Socialism may be on the rise in the United States

The Sorrell College's Johnson Center for Political Economy will sponsor a debate on socialism versus capitalism on Wednesday. (TROY archives)

The Sorrell College's Johnson Center for Political Economy will sponsor a debate on socialism versus capitalism on Wednesday. (TROY archives)

Those of us old enough to remember the fall of the Berlin Wall and the breakup of the Soviet Union probably thought we had seen the last of socialism. The idea of government planning of an economy, once billed as “scientific socialism,” seemed consigned to the dustbin of history.

Times certainly have changed. Self-described socialist…

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Debate: Socialism versus Capitalism is the focus

The Sorrell College's Johnson Center for Political Economy hosts a socialism vs. capitalism debate on April 10.

The Sorrell College's Johnson Center for Political Economy hosts a socialism vs. capitalism debate on April 10.

Troy University’s Manuel H. Johnson Center for Political Economy will explore the rebirth of socialism in the United States with “Socialism vs. Capitalism: A Debate” on Wednesday, April 10.

Featuring George Mason University professor Bryan Caplan, author of “The Myth of the Rational Voter,” and Penn State University professor John Marsh, author of “Class Dismissed:…

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Mitigation costs are a matter of personal value

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The "Sand Palace," a private residence in Mexico Beach, survived Hurricane Micheal due to mitigation efforts in its construction. (FEMA photo/Wilsey)

Last October, Hurricane Michael slammed the Florida panhandle with 155 mile per hour (mph) winds. Mexico Beach was largely destroyed, except for one exceptional, and now much reported on, house called the Sand Palace. Does it offer a guide for building for the future?

Strengthening buildings to reduce damage from natural disasters is called mitigation,…

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Politics and the Economics of the Carbon Tax

 Economists should not let the allure of an optimal tax create an impression that carbon taxation will benefit the economy. (photo/Dori)

Economists should not let the allure of an optimal tax create an impression that carbon taxation will benefit the economy. (photo/Dori)

A carbon tax involves some good economics and is probably the best way to address global warming. And yet I think that adopting the tax represents bad policy. My reservations involve the politics of policy implementation as examined by Nobel prize-winning economist James Buchanan.

Before getting to my concerns, let’s consider two other arguments against…

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