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Robert L. Bradley Jr.

Political Enron: Its Behavior and Spirit

Robert L. Bradley Jr.
April 7, 2014

Although the defunct corporation Enron had many supporters in its heyday, today everyone is a critic. But the criticisms vary widely. Some see Enron as the quintessential capitalist corporation whose managers embodied a capitalist ethos. Author Robert L. Bradley Jr., himself a former Enron employee, sees it differently. Economically, according to Bradley, Enron "was a model of industrial policy, corporate 'liberalism,' and neo-mercantilism." Psychologically, it was a model of "illusionism, subjectivism, perceptionism--philosophic fraud." Read on to see how he makes his case.
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Arnold Kling

Exit, Voice, and Ignorance

Arnold Kling
April 7, 2014
Arnold Kling looks at Ilya Somin's Democracy and Political Ignorance, which privileges "exit" over "voice" as a strategy for making choices in a democracy. While Kling agrees with both Somin's premise and conclusion, he shares his concern about possible interpretations and about civic education generally. What would democracy be like were we to solve the problem of civic ignorance? What Kling has to say may surprise you.
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REFLECTIONS FROM EUROPE

Anthony de Jasay

Two Horses, Four Grooms

Anthony de Jasay
April 7, 2014
How much influence does the state have over an individual's autonomy? Does the state protect your liberty, acting (only) at your command? This month, de Jasay takes a closer look at the governance of France, noting some peculiarities from its history which may help explain its situation today. Read on in Anthony de Jasay's column at
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AN ECONOMIST LOOKS AT EUROPE

Pedro Schwartz

Poverty and Inequality

Pedro Schwartz
April 7, 2014
In this month's column, Pedro Schwartz shares his recent revelation regarding the interrelationship between poverty, inequality, and economic growth. He explores the Millennium Development Goal of halving world poverty, suggesting flaws in some measures and insights from others, concluding that the level of absolute poverty in the world has happily declined dramatically.
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