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FEATURED ARTICLES

Hooper's Law of Drug Development

Charles L. Hooper
August 7, 2017

Moore's Law says that the number of transistors squeezed onto integrated circuits doubles every two years. That's the good news. Hooper's Law says that drug development costs double every decade. Why? This month's author, pharmaceutical consultant Charles L. Hooper, says it's because the U.S. Food and Drug Administration is steadily increasing the cost per clinical trial participant and the number of required participants per clinical trial.
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Arnold Kling

Lessons from The Best and the Brightest

Arnold Kling
August 7, 2017
This month, Arnold Kling reflects on one of the most profoundly influential books he's ever read, David Halberstam's The Best and the Brightest. Written about the political experience of the Vietnam War, the book documents political events in which Kling sees many enduring lessons, and one in particular he'd like the current U.S. administration to heed.
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FEATURED COLUMNS

THINKING STRAIGHT

Anthony de Jasay

The Four Who Would Direct the World

Anthony de Jasay
August 7, 2017
In the aftermath of World War II, Franklin Roosevelt, Stalin, George Marshall, and, later, Ronald Reagan charted the course for the world. But who has inherited that mantle today? This month, Anthony de Jasay nominates the four he thinks would direct our world in the days to come.
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AN ECONOMIST LOOKS AT EUROPE

Pedro Schartz

Having Tea with the Queen

Pedro Schwartz
August 7, 2017
Pedro Schwartz celebrates the recent state visit of the King of Spain to London. Has he gone soft in the head? Not when you regard this visit in the political and historical context Schwarz provides.
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