Why the state should not be a service provider

It is often observed that private enterprise must, inevitably provide higher qualities of service than the state.  It is also observed that for the private sector to provide basic services is somehow immoral, because to profit from serving people is wrong in some way.  It is also observed that, though all of this may be …

Post-neo-apres-Keynesian economics

Introduction In these times of massive recession and general tightening of credit, popular discourse is rediscovering the joy of Keynesian macroeconomics, in particular Keynes' views on how to stimulate an economy that is underperforming.  What this generally boils down to is a call for protectionism (consider, for example, the US administration's woefully misguided 'buy American' …