John Kenneth Galbraith, the much-feted economist, once said that the only function of economic forecasting is to make astrology look respectable. That may have been a bit harsh, but one of the things ...

We should have learned the painful lesson by now: Genuine, inclusive, and sustainable economic development is only possible when a nation is governed well. We should no longer be fooled into thinking ...

Last week in my Principles course, we discussed the economic functions of government. Most textbooks will list about a half dozen of these, and it's always fun to talk about them in class. It's a ...