The 'Degrowth' Mentality Promises a World of Poverty and Misery
Market-based economies create incentives that unleash human creativity and provide incredible abundance.
Market-based economies create incentives that unleash human creativity and provide incredible abundance.
Three American economists win Nobel Economics Prize for showing how free markets and democratic governance engender prosperity.
George Norcross III's alleged actions are almost cartoonishly corrupt. But for economic development programs, it's not too far off from business as usual.
A report from Good Jobs First found that 80 percent of state development agency revenue comes from fees: The more tax money they give out, the more they get to keep.
Copper Peak revitalization was pitched as an economic development project for the Upper Peninsula, which already has two working ski jumps.
Smokestack-chasing is out. A diversified economy based on environmental protection is in. But will it work?
The tax credits currently rank as the largest subsidy in state history.
According to a report from Good Jobs First, St. Louis' public schools took the brunt of the loss at nearly 65 percent of the total.
The statistic, compiled by watchdog group Good Jobs First, only takes into account "megadeals" involving at least $50 million in subsidies.
The bulk of the employees may be able to find work elsewhere within the company, but the state could still be on the hook for the promised cash.
If states insist upon giving away taxpayer money to private companies, the least they can offer in return is transparency.
Q&A with the author of the book Elon Musk calls "an excellent explanation of why capitalism is not just successful, but morally right."
But will it solve the team's attendance woes? Probably not.
Apparently $600 million to improve a very nice stadium isn’t enough.
Alex Gladstein on how "monetary colonialism" has crippled the Third World
A good example of why so few stadium deals end up on the ballot.
In a new report, the Center for Economic Accountability analyzed economic development data from all 50 states and the District of Columbia, and there's very little to show for billions in annual spending.
Land use policies explain the battles over everything from the Great Recession to abortion to Donald Trump.
The U.S. remains the top destination for the world's immigrants—but it must be careful not to squander its immigration advantage.
Rivian, an electric truck manufacturer that hopes to compete with Tesla, received a lucrative deal to build a new factory in Georgia despite concerns about its finances.
Eventually the player realizes nothing is getting built and quits.
The president has touted a factory jobs boom. In practice, that means forcing people out of their homes to benefit corporate projects that rely on billions of dollars of subsidies.
Cruel NIMBYism hides in call for historic preservation.
Liberal ideas are beginning to gain traction on the world's poorest continent.
President Donald Trump and Gov. Scott Walker promised thousands of jobs in return for billions of dollars in subsidies from the state. More than two years later, there's little to show for it.
The symposium includes contributions by Adam Thierer, Mikayla Novak, Max Borders, and myself. The relationship between exit and voice is as important an issue as ever.
Event production is one of the less visible victims of the virus. Recreating their services when such companies die won't be easy.
The Taiwan-based tech company promised to open "innovation centers" in several cities around the state. But now those are on hold, too.
Milton Friedman famously observed that "nothing is so permanent as a temporary government program." The rare demise of a government program, it seems, is temporary too.
Economists debunk the state government's claims about the size of the film industry.
A local development study didn't evaluate whether government incentives had anything to do with a business's decision to invest.
And the Pennsylvania state lawmaker who wrote the law is now the judge who hears a lot of the cases.
It should be of great interest to anyone who follows debates over immigration.
Across the country, minor league teams are exploiting civic enthusiasm for small town sports.
Fool me once, shame on you. Fool me twice, shame on Oregon's economic development agency.
Foxconn is reconsidering its plans to build a manufacturing facility that was supposed to create 13,000 blue collar jobs.
The stadium never turned a profit and the team skipped town when local officials decided to start charging rent.
But none of it is a substitute for developing a robust and vibrant economy. And neither is landing a single big employer like Amazon.
But Amazon's decision to put it's new headquarters in Arlington and Queens also shows it wasn't all about the money.
Looks like Scott Walker got Foxconned
Absolute losses increased, but the proportion of losses relative to global GDP has dropped
A worker-owned co-op that even a capitalist could love is washing linens for the Cleveland Clinic and growing vegetables for the city.
The Peruvian economist says blockchain technologies and social media will transform the planet by securing property rights.
"How bad will climate change be? Not very."
(You don't really have to shut up, but here's my money.)
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