In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring the author, Tyler Cowen, George Mason University; with comments by Benjamin Barber, The Democracy Collaborative University of Maryland.
A Frenchman rents a Hollywood movie. A Thai schoolgirl mimics Madonna. It is a commonplace that globalization is influencing local culture. But is it helping as much as it hurts? In Creative Destruction: How Globalization Is Changing the World’s Cultures, Tyler Cowen makes a bold new case for a more sympathetic understanding of cross-cultural trade. Cowen looks through an economist’s eye at an age-old question: Are market exchange and aesthetic quality friends or foes?