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Kathryn Shelton Richard B. McKenzie

The California Water Crisis: Policing vs. Pricing?

Kathryn Shelton and Richard B. McKenzie
September 1, 2014

The reason Californians are suffering through a drought is that there's been so little rain, right? But, as Kathryn Shelton and Richard B. McKenzie point out, there's no drought of Snickers or Mercedes in California. What's the difference? Prices. Prices of Snickers and Mercedes are not set artificially low. Prices of water in California are. Raise water prices enough and people will cut out the least valuable uses and we won't run out of water. Problem solved. Basic economics works.
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Arnold Kling

American Health Care as Viewed by an Entrepreneur

Arnold Kling
September 1, 2014
This month, Arnold Kling looks at a new book co-authored by Jonathan Bush, nephew and cousin to the Presidents Bush. Having co-founded a software firm for health care providers, Bush offers an entrepreneur's view of the problem in the American health care system. Even with his "insider" status, Bush found it hard to get things done, a result which factors into his critique. Kling finds his analysis relevant, although short in its specific policy proposals.
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FEATURED COLUMNS

AN ECONOMIST LOOKS AT EUROPE

Pedro Schwartz

Europe in Disarray

Pedro Schwartz
September 1, 2014
This month, Pedro Schwartz turns with concern to the disarray in the European Union, which is under new leadership. Schwartz considers the new promises being made, the original promise of the European Union, and the continued resistance of the British.
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THINKING STRAIGHT

Anthony de Jasay

Double-Counting: Stop It, Please!

Anthony de Jasay
September 1, 2014
Anthony de Jasay explores the relationship between rights and freedom in this month's column. He rejects the common distinction between positive and negative freedoms, arguing that all freedoms are fundamentally negative in nature. But even more important is the false association of freedoms with rights, suggesting that equating the two is a dangerous example of double-counting. Stating freedoms as rights in fact, argues de Jasay, only weakens these freedoms.
MORE ARTICLES BY ANTHONY DE JASAY