Benjamin Powell, Ph.D. - Texas Tech University - The Independent Institute - Lubbock, Texas ( TX )
     
 
Books
  Out of Poverty
    Sweatshops in the Global Economy
  Cambridge Studies In Economics, Cognition And Society
     
    This book provides a comprehensive defense of third-world sweatshops. It explains how these sweatshops provide the best available opportunity to workers and how they play an important role in the process of development that eventually leads to better wages and working conditions. Using economic theory, the author argues that much of what the anti-sweatshop movement has agitated for would actually harm the very workers they intend to help by creating less desirable alternatives and undermining the process of development. Nowhere does this book put “profits” or “economic efficiency” above people. Improving the welfare of poorer citizens of third world countries is the goal, and the book explores which methods best achieve that goal. Sweatshops will help readers understand how activists and policy makers can help third world workers.
 
Out of Poverty
 
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  Making Poor Nations Rich
  Why do some nations become rich while others remain poor? Traditional mainstream economic growth theory has done little to answer this question—during most of the twentieth century the theory focused on models that assumed growth was a simple function of labor, capital, and technology. Through a collection of case studies from Asia and Africa to Latin America and Europe, Making Poor Nations Rich argues for examining the critical role entrepreneurs and the institutional environment of private property rights and economic freedom play in economic development.
     
  Making Poor Nations Rich begins by explaining how entrepreneurs create economic growth and why some institutional environments encourage more productive entrepreneurship than others. The volume then addresses countries and regions that have failed to develop because of barriers to entrepreneurship. Finally, the authors turn to countries that have developed by reforming their institutional environment to protect private property rights and grant greater levels of economic freedom.
     
  The overall lesson from this volume is clear: pro-market reforms are essential to promoting the productive entrepreneurship that leads to economic growth. In countries where this institutional environment is lacking, sustained economic development will remain illusive.
 
Making Poor Nations Rich - Benjamin Powell, Ph.D. - Texas Tech University - The Independent Institute - Lubbock, Texas ( TX )
 
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  Housing America
Building Out of a Crisis
  Housing policy not only affects all Americans quality of life, but has a direct impact on their financial well being. About 70 percent of American households own their own homes, and for most, their homes represent the majority of their net worth. Renters are affected by housing policy. Even the small minority of Americans who are homeless are affected by housing policies specifically targeted to low-income individuals. The governments increasing involvement in housing markets, fed by popular demand that government "do something" to address real problems of mortgage defaults and loans, provides good reason to take a new look at the public sector in housing markets. Crises in prime mortgage lending may lower the cost of housing, but the poor and homeless cannot benefit because of increases in unemployment. Even the private market is heavily regulated. Government policies dictate whether people can build new housing on their land, what type of housing they can build, the terms allowed in rental contracts, and much more. This volume considers the effects of government housing policies and what can be done to make them work better. It shows that many problems are the result of government rules and regulations. Even in a time of foreclosures, the market can still do a crucial a job of allocating resources, just as it does in other markets. Consequently, the appropriate policy response may well be to significantly reduce, not increase, government presence in housing markets.
 
Housing America Building Out of a Crisis - Benjamin Powell, Ph.D. - Suffolk University - The Beacon Hill Institute - The Independent Institute - Boston, Massachusetts ( MA )
 
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Copyright © 2014
Benjamin Powell, Ph.D.
Texas Tech University, Director, The Free Market Institute
The Indpendent Institute, Senior Fellow
Lubbock, Texas
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