All Posts Tagged With: "perverse incentives"
Why Laws Backfire
Ms. Manley is president of Commercial Tenant Real Estate Representation Ltd., Manhattan. Her articles have appeared in Harvard Business Review, Inc., and the Wall Street Journal. For thousands of years, laws everywhere have backfired. In ancient Babylon, Sumeria, Egypt, China, Greece, and Rome, for instance, price controls promoted not fairness but famine. During the twentieth [...]
1Aug1996 | Marisa Manley | 1 comment | 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 | ContinuedSeizure Fever: The War on Property Rights
Mr. Bovard is the author of Shakedown (Viking, 1995) and Lost Rights: The Destruction of American Liberty (St. Martin’s, 1994). Mass confiscation has become politically fashionable. Politicians and the courts have created an overwhelming presumption in favor of the government’s right to seize control over private land, private homes, boats, and cars, and even the [...]
1Jan1996 | James Bovard | 1 comment | ContinuedThe Immorality of Social Security
Social Security’s defenders routinely laud it in moral terms, as “our most successful program of social reform,”[1] a humane, compassionate response to the needs of the elderly. One work puts it this way: None of us knows his or her fate. Today’s good fortune can turn into tomorrow’s disability. Most of us will gradually move [...]
1Jan1995 | John Attarian | 1 comment | Continued-
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Individualism, Trade-Unions, and “Self-Governing Combinations”
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Bubbles, Malinvestment, and Higher Education
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