Bruce Yandle is a distinguished adjunct fellow with the Mercatus Center at George Mason University and dean emeritus of the Clemson University College of Business and Behavioral Science.
While environmental quality has been enhanced markedly, the presence of command-and-control has made the environmental journey slower and more costly than it might have been otherwise.
This situation is evolving, and each day brings more information about the devastating coronavirus and our economy’s adjustment to it, along with other events that both beset and stimulate us. At this reading, 2020’s economic prospects are bleak. Indeed, we are currently in tough recession territory.
The U.S. coronavirus contagion began in February, is accelerating in mid-March, and is just now being confronted with major city, state, and industry closings. If we experience a 10-week long economic disturbance like China’s, then we will see sharply negative GDP growth effects for part of February, all of March, part of April and maybe…
Woman may become the dominant force in law and medicine, but men will apparently play the heavier role in engineering for the near-term.
China’s decision to lower the tariffs it earlier imposed on U.S. goods, largely in response to Trump administration tariffs aimed at China, will help refill shelves for Chinese consumers and assist producers as they struggle to regain footing.
Investing in brands, or what economists call reputational capital, is critically important for organizations that hope to be successful in the marketplace. A firm’s brand can give life and meaning to its products and services, and when consumer experiences with the brand are consistent with expectations, a brand can engender trust and respect. What about…
Many problems we see in society are chiefly about us, not our elected officials. They are a reflection—distorted for better or worse—of who we are.
U.S. Steel’s recently announced plant closings and major employment cutbacks highlight how trade wars can end up hurting the very industries and firms they are supposed to help. They also highlight how the rest of society can struggle with the resulting chaos. The firm, which is somewhat synonymous with “Big Steel,” indicates it will lay off some…
It’s crazy season, that special time on the American calendar when aspiring candidates for the nation’s highest office try to outdo each other in an effort to attract more voters to their platforms. This time around, background support is provided by a virtual anvil chorus of anti-capitalism clatter. Senator Elizabeth Warren, for example, frequently unleashes…
Freedom goes down when tariff revenues go up. It’s high time we revisited the Declaration of Independence and renewed our commitment to freedom.