Day: October 3, 2001

Archive

Admit defeat and legalise drugs – Nobel laureate economist

Despite the billions of taxpayer dollars spent to prosecute the War on Drugs in America and elsewhere, many experts have concluded that that effort has failed. Nobel laureate economist Gary S. Becker has recently written about the debate over cutting the losses and legalising drugs.

He argues legalisation should be

Read More »
Archive

Human capital helps economies recover from disasters

Economists are being asked what the total economic impact of the destruction and disruption in business activity caused by the terrorist attacks in the U.S.A will be. They are looking to past experience with wars and natural disasters for answers.

Most research finds that natural disasters like earthquakes and hurricanes have

Read More »
Archive

Nuclear weapons as a deterrent to state-sponsored terrorism

Nuclear weapons showed their deterrence capability both in the Cold War and since, says physicist C. Paul Robinson – interviewed by the National Journal before the September 11 attack.

During the Iran-Iraq War, Saddam Hussein killed tens of thousands of people using chemical agents. Robinson, former head of the U.S. nuclear

Read More »
Archive

Islam and free market capitalism

Contrary to popular belief, the hatred of capitalism behind the terrorist World Trade Centre bombing does not come from Islam. Indeed, one could argue that Islam is the most pro-business of all the world’s major religions.

The Prophet Muhammad was a businessman who engaged in extensive commerce before devoting himself exclusively

Read More »
Archive

Diabetes in adults is preventable in ninety percent of cases

More Americans are overweight and, as a result, more are getting diabetes, according to new studies. Being overweight is the most important risk factor in developing adult-onset (type 2) diabetes, say researchers.

Researchers say that 56.4 percent of American adults were overweight in 2000, compared with 45 percent in 1991.

Read More »
Archive

Terrorism and encryption technology

The terrorist attack on the U.S. has led to renewed calls for law enforcement agencies to have “backdoor” access to e-mail messages and other documents encoded with cryptographic software. This would require manufacturers to give the government “keys” that would fit “locks” in encoded messages. But computer scientists

Read More »
Archive

Small government and high economic growth go hand in hand

How much does a country rely on personal choice and markets rather than government budgets and political decision-making? To actually develop and grow, ‘developing countries’ obviously cannot afford the dubious benefit of big government in the style of slow-growing European welfare states, and large government may comfort nobody but civil

Read More »
Archive

Long waiting lists for public health-care in Ireland

Ireland’s hospital waiting list system is “flawed, inequitable and in need of reengineering,” according to a report from a group of management specialists, says the British Medical Journal.

Countries with national health systems use waiting lists to ration health care. In addition to waiting lists, there are often “unofficial” waiting lists

Read More »
Archive

Cost of evolution runs into billions

Humans are causing evolution on a grand scale – and it is costing us hundreds of billions of dollars each year, says a Harvard University biologist. The sooner we realise it, he says, the sooner we can slow evolution down.

Every time a strain of bacteria becomes resistant to an antibiotic,

Read More »