Price gouging has become a controversial topic in the COVID-19 pandemic. Movements in market prices of products, services, and labor provide ongoing messages about their relative scarcity—of supply relative to demand. In this Pandemics and Policy study, the R. Evan Scharf Chair for the Public Understanding of Economics, Ryan Bourne, explains why state governments should not adopt anti‐price‐gouging laws, as they may thwart a full recovery.
The status of free speech and academic freedom at U.S. colleges and universities has become an explosive issue. Critics claim that disruptions, disinvitations of speakers, and bureaucratic new speech‐inhibiting policies have smothered the open and honest discourse. Others consider the fears of crisis overblown, discerning the harms as less extensive in the vast domain of higher education than critics acknowledge. Drawing on his extensive experience as a free speech and academic freedom leader, Donald A. Downs portrays the university as an “intellectual polis” where free and honest academic discourse should pervade. On Thursday, September 10, join Downs and guests in this Cato online book forum to discuss.
Much has been written on the adverse impact of modernization on historically isolated forest tribes of India. Studies have listed the devastation of tribes’ traditional cultures and lifestyles, the duping of simple tribespeople with little understanding of markets or prices, the destruction of their habitat, and the trauma of displacement, which has been greatest in the case of dams and mining projects. In a new paper, Swaminathan S. Anklesaria Aiyar and Neeraj Kaushal show that tribes can join mainstream society and prosper if empowered with property rights and civil rights.