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Olivier Bargain, Ulugbek Aminjonov Four decades ago, Robert Lucas rocked economics with a simple observation: taxes and other government interventions in the private economy affect not only the costs and benefits of actions citizens may take (as intended), but also their beliefs about the future actions of others (including the government), possibly in counterproductive ways. For example, announcing stiffer penalties for non-payment of taxes provides an incentive to pay up; but it also may convey the information that non-compliance is common, leading formerly honest citizens to cheat. Lucas’ point was that policymaking is not simply resetting the dials on a given model of how the economy works, but instead changing the structure of the model itself (Lucas 1976). In 1994, Henry Aaron of the Brookings Institution pointed to “the failure of economists to take the formation of preferences seriously”, and suggested that the Lucas critique be extended to cover preference ....
King Arthur: A Very British Messiah? King Arthur is undoubtedly one of the most enduringly popular heroes to come out of the medieval era, and he has meant many things to many people for hundreds of years. Over time, the mythology of Arthur grew as new stories were added to the existing ones and his fame spread throughout Britain and beyond. As a result of his popularity through the ages, King Arthur has come to represent various political causes as a symbolic figurehead, earning him a reputation as “champion of causes”. From medieval Welsh rebels to 20th century anti-Nazi campaigners, the British peoples have rallied behind Arthur’s war banner since a time before the idea of “Britain” ever existed. But was Arthur more than just a hero to these people? Britain has had countless heroes throughout its history, but is Arthur’s enduring, overwhelming popularity a sign that he has become something more? Something like a Messiah? ....
'An Intro to the Buildings of County Cork' Virtual Talk eventbrite.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eventbrite.ie Daily Mail and Mail on Sunday newspapers.