by Mario Rizzo This my letter as it appears in today's Financial Times (July 10, 2013): Sir, John Kay (“Darwin’s humbling lesson for business”, July 3) makes good points about evolutionary theory and the social sciences. But he is wrong about Herbert Spencer, the noted English philosopher and evolutionist. Spencer was not a Darwinist of … Continue reading In Defense of Herbert Spencer
by Mario Rizzo There is an interesting interview with Ed Feulner, the outgoing president of the Heritage Foundation, in the weekend (Dec. 8-9) Wall Street Journal. The interview got me thinking about the progress made in the pro-economic-liberty cause, not only over the years of Heritage, but since, say, 1960. I choose this year deliberately … Continue reading Interests are More Powerful than Ideas?
by Mario Rizzo There are at least two kinds of opponents of the welfare state. There are those who think it has gone too far because, for example, it is very expensive, counterproductive, reduces incentives for economic initiative, depresses general economic growth, and may cause an unsustainable debt burden. You can count many economists in … Continue reading Welcoming the Bankruptcy of the Welfare State