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 Timothy Beardson, Founder, Crosby Financial Holdings; with comments by Phillip L. Swagel, Professor in International Economic Policy, University of Maryland School of Public Policy; moderated by James A. Dorn, Vice President for Monetary Studies and Senior Fellow, Cato Institute.
Stumbling Giant: The Threats to China’s Future addresses the challenges China will face during the coming decades and why it is unlikely to overtake the United States this century. The book provides an in-depth analysis of the threats to China’s continuing rise, offers bold policy prescriptions addressing those challenges, and explains why — without substantial reform — China is unlikely to replace America as the next superpower. Yale nominated the book for the prestigious Samuel Johnson Prize for nonfiction. Timothy Beardson founded, majority-owned, and ran Crosby Financial Holdings, which became the largest independent investment bank in the Far East. He is a permanent resident of Hong Kong.