All Posts Tagged With: "harold demsetz"
From Economic Man to Economic System: Essays on Human Behavior and the Institutions of Capitalism
Harold Demsetz is among the ten most frequently cited economists in the world. What makes him worth reading is that he has made his mark not through virtuosity with empty formalism but rather by careful reasoning about fundamental questions and evidence. His latest book, From Economic Man to Economic System, continues that tradition.
Demsetz considers a [...]
Bad Regulation Drives Out Good
In 1969 economist Harold Demsetz identified a flaw in much public policy analysis, the “Nirvana Fallacy”:
“The view that now pervades much public policy economics implicitly presents the relevant choice as between an ideal norm and an existing ‘imperfect’ institutional arrangement. This nirvana approach differs considerably from a comparative institution approach in which the relevant choice is [...]
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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
