Articles

Freedom in the history of the individual has had a whole repertoire of fighters and defenders as well as enemies and detractors. It has been a concept that has generated multiple philosophical debates in the academic world, and, in addition, it has been considered a human principle for which many have even given their own lives.

Adam Smith entered a world that his reason and eloquence would later transform. He was baptized on June 5, 1723, in Kirkcaldy, Scotland. It’s presumed that he was either born on that day or a day or two before. He would become the Father of Economics as well as one of history’s most eloquent defenders of free markets.

Puerto Rico is home to approximately 3.2 million people, according to the State Data Center (SDC-PR). Of these, only 1.16 million work in the formal economy, while labor participation is around 44.9%. This gap is evidence of a growing inequality between those who support the treasury with their contributions and those who, without contributing or doing so minimally, demand and enjoy the same public services.

Last May a study came out suggesting that merely giving people money doesn’t do much to lift them out of poverty. Families with at least one child received $333 a month. They had more money to spend, which is a good thing, but the children fared no better than similar children who didn’t get the cash. They were no more likely to develop language skills or demonstrate cognitive development. They were no more likely to avoid behavioral problems or developmental delays.

Economist Finis Welch observed long ago that “without unequal priorities and capabilities, there would be no trade, no specialization, and no surplus produced by cooperation.

In a transformative year, Puerto Rico has achieved unprecedented strides in economic liberty, surpassing two decades of prior progress.

Recent efforts to control spending, including accountable care organizations, value-based payment, and high-deductible health plans, have emphasized optimizing patterns of health service use.

Fast-food job losses in California spiked after passage of the $20 minimum wage for some workers, according to a new study.

Puerto Rico's finances have been a problem for a long time, but its problems were radically exacerbated by Hurricane María in 2017.

North Dakota is experiencing a tight labor market with an inability to attract workers for various occupations. While several policies may be considered to alleviate this workforce shortage, policies that remove or reduce restrictions on workers are particularly attractive; they can potentially increase the number of available workers at a very low cost.