To whom does wealth belong? An Economic Perspective
September 2007: Economics (Volume 7 Issue 9)
[1] The question of to whom does wealth belong is not one that most economists would be comfortable answering except in the most trivial sense. Trivially we would answer that wealth belongs – well – to those who own it. Aside from being rather circular in its logic, this reply does not get at the […]
The Benefits of Globalization: An Economic Perspective
August 2002 (Volume 2 Issue 8)
Robert A. Lawson, Stephen A. Baker
[1] Introduction. The process of globalization of the world economies has recently generated severe protests from many quarters, including on the pages of this journal (Moe-Lobeda, 2001; Yutzis, 2001). Among these critics, almost every social ill from poverty to pollution to pestilence seems to be caused by globalization and the evils of capitalism. In this […]