All Posts Tagged With: "Gary Becker"
How Free Markets Break Down Discrimination
One of my favorite lines in the classic movie The Magnificent Seven comes when a traveling salesman and his partner offer to pay the local undertaker to haul a dead Indian to boot hill. The undertaker refuses. He’d like to oblige, he explains, but the townsfolk are so prejudiced against burying Indians alongside whites that [...]
1Apr2008 | David R. Henderson | 3 comments | ContinuedChicago Gun Show
Now John R. Lott, Jr., until recently the John M. Olin Law and Economics Fellow at Chicago, is making the case that a well-armed citizenry discourages violent crime.
Gary Becker has showed that increasing the cost of crime through stiffer jail sentences, quicker trials, and higher conviction rates effectively reduces the number of criminals who rob, steal, or rape.[3]
1Oct1999 | Mark Skousen | 0 comments | ContinuedCan Government Deliver the Goods?
Hugh Macaulay is Alumni Professor of Economics Emeritus at Clemson University. Students in their first course in economics learn that every country faces three problems that it must resolve. What goods will be produced? How will it produce these goods? and, who will get the goods produced? Since the questions deal with economic matters, it [...]
1Jan1999 | Hugh Macaulay | 0 comments | ContinuedInsurance Redlining and Government Intervention
Gary Wolfram is George Munson Professor of Political Economy at Hillsdale College in Michigan. Redlining has been a topic of public policy debate and action for several years. Figuring most prominently in the provision of real estate and mortgage services, it has now spilled over into the provision of insurance. Unfortunately, policy recommendations have generally [...]
1Jun1997 | Gary Wolfram | 0 comments | ContinuedWho Is Henry Spearman?
What makes these mysteries fascinating is the ingenious way the writers incorporate basic principles of economics to solve the murders. Marginal utility, the law of demand, consumer surplus, opportunity cost, profit maximization, game theory, and Adam Smith’s invisible hand all play a part in advancing the stories and ultimately catching the culprits.
1Jun1996 | Mark Skousen | 1 comment | Continued-
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