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.
A Global Minimum Tax Rate
The Group of Seven (G7), which consists of seven wealthy democracies including Canada, France, Germany, Italy, Japan, the UK, and the US, met over the weekend to consider a ‘global minimum corporate tax rate’. A new minimum rate of at least 15% was tentatively agreed on.
Why Are Some Nations Rich While Others Are Poor?
Adam Smith (1723-1790), explained why some countries were rich while others were poor in his 1776 seminal book The Wealth of Nations. Since Smith, and despite efforts by economists and government to explain differences between wealthy and poor nations, the wealth gap continues to widen. Several factors may determine to some degree the wealth of a nation. These include, but are not limited to decentralization, corruption, democracy, education, trade, and institutions.
Are International Organizations’ Legal Personalities Legitimate?
International Organizations are assumed to possess international legal personalities that allow them to operate and represent themselves globally without the need for state authority.
Is There a Right to Immigrate?
Is there a moral right to immigrate? The philosopher Michael Huemer argued that humans have a distinct right to immigrate and that any government barring peaceful immigration was violating a basic right. He provided real life examples and analogies that help to understand the logic behind the right to immigrate.
American Freedom Institute 