Articles / November 12,2021

Markets certainly aren’t immune to failure–however, many economic models exploring “market failure” and classic textbook examples criticizing free-markets utilize unrealistic models that underrate the innovations of real-world capitalism, and which simultaneously overrate the ability of political saviors. In this lesson, Dr. Laffer dissects the flaws...

Video / November 12,2021

[embed]http://www.youtube.com/watch?v=XJR96cjROz0&ab_channel=OxfordUnion[/embed] The Oxford Union is a prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. Since 1823, the Union has been promoting debate and discussion not just in Oxford University, but across the globe. Dr. Laffer addressed the Oxford Union to...

Articles / September 08,2021

Regardless of a country’s natural resources, culture, or education, the institutions it has in place are far more significant in explaining its economic development. Countries with secure private property rights, the rule of law, and free markets tend to have higher per capita incomes and...

Articles / August 10,2021

Everybody knows that the government spends a whole lot more money doing the same job than the private sector would—and usually doesn’t do as good a job.  This pattern isn’t just a coincidence. There are straightforward reasons for the tendency of government interventions in the...