Market failure
Is the European Union failing the viability tests?
A union of states is there for various reasons but a fundamental one is to provide public goods that cannot be provided optimally by actions at the level of individual states.
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Editorial: Toxic monopoly
The social toxicity of gambling has been known to us nearly as long as the existence of contemporary societies.
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Moral hazard
It comes as little surprise that the leftist government is taking advantage of that little bit of extra life it was granted by cobbling together a parliamentary majority with various independent MPs in order to push generous reforms that are obviously aimed at a better election result.
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How economists declare their love
Did you ever wonder how economists make use of the dismal science to say ?I love you?? Here are several examples, some adapted from Liz Fosslien?s post for the 2013 Valentine?s Day, others my ?invention,? and a couple from economist friends:
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