In his famous 1776 Inquiry into the Nature and Causes of the Wealth of Nations, Adam Smith outlined the philosophical framework for our commercial society. Smith’s key insight was that a division of labor—each contributing one’s part to a larger whole—propelled economies forward, provided that open exchange occurred in a market free of monopolies. He […]
Eric Kriss
Posted inEconomy, Health Care, Opinion, Politics
Rising medical costs could upend state government
Read responses to this article When we speak of balance in government, the typical reference is either to the intricate separation of powers inherent in our constitutional democracy, or to the fiscal requirement of a balanced budget. Questions of balance, then, are usually left to the political scientist or fiscal officer, and are of secondary […]