News

Friday Interview: Markets Work Best in Most Cases

RALEIGH — Markets tend to work better than government in helping to solve problems. That’s the idea economist Richard Vedder promoted to a group of North Carolina lawmakers during a recent visit to Raleigh. Vedder is a professor at Ohio University, director of the Center for College Affordability and Productivity, and an adjunct scholar at the American Enterprise Institute. Vedder compared free-market and government policies during a conversation with Mitch Kokai for Carolina Journal Radio.

CJ Staff
Opinion

No. 111: The Invisible Heart: A Market-Friendly Approach to Economics

A few semesters ago, I created a freshman honors seminar in economics. While I was pleased with the course overall, like most first-time courses, there was certainly room for improvement. Hence, I spent the last class meeting having the students discuss their perceptions of what worked well and what did not. Out of that discussion, one comment was most memorable. A young woman who had done very well in the course and who had been an active participant in the class discussions said that she left the course convinced that market economies lead to the highest overall standard of living but that she remained unconvinced about the fairness of market systems.

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