Opinion | Who Ever Said Magazines Need to Be Ink on Paper?
Bowing to financial reality, Bloomberg Businessweek is going monthly.
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Bowing to financial reality, Bloomberg Businessweek is going monthly.
Robert E. Lucas Jr., a contrarian Nobel laureate in economics who undergirded conservative arguments that government intervention in fiscal policy is often self-defeating, died Monday in Chicago. He was 85.
Challenging the theories of John Maynard Keynes, he questioned the idea that government intervention could help steer the economy.
Corruption is a symptom, not the root, of the problem. Theperceived problem is unethical or corrupt private-sector behavior;the real problem is government action and regulations that causesuch behavior. The optimal solution is economic freedom with astrong rule of law to foster a culture of investment, job creation,and institutional respect, all of which are essential factors inmassively improving living standards.