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Economics

Automation and the Future of Labor: Two Scenarios

Frankenstein. It is one of the most enduring horror stories of all time.  Mary Shelley’s masterpiece, inspired by a nightmare, is a cautionary tale.  Ingenuity run amok.  Progress beyond our control.  Creation dominating the creator.  Like Shelley, these themes occupy...

Economic Growth or Environmental Sustainability: Do We Have to Choose?

As the effects of climate change are becoming a reality for many around the developing world, finding solutions to support sustainable development is an absolute necessity. Those on the bottom of the socioeconomic ladder face the worst effects of climate change, and...

Passivity and Revenue: How a Passive Tax System Exacerbates Fiscal Illusion

It is often said that the only certainties in life are death and taxes, but how certain are we about the latter? Because of the interests of different parties involved in the tax system, the inquiry into the details of taxation can often be obscured. However, it is...

Choosing the Best Tool: Mandates as Corrective Policy Instruments in Agriculture

Agricultural production negatively impacts the environment. Nitrate and pesticide runoff contaminate drinking water. Animal waste causes bacterial contamination. Odor from livestock operations affects nearby residential areas. The list goes on. Despite these negative...