Bringing Innovation Down to Earth
There is a dark side for the innovating firm when the operational aspects of new product development are overlooked. SMU Cox Professors Bhaskaran, Ramachandran and co-author study and frame an ignored...
View ArticleEconomic Freedom and Happiness by Robert Lawson, Daniel Gropper and Jere...
From the Cato Journal. That liberty is necessary for greater happiness and a better life is a notion deeply rooted in the American sensibility. But is there a link between greater freedom and greater...
View ArticleInstitutions and the Impact of Investment on Growth by Robert Lawson, James...
From Kyklos. This paper focuses on the relationship between institutions and investment, and analyzes howinstitutional quality influences growth through its impact on both the level and productivity of...
View ArticleEconomic Freedom, Institutional Quality, and Cross-Country Differences in...
From the Cato Journal. In the past few decades, the issues in the literature on economic growth have broadened from the development of general theories of growth, largely based on Solow (1956), toward...
View ArticleThe Scope of Government and the Wealth of Nations by Robert Lawson, James...
From the Cato Journal. The evidence examined in this paper illustrates that there is a persistent robust negative relationship between the level (and the expansion) of government expenditures and the...
View ArticleCensoring and Destroying Information in the Information Age by Dwight Lee and...
From the Cato Journal. Few people recognize some of the most harmful forms of government censorship as being censorship. And since they don’t recognize it for what it is,many erroneously see censorship...
View ArticleThe Clergy and Economists: Two Windows on Common Objectives by Dwight Lee
From the Journal of Markets and Morality. Members of the clergy and economists form their understandings of the world by examining it through different windows. Yet, Lee argues that the differences...
View ArticleWhy Busnessmen Are More Honest than Preachers, Politicians and Professors by...
From the Independent Review. The case for the businessmen's relative honesty is not that they are more virtuous than preachers, politicians and professors. Instead, the argument is based on the...
View ArticleShrinking Leviathan: Can the Interaction Between Interest and Ideology Slice...
From the Independent Review. The political impact of the ideology favoring Leviathan was magnified by the mathematics of voting, but the same mathematics will magnify the political impact of a shift in...
View ArticleRent Seeking and Inefficiencies Resulting from Pecuniary Externalities by...
We shall argue that the rents resulting from pecuniary externalities created by voluntary exchanges can motivate unproductive competition for those rents that create inefficiencies without the help of...
View ArticleMarkets and Morality by Dwight Lee and J.R. Clark
From the Cato Journal. Only by coupling positive economics with a willingness to engage in moral discourse can economists use their understanding to effectively defend market arrangements, and the...
View ArticleTravel Visas by Robert Lawson and Jayme Lemke
From Public Choice- Subscription Required. This paper examines travel visa restrictions in 188 countries. The authors measure travel visa requirements facing foreign visitors into a given country and...
View ArticleThe European Union and Economic Freedom by Robert Lawson, Joshua Hall and...
From the Global Economy Journal. This paper integrates two growing strains of literature. The first strain looks at the effect of economic and political unions on outcomes such as bond ratings and...
View ArticleThe Impact of Economic Growth, Tax Policy and Economic Freedom on Income...
Considerable disagreement exists about how economic growth, taxes and other policies affect the distribution of income from both a theoretical and empirical perspective. This short paper attempts to...
View ArticleHelp for the Knowledge Economy: A Fairer Rule?
A heated debate has been raging for the last several years over an accounting rule that may have more implications for firms and the economy at large than one would think. The trouble with the debate...
View ArticleBelief and Risk: The Influence of Religion on Mutual Funds
More influences are impacting one's mutual fund performance than just the stocks and bonds in the portfolio and the sways of the economy. Risk, reward and values may have a new calculus. In new...
View ArticleModern Product Design Goes "Flexible"
Technological innovation continues to march forward in product design. Advances in technologies are enabling firms to move beyond merely adding more performance, and start offering other important...
View ArticleParsing the Price of Oil
In new research, a novel perspective is offered to decipher the root causes of speculation and why certain commodity markets behave differently. The research by SMU Cox's James Smith, Chair in Oil and...
View ArticleOil, Gas and Resources: Designing Winning Fiscal Regimes
Professor James Smith of SMU Cox has been asked to work on a vitally important 21st century problem by the International Monetary Fund (IMF). In an age of concern over resource sustainability, his new...
View ArticleTargeting the Future: Smarter, Cleaner Infrastructure Development Choices
In new research, SMU Cox's Andrew Chen, Distinguished Finance Professor, and co-author Jennifer Warren offer ideas about making smarter infrastructure choices in " Targeting the Future: Smarter,...
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