This paper characterizes the optimal taxation of top earners in a world with externalities. It takes a reduced-form approach that spans a broad class of models where top earners create externalities ...

Learn how economists measure externalities using equilibrium models, cost assessments, and qualitative methods. Gain insight into real-world and theoretical impacts.

Most economic externalities can be efficiently solved through a system of private property rights, in which costs and ...

My last column celebrated the bicentennial of the Erie Canal. This one goes deeper into the ways government action can create prosperity for all of us. This flies in the face of being fed a constant ...

In a prior column, I highlighted the life and work of Yvon Chouinard, the founder of Patagonia, who gave away that multi-billion-dollar company to organizations working on the environment, including ...

Improved self-esteem and motivation. Positive discipline encourages children through clear expectations combined with emotional support, fostering intrinsic motivation—so children act responsibly ...

Zero-sum thinking is outdated. The future of growth is inclusive, abundant and collective. Unsplash+ Our economic narrative has been hijacked by a dangerous falsehood: the notion that the economy is ...

Log-in to bookmark & organize content - it's free! Economist Paramo Sanyal of the Brattle Group discusses the the Universal Service Fund, which subsidizes telephone service for low-income customers, ...

Log-in to bookmark & organize content - it's free! The Senate Environment and Public Works Committee on Chemical Safety and Waste Management convened the hearing on plastic production and pollution.

As a rule, journalists are not good about looking backward. The focus is always on the next story, the next photo, next interview or scoop. If anything, that has been amplified these days by the ...

A top student with a great sense of humor who brings out the best in his classmates. A softball pitcher who started her school's Model UN. The editor-in-chief of his school paper already making an ...