The new economy, in which technology enables companies to make
things faster and cheaper, is on track, and even speeding up as
the economy pulls out of the recession, according to Labor
Department figures.
The Labor Department reports that productivity rose at an 8.6 percent annualized rate for the first quarter of 2002
If New Zealanders want better housing, health care and education, and to retain highly skilled workers and protect the environment, the country needs economic growth, says Reserve Bank Governor Don Brash.
Extensive economic reforms have reduced the net public sector debt from over 50 percent of Gross Domestic Product
Some U.S. cities have adopted time-of-day pricing to their congested commuter highways raising tolls during peak traffic hours and reducing tolls during slack periods.
But for political reasons the practice isn’t universally accepted. The American Automobile Association, for example, lobbies against applying the law of supply and demand to road
Union officials often contend that higher levels of unionism benefit workers who are not union members because wages are higher for both union and non-union workers where unions are stronger. However, research shows that strong unions do not raise living standards, but are associated with higher tax rates.
The latest
Market forces appear to be at work on coral reefs, where fish that perform a cleaning service risk losing customers if they get sloppy. Scientists studying these fish conclude that healthy competition is sometimes important in ecology, helping to stabilise co-operation between species.
Researchers have seen a free-market economy at work
The Convention on Biological Diversity was enacted nine years ago to conserve the diversity of species on earth, while allowing their exploitation for such things as new medicines. However, biologists say the international agreement is seriously impeding biologists’ efforts to catalogue and comprehend those species.
Scientists complain that the treaty
Drug research companies are fleeing Europe for the United States, says the Wall Street Journal, warning against the type of regulations and price controls that have made it unprofitable for them to remain there.
In 1990, the U.S. had only 70 percent of the investment in pharmaceutical research that Europe did;
Lately, the U.S. Department of Energy (DOE) has been open to all suggestions as to how to deal more effectively with nuclear waste. Small private companies have become involved in the research since the market for a solution is incredibly vast, comprising not only U.S. sites, but sites in
It’s a suggestion to make a supply-sider gasp: the Federal Reserve (Fed) should raise interest rates and do so now.
Anti-inflation watchdogs agree with supply-siders that Fed monetary policy was unduly tight but they are warning that more recently the Fed has erred on the side of over-inflation.
Development economist Peter Bauer died on May 2, shortly after it was announced he was the first recipient of the $500,000 Milton Friedman Prize for Advancing Liberty.
He did his most important work during the immediate post-war era, in which the intellectual climate favoured government planning. In Europe, virtually all countries
