All Posts Tagged With: "moral hazard"
Aid, Trade, and Institutional Quality in Africa
Joshua Hall is pursuing his Ph.D. in economics at West Virginia University. Matthew Hisrich is a senior policy fellow with the Flint Hills Center for Public Policy in Kansas. Screenwriter Richard Curtis received a great deal of attention for his 2005 movie The Girl in the Café. The film was the big-screen component of the [...]
1Jan2007 | Joshua C. Hall | 0 comments | ContinuedPensions: A Wordwide, But Avoidable Crisis
Almost every country in the economically advanced world is worried about nationalized pensions. American statisticians have some grisly fun predicting on what day of the week and in what year the Social Security system will finally go bust. Or whether Medicare will be broke first. And most young Americans think that there is as much chance of picking up Social Security when they retire as there is of a sighting of Elvis.
1Oct2003 | Norman Barry | 0 comments | ContinuedThe Positive Nature of Risk
Christopher Mayer is a commercial loan officer and freelance writer. There would be no risk if the future were known and all of one’s plans played out exactly as expected. Because of pervasive uncertainty, a variety of risks permeates all human endeavors. It is a common human desire to want to feel secure, to want [...]
1Aug2001 | Christopher Mayer | 0 comments | ContinuedThe Never-Ending Welfare Debate
Norman Barry, a contributing editor of Ideas on Liberty, is professor of social and political theory at the University of Buckingham in the UK. He is the author of An Introduction to Modern Political Theory (St. Martin’s Press). After a long struggle, a “revolutionary” welfare reform bill, the Personal Responsibility and Work Opportunity Reconciliation Act [...]
1Mar2001 | Norman Barry | 5 comments | ContinuedThe Economic Consequences of Rolling Back the Welfare State
It took America’s professional politicians little more than three decades to spend more than $5.5 trillion on welfare programs for their constituents. Looking back, we know the results have not been pretty: work incentives were stood on their head by moral hazards created by government largess. Millions of able-bodied people have been trapped in poverty [...]
1Sep2000 | David L. Littmann | 0 comments | ContinuedTaxpayers at Risk
Doug Bandow, a nationally syndicated columnist, is a senior fellow at the Cato Institute and the author and editor of several books, including Tripwire: Korea and U.S. Foreign Policy in a Changed World. It was too good to last. For several weeks Washington stayed aloof from the economic problems recently besetting Southeast Asia. Officials who [...]
1Feb1998 | Doug Bandow | 0 comments | ContinuedEconomics, Law, and Personal Relationships
David Laband is a professor of economics at Auburn University, Auburn, Alabama. John Sophocleus is an instructor in Auburn’s economics department. Two recent, headline-making judicial decisions in civil cases offer striking reminders about why judges, juries, and legislators would benefit from instruction in basic economic principles. The decisions rendered in these cases involving personal relationship [...]
1Jan1998 | David N. Laband | 1 comment | ContinuedWho Pays the Price for Motherhood?
Ross Levatter, M.D., is a physician who writes often on economics and political issues; Rebecca Geshelin is a financial director with an applied economics background. The authors thank David Dorn for providing details of the appropriate federal laws and regulations. Congress, with President Clinton’s approval, recently mandated that health maintenance organizations (HMOs) permit women giving [...]
1Jan1998 | Ross Levatter | 0 comments | ContinuedInsurance: True and False
Mr. Rockwell is president of the Ludwig von Mises Institute in Auburn, Alabama. The movie classic Double Indemnity tells the story of a couple’s attempt to commit murderous insurance fraud. Their plans were foiled through the investigation of a hard-bitten insurance executive. At the time, audiences were shocked that a middle- class couple would attempt [...]
1Apr1996 | Llewellyn H. Rockwell Jr | 0 comments | ContinuedThe U.S. Banking Debacle of the 1980s: A Lesson in Government Mismanagement
Dr. Kaufman is the John Smith Professor of Banking and Finance at Loyola University of Chicago, and is Co-Chair of the Shadow Financial Regulatory Committee. This paper is a shortened version of a longer paper presented at the International Conference on Bad Enterprise Debts in Central and Eastern Europe in Budapest, Hungary on June 6-8, [...]
1Apr1995 | George G. Kaufman | 0 comments | Continued-
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