I have an article in the latest issue of the Cato Journal. The issue is in honor of Richard Vedder's 50+ years of public policy research. My article explores the relationship between economic freedom and economic performance across the U.S. states and Canadian provinces over the period 1980-2010, finding that economic freedom is associated with higher levels of income per capita, lower unemployment rates, and more income inequality.
The article is entitled "Subnational Economic Freedom and Performance in the United States and Canada" and is available here.
A few days ago, I posted a link to Jim Pierson's analysis of the recent ruling by the NLRB that Northwestern University football players could unionize. George Leef, writing for Forbes, argues that proceeding down this path would impose a major cost on non-athlete students and taxpayers because nobody owns universities and most college athletics programs do not make a profit. College athletics reformers would likely welcome this development as it would provide them more ammo to reprioritize education as the primary objective of colleges.
Investment Banker Kevin O'Leary (aka Mr. Wonderful) explains why job creation and economic growth require less government, not more.
Jason Russell summarizes recent economic research related to the potential costs and benefits of liberalization of immigration policy in an article for the Manhattan Institute's e21. As Russell suggests, recent research suggests that immigration liberalization will likely enhance growth and job creation. Of particular interest is a new NBER paper by Andri Chassamboulli and Giovanni Peri that simulates the potential impact of various immigration policies on native employment, finding:
"policies increasing deportation rates have the largest negative effect on employment opportunities of natives. Legalization, instead has a positive employment effect for natives. This is because repatriations are disruptive of job matches and they reduce job-creation by US firms. Legalization instead stimulates firms' job creation by increasing the total number of immigrants and stimulating firms to post more vacancies some of which are filled by natives."
Assistant Professor of Economics at Patrick Henry College.