Climate change is one of the most pressing issues of our time. The negative consequences of a warming planet – from rising sea levels and extreme weather events to crop failures and extinction of species – threaten to undermine the well-being of current and future generations.
The Intersection of Marijuana Legalization and Financial Stress in Cities: A Public Finance Perspective
In this blog post, we will explore the link between the likelihood of marijuana businesses being permitted in a city’s jurisdiction and the level of financial stress being experienced by the city.
Understanding the economics of bureaucracy: The implications of William Niskanen’s theory on public policy
William Niskanen, an economist and public policy expert, is known for his theory on the economics of bureaucracy. He argues that bureaucracy is not a neutral and efficient agent, but rather a rational, self-interested agent that maximizes its own budget and power, rather than serving the public interest.
Adam Smith and the Invisible Hand
In this blog post, we will examine Adam Smith's view and understanding of the visible hand in relation to the invisible hand and negative externalities.