In Freedomnomics: Why the Free Market Works and Other Half-Baked Theories Don’t, economist and bestselling author John R. Lott Jr. addresses these and other common economic questions, confronting some of the misconceptions about markets created by the bestselling book Freakonomics. He argues that free markets liberate the best, most creative, and most generous aspects of our society — whereas efforts to constrain economic liberty, no matter how well-intentioned, invariably lead to increased poverty and injustice. Lott also extends his economic analysis to posit corollaries between free markets and our political and criminal justice systems. Jared Bernstein and Michael New will offer sharply diverging critiques.
Featuring Benjamin H. Friedman, Research Fellow in Defense and Homeland Security Studies, Cato Institute; Spencer Ackerman, Senior Writer, WIRED Magazine; and Julian Sanchez, Research Fellow, Cato Institute; moderated by Laura Odato, Director of Government Affairs, Cato Institute.
Featured PublicationWe are grateful to the Harry and Lynde Bradley Foundation and the Carthage Foundation whose support of the October 2012 Cato Conference “Europe’s Crisis and the Welfare State: Lessons for the United States” made possible this special issue of the Cato Journal.
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Should Apple be blamed for optimizing according to the legal incentives created by the likes of Senators Levin and McCain?
Featured BookRenowned development economist Deepak Lal draws on 50 years of experience around the globe to describe developing-country realities and rectify misguided notions about economic progress.
More Bang for Your Buck
The Cato Institute tops a new measure of think tank performance in the United States, according to a recent report. Cato bested all other U.S. think tanks in the main category of “Aggregate Profile per Dollar Spent.” “I’m grateful to the Center for Global Development for showing that Cato gives its sponsors something I wish government gave more of to taxpayers: bang for the buck,” said Cato CEO John Allison.