Despite general agreement on the academic theory behind economics, the implementation of those findings into society usually leads to disagreement. There are simply too many variables within a society to achieve a consensus. So with the unpredictable nature of individuals, how can economists even begin to predict the results of their theories?
Professor Sam Peltzman, Director of the George J. Stigler Center for the Study of the Economy and the State, University of Chicago’s Booth School...
What is the legitimate role of government in a free society? Most agree that there is one, albeit small. The Constitution lays out these...