The Effect of Economists and Other Professions on Economic Growth

There is a literature on the effects of lawyers on economic growth that suggests that much legal activity is either unproductive or rent-seeking. While the empirical results in this literature are mixed, there is a larger question of why does the literature stop at lawyers? Other professions th...

By Joshua Hall

Reducing the peer review burden and raising grant success rates by passing a simple law

Pass a law that limits the total dollars that a research organization can request from the federal government to three times the average dollars they received in previous years. This would immediately change the average success rate of grants to one in three; a major improvement from current rat...

By Scott Reed