Efficiency vs. Equality

~ Sunday, April 8 ~
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Irrespective of the analogy chosen to describe organised crime [as firm or as government], its investment decisions strictly depend on the role played by the legal government as law-enforcer and law-maker. In this respect, the legal government’s definition of the illegal markets, and also its choice of regulation in the legal markets and of fiscal legislation, can be regarded as the most important factors in determining the areas in which the criminal organisations choose to allocate their resources.
— Gianluca Fiorentini and Sam Peltzman in “The Economics of Organized Crime”
Tags: organised crime economics quote government
~ Wednesday, January 12 ~
Permalink Tags: green technology subsidies government liberal environment jobs byebye
25 notes
~ Sunday, January 9 ~
Permalink Tags: government internet id usa nsa intelligence us commerce byebye
16 notes
~ Monday, November 29 ~
Permalink Tags: cigarettes economics government lucas critique tax tobacco microeconomics macroeconomics
2 notes
~ Wednesday, August 18 ~
Permalink Tags: unemployment insurance unemployment insurance nytimes government danish denmark social system benefits system
~ Thursday, August 12 ~
Permalink Tags: the economist cover government cato
3 notes
~ Saturday, August 7 ~
Permalink Tags: government private enterprise road management traffic lights toll public good
3 notes
~ Thursday, July 29 ~
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The more corrupt the state, the more numerous the laws.
— Tacitus, roman senator (via bushranger)
Tags: corruption laws state government tacitus
29 notes
reblogged via bushranger
~ Tuesday, July 27 ~
Permalink Tags: integrity science politics romer government white house economics
1 note
~ Thursday, July 22 ~
Permalink Tags: public transit public union government expensive wtf bus driver
6 notes