzie teaches in the Economics Department at Clemson University. This article is adapted from his Cato Institute book, The American Job Machine (New York: Universe Books, 1988).
There is a growing movement in Congress to force businesses into providing a wide range of employee benefits. These benefits include mandated health insurance for employees and [...]
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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
