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Greece is broke, and so is democracy
Appeared in the Globe and Mail It is often the role of the economist to point at the impending doom with which reality confronts our fondest wishes. For that reason Thomas Carlisle referred to economics as the dismal science. It is made the more dismal ...
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The Changing of the Guard in Hong Kong
Next week the Chief Executive of Hong Kong, C.H. Tung, will appoint a new Chief Secretary for Administration following the recent resignation of Mrs. Anson Chan Fang on-sang. The perception that disgruntled Marxist meddlers in Beijing may be behind the ...
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Freedom Democracy and Economic Welfare
In 1962 Milton Friedman, with Rose Friedman, published Capitalism and Freedom. This book contained the conjecture that there was a fundamental relationship between political freedom and the reliance on markets for the conduct of economic activity. Without ...