Should we pay children to read books or to get good grades? Should we allow corporations to pay for the right to pollute the atmosphere? Is it ethical to pay people to test risky new drugs or to don
A renowned political philosopher rethinks the role that markets and money should play in our society Should we pay children to read books or to get good grades? Should we put a price on human life
What's wrong with markets in everything? Markets today are widely recognized as the most efficient way in general to organize production and distribution in a complex economy. And with the collapse of
For many, markets are the most efficient way in general to organize production and distribution in a complex economy. But what about those markets we might label noxious--markets in addictive drugs, s
Leading international economists offer new insights on recent developments in the economic analysis of the limits of insurability, with particular attention of adverse selection and moral hazard. Ri
