Richard Epstein: Law and Economics of Public Sector Unions
This video podcast was originally published by the Commonwealth Foundation.
Renowned legal scholar Richard A. Epstein joins David Osborne to dissect the legal foundations and economic consequences of public sector unionization. From the early days of private labor unions to the rise of government unions, Epstein explains how collective bargaining has evolved—and why public sector collective bargaining, in his view, breach the public trust. They explore everything from the antitrust roots of union restrictions to Roosevelt’s and Kennedy’s diverging views on public unions, the fallout of the Janus decision, and why many reforms fall short. If you care about the future of labor policy, this episode is a must-listen.
.webp)
Economic Dynamism
Automated Detection of Emotion in Central Bank Communication: A Warning
Can LLMs help us better understand the role of emotion in central bank communication?
Defending Technological Dynamism & the Freedom to Innovate in the Age of AI
Human flourishing, economic growth, and geopolitical resilience requires innovation—especially in artificial intelligence.
Firm Investment and the User Cost of Capital: New U.S. Corporate Tax Reform Evidence
This working paper analyzes the Tax Cuts and Jobs Act of 2017 to examine how corporate tax reform impacts rates of investment.
It’s Not Easy, but We Can All Learn to Think like Adam Smith
To truly understand what a dynamic economy requires, we would do well to recover the 18th-century sensibility that understood dynamism as a social and cultural phenomenon as much as an economic one.
AI on the Brain
A new study predicts a "likely decrease in learning skills, as LLMs reduce the cognitive effort required for writing," translating to poorer long-term knowledge retention.
Escape From New York
With Mamdani rising in New York, Texas can now offer New York’s leading businesses a package deal: relocate to Texas and list on the TXSE. Call it the Texas Two-Step.
