Whom Does Licensing Protect?

Our Ethics and Economics Challenge program is using a new economics text this year, Common Sense Economics. We learned recently about the reasons why two particular kinds of government regulation — price controls and entry restrictions — are especially likely to cause harm. Price controls cause shortages or surpluses, while entry restrictions reduce competition. One kind of entry restriction is […]

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We Are All “Outsourcers”

Though it is barely out of its lexicographic swaddling clothes, the term “outsourcing” is among the most loathed words in the world. Defending it ranks almost as high as attacking baseball and apple pie on the list of sociological wrongs. But many of those who despise the notion of “sending work overseas” might be surprised to discover that they, too, […]

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The Notorious “B-I-G” Business…

In many societies, there is a widespread antipathy of monopoly. The “little guy” is seen as noble, while the “big business” is to be feared or viewed with suspicion. “David” is the protagonist. “Goliath”: nemesis. But in the field of economics the sentiment invites important questions, questions that offer surprising and fascinating answers. For example, what does the term monopoly […]

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“Thanksgiving, Ethics, and Economics” or “Why The Lesson of Plymouth Plantation Lasts Longer Than One Day in November”

On December 9, 2015, as students reconvened with E3NE following their Thanksgiving break, we decided to reflect on history, and how it provides lessons in ethics and economics. But first we needed to define a few terms, and keep our eyes peeled for a few others that would be important for the future and intellectual growth. I asked the students […]

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