We should have learned the painful lesson by now: Genuine, inclusive, and sustainable economic development is only possible when a nation is governed well. We should no longer be fooled into thinking ...

Last week in my Principles course, we discussed the economic functions of government. Most textbooks will list about a half dozen of these, and it's always fun to talk about them in class. It's a ...

Economic productivity—the efficiency with which societies transform labour, capital, energy, and other natural resources into new goods or services—is a key outcome in any society because it has a ...

Discover how antitrust laws encourage market competition and prevent monopolies across industries, focusing on mergers, ...