Nicholas Elliott

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A Crisis in the Making: Europe's Welfare Burden

Will Welfare Reform Restore Economic Incentives?

SEPTEMBER 01, 1994 by NICHOLAS ELLIOTT

Book Review

Adam Smith and Modern Economics: From Market Behavior to Public Choice

MARCH 01, 1992 by NICHOLAS ELLIOTT

What could have been a narrow and arcane book opens up Smith and contains some sharp reflections.

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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