Trade and Economic Growth, Part I

International trade – the essence of globalization – benefits the world economy as a whole. It allows people, regions and nations to specialize in the production of what they do best, to enjoy the economies of large-scale production and to buy more cheaply those things that others do best. Impediments to trade limit the benefits of trade.

Trade and Economic Growth, Part II

The period between 1950 and 2000 was the greatest half-century in human history in terms of the improvement of economic conditions and the betterment of life for the great majority of people. The last quarter of the 20th century was probably the best 25 years of all time from a strictly economic point of view.

Polar Bears on Thin Ice, Not Really!

Recently, some scientists have claimed that human-caused global warming poses a significant threat to the survival of many species. For most species at risk, they argue, warming will cause the range of suitable habitat to shift faster than either the species (or their food sources) can move or adapt to a new range.

Climate Science: Climate Change and Its Impacts

Scientific debate continues regarding the extent to which human activities contribute to global warming and what the potential impact on the environment might be. Importantly, much of the scientific evidence contradicts assertions that substantial global warming is likely to occur soon and that the predicted warming will harm the Earth’s biosphere.

Are Polar Bears Dying?

A new study by Dr. David Legates, Delaware's State Climatologist and director of the University of Delaware's Center for Climatic Research, throws cold water on the claim that global warming threatens to cause the extinction of polar bears.

The Negative Effects of the Minimum Wage

Various state legislators and interest groups around the United States are pushing for increases in the minimum wage. In California, for example, even Republican Gov. Arnold Schwarzenegger now advocates raising the state minimum wage from its current $6.75 an hour to $7.75 by July 2007. But when the minimum wage law confronts the law of demand, the law of demand wins every time. And the real losers are the most marginal workers – the ones who will be out of a job.