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  • Year in Review 2019: Climate Policy

    December 27, 2019
    The Trump administration this year continued to dismantle key components of President Obama’s climate policy “legacy.”
  • Best Books of 2019: Humanomics by Vernon Smith and Bart Wilson

    December 27, 2019
    Smith and Wilson combine insights from their experimental economics research with insights about human character from Adam Smith’s "Wealth of Nations" and especially his 1759 book "The Theory of Moral Sentiments."
  • Best Books of 2019: Expert Failure by Roger Koppl

    December 26, 2019
    Koppl uses the role of experts to explain the difference between approaching social problems from the top down versus from the bottom up. Koppl defines an expert as anyone who is paid for their opinion. This is not tied to any credential, degree, affiliation, or any objective measure of knowledge. If someone sees fit to pay you for your opinion on something, you’re an expert on that something.
  • Best Books of 2019: Legal Systems Very Different from Ours

    December 26, 2019
    Many years ago at a Mont Pelerin Society conference in Reykjavik, I saw David Friedman give a talk on Icelandic law during the Free State period, roughly 1000-1300 A.D., when the island had no central government. As it turns out, Free State Iceland was just one of many times and places in history that had governance without government.
  • Weighing Bad Capitalism and Good Socialism

    December 24, 2019
    Recently economics professor Walter Block of Loyola University New Orleans wrote a great op-ed for The Wall Street Journal titled “Bad Capitalism and Good Socialism.” It helps clarify some confusion about the relative merits of different economic systems and the ostensible aspects of capitalism and socialism that people most often object to.
  • Year in Review 2019: Supreme Court

    December 24, 2019
    The nature of the term ending in June 2019 was set at the end of 2018 when the cases were selected. When the term opened there were only eight justices on the court, Justice Kennedy having stepped down—Justice Kavanaugh was in the middle of a very contentious nominating process. Given this it appears the justices avoided many of the big and important issues, leaving those to the October 2019 term. But there were still some very interesting cases.
  • Best Books of 2019: The Enlightened Capitalists by James O’Toole

    December 24, 2019
    James O’Toole, a professor emeritus at the University of Southern California’s Marshall School of Business, has assembled an impressive collective history of dozens of innovative—and even visionary—business leaders in his new book, "The Enlightened Capitalists: Cautionary Tales of Business Pioneers Who Tried to Do Well by Doing Good."
  • Year in Review 2019: Transportation

    December 23, 2019
    The Competitive Enterprise Institute had a busy year in the transportation policy trenches. We worked at the federal, state, and local levels on a variety of projects. Below are selected examples of the work we did this year to inject free-market ideas into the often command-and-control world of transportation policy.
  • 2019: A Great Year for Light Bulb Freedom

    December 23, 2019
    Whatever else one may say about 2019, it was a banner year for consumer choice when it comes to light bulbs, culminating in the December 20th decision by the Department of Energy (DOE) declining to regulate them any further.  
  • This Week in Ridiculous Regulations

    December 23, 2019
    Congress finished the year with a bang. In a two day span the House impeached the president and passed the USMCA trade agreement. Both chambers passed a massive spending bill to fund the government through next September. The 2019 Federal Register also surpassed 70,000 pages. Meanwhile, agencies published new regulations ranging from bunker fuel to irradiated drugs.

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