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Local election administrators form the front line in protecting voters from disenfranchisement. It was certainly welcome news that the Department of Justice sent a letter last week to Florida’s Secretary of State Ken Detzner to remind him of federal law prohibiting the Sunshine State from purging the voter rolls so close to an election. Voters and the courts also ...
In 2008, for the first time in the nation’s history, a candidate identifying (at least in part) as a member of a racial minority group was a major party’s nominee for President of the United States. The overwhelming significance of this milestone has obscured, if only by comparison, the fact that the 2008 electorate was ...
“Why Nations Fail: The Origins of Power, Prosperity, and Poverty,” by Daron Acemoglu and James Robinson, is a brilliant and sometimes breathtaking survey of country-level governance over history and around the world. Professors Acemoglu and Robinson discern a simple pattern — when elites are held in check, typically by effective legal mechanisms, everyone else in ...
The idea that corporations need a single purpose is based not in law, but in economists’ arguments that unless we have a single, objective, easily-observed metric to judge how well directors and executives are running firms, corporate “agents” will run amok. As the Harvard Business School’s Michael Jensen put the argument in a 2002 article, ...
Let’s start by laying down the baseline premise: inequality in America has been widening for decades. We’re all aware of the fact. Yes, there are some on the right who deny this reality, but serious analysts across the political spectrum take it for granted. I won’t run through all the evidence here, except to say ...
NEW YORK – The critics of foreign aid are wrong. A growing flood of data shows that death rates in many poor countries are falling sharply, and that aid-supported programs for health-care delivery have played a key role. Aid works; it saves lives. One of the newest studies, by Gabriel Demombynes and Sofia Trommlerova, shows ...
Visit NBCNews.com for breaking news, world news, and news about the economy
How ironic that the measure we call gross domestic product excludes the value of most domestic work. Services don’t count unless they are explicitly exchanged for money. Marry your butler (or your research assistant) and share your income equally instead of paying him by the hour. The size of G.D.P. will shrink. Divorce him, and ...
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