Sunday , August 25 2019
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Some Links

Summary:
My Mercatus Center colleague Adam Thierer explains how regulation by government wrecks innovation. A slice: A new NBER working paper, “The Failure of Free Entry,” finds that “regulations and lobbying explain rather well the decline in the allocation of entry.” Economists Germán Gutiérrez and Thomas Philippon show that, “regulations have a negative impact on small firms, especially in industries with high lobbying expenditures.” Their results also document how regulations, “have a first order impact on incumbent profits and suggest that the regulatory capture may have increased in recent years.” Phil Magness documents some of the many misuses by universities of donors’ dollars. Issac Orr offers evidence of how capitalism protects the environment. Also on economic growth and the

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My Mercatus Center colleague Adam Thierer explains how regulation by government wrecks innovation. A slice:

A new NBER working paper, “The Failure of Free Entry,” finds that “regulations and lobbying explain rather well the decline in the allocation of entry.” Economists Germán Gutiérrez and Thomas Philippon show that, “regulations have a negative impact on small firms, especially in industries with high lobbying expenditures.” Their results also document how regulations, “have a first order impact on incumbent profits and suggest that the regulatory capture may have increased in recent years.”

Phil Magness documents some of the many misuses by universities of donors’ dollars.

Issac Orr offers evidence of how capitalism protects the environment.

Also on economic growth and the environment is Ronald Bailey.

My Mercatus Center colleague – and GMU Econ alum – James Broughel reveals how we economists sometimes lie to ourselves.

David Bier applauds Sen. Rand Paul’s proposed Backlog Elimination, Legal Immigration, and Employment Visa Enhancement (BELIEVE) Act.

Bruce Yandle laments Uncle Sam’s fiscal imprudence.

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Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

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