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December 15, 2004

Drugmakers Under Siege


Severe acute respiratory syndrome has receded since the epidemic of 2003, but it could one day come back with a vengeance. The world is relying on the pharmaceutical industry to develop a vaccine and effective treatment against SARS and other diseases. Yet drugmakers are being vilified and facing increasing difficulty doing business, hampering their efforts to find a cure for such diseases.

November 15, 2004

Drug Reimportation and R&D Spending: The Economic Impact on the Illinois Economy


Consumer groups and the media are putting pressure on public officials to allow U.S. citizens to reimport drugs from foreign countries like Canada. Using an economic simulation model, this report concludes reimportation or price controls would have a dramatic negative impact on the Illinois economy, and its large biotech sector.

November 9, 2004

The Cost of Personal Retirement Accounts


It is mistaken to assume that the cost of transitioning to Social Security personal accounts is based on the amount of general revenues that would be needed to finance the transition. This measure, which excludes items that are true costs and includes other items that are not true costs, is biased against personal accounts.

October 7, 2004

Does America Have a Prescription Drug Problem?: The Perils of Ignoring the Economics of Pharmaceuticals


Critics claim the pharmaceutical industry is unique and therefore requires distinctive forms of regulation, such as price controls. But absent in this view is a systematic appraisal of the economics of the industry. Were their approach adopted, the consequences would be less innovation, fewer life-saving drugs, and a less-healthy citizenry than what could be possible.

July 8, 2004

Proving Large Personal Retirement Accounts Work


The enormous benefits of Social Security reform involving large personal accounts is quite achievable, as is the proposed transition financing. A manageable amount of debt would be issued in the early years and paid off during the course of the reform. The reform plan would promote modest restraint in the growth of other federal spending, and should produce significant revenue feedback effects.
March 4, 2004

A Fonte Aberta Atingiu seu Limite?


A fonte aberta não é necessariamente a melhor forma de desenvolvimento de software. Embora possa ter um papel útil em ambientes de computação especializada, não tem aplicação no mercado de massa de software. Os proponentes da fonte aberta, obedecendo interesses próprios, substituíram a realidade pelo mito. Os responsáveis pelo estabelecimento de políticas não devem assumir de modo errôneo que esse processo, essencialmente derivado, possa ser um substituto da inovação.

March 4, 2004

Has Open Source Reached Its Limits?


Open source is not necessarily the best way to develop software. While it may fill a useful role in specialized computing environments, open source does not translate to the mass market for software. Proponents of open source are vested interests who have substituted myth for reality. Policy makers should not mistakenly assume that this essentially derivative process is any substitute for innovation.

March 4, 2004

Ha Alcanzado sus Limites el Codigo de Fuente Abierta


El código de fuente abierta no es necesariamente la mejor forma de desarrollar software. Aunque puede tener una función muy importante en los ambientes especializados de computación, no aplica al mercado masivo de software. Los proponentes del código de fuente abierta son derechos adquiridos que han sustituido el mito por la realidad. Las personas que dictan la política no deberían asumir de una manera equivocada que este proceso esencialmente derivado es un sustituto para la innovación.

January 28, 2004

Social Security Reform: Half Measures and Mismeasures


Some suggest that proposals for Social Security reform should be judged by the degree to which they require general revenue financing. But this flawed yardstick is biased against personal account plans, because it doesn't accurately measure transition costs, and doesn't account for the dramatically increased benefits of personal accounts. The only way to evaluate reform plans is to weigh all of the costs against all of the benefits.

October 10, 2001

What's the Most Potent Way to Stimulate the Economy?


Which changes in tax policy will have the strongest economic benefit per revenue dollar? Reducing tax rates on capital, such as cutting the capital gains tax rate or shortening depreciation lives, would have the biggest economic payoff. Repealing the alternative minimum tax (AMT) would also be potent, though other proposals such as payroll tax cuts would have much less “bang for the buck.”

 

Total Records: 65

 

 

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