Dwight R. Lee

leed@smu.edu

Dwight R. Lee is the O’Neil Professor of Global Markets and Freedom in the Cox School of Business at Southern Methodist University.

Related Freeman Articles

Book Review

What Money Can't Buy: The Moral Limits of Markets

MARCH 21, 2013 by DWIGHT R. LEE

Michael Sandel's arguments that markets crowd out "nonmarket values worth caring about" is appealing and easy to understand, but often fails to account fully for the roles prices play or the constraints on our abilities to form deep, intimate bonds with millions of people at once.

Feature

Reducing Income Inequality at the Expense of the Poor

FEBRUARY 05, 2013 by DWIGHT R. LEE

Income inequality is often a side effect of some very good things we'd be better off not doing away with.

Related Podcasts

Specialization and Wealth

SEPTEMBER 26, 2013 by DWIGHT R. LEE

In this podcast, Dwight Lee explains how specializatoin, voluntary exchange, and cooperation lead to an increase in productivity and wealth accumulation. (9:15 minutes)

Social Cooperation and the Marketplace

SEPTEMBER 26, 2013 by DWIGHT R. LEE

The social cooperation that results from the information and incentives communicated through the market is not perfect. But no other economic system comes remotely close to the market in allowing people to achieve their objectives in productive cooperation with each other. (8:44 minutes)

Sacrificing Lives for Profits

SEPTEMBER 26, 2013 by DWIGHT R. LEE

When people willingly accept risks to acquire things they value, they are putting a price on their lives--telling us with their actions that the marginal value of their lives is less than the often quite low value they realize from overeating, not exercising, driving too fast, and so on. (8:40 minutes)

Running Out of Agricultural Land

SEPTEMBER 26, 2013 by DWIGHT R. LEE

Fear that we are running out of important resources like agricultural land is perpetual, but in most cases, this fear is baseless. In this podcast, Dwight Lee explains the role of property rights in preventing the depletion of resources. (8:48 minutes)

Private Property and Oppurtunity Costs

SEPTEMBER 26, 2013 by DWIGHT R. LEE

Markets promote the general interest by revealing costs while governments commonly favor special interest by concealing those costs. In this podcast, Dwight Lee discusses opportunity costs by introducing the critical role of private property. Private property lies at the foundation of market economies because without private property, and the exchange it fosters, people would be unable to consider the full costs of their decisions. (8:22 minutes)

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July/August 2014

The United States' corporate tax burden is the highest in the world, but innovators will always find a way to duck away from Uncle Sam's reach. Doug Bandow explains how those with the means are renouncing their citizenship in increasing numbers, while J. Dayne Girard describes the innovative use of freeports to shield wealth from the myriad taxes and duties imposed on it as it moves around the world. Of course the politicians brand all of these people unpatriotic, hoping you won't think too hard about the difference between the usual crony-capitalist suspects and the global creative elite that have done so much to improve our lives. In a special tech section, Joseph Diedrich, Thomas Bogle, and Matthew McCaffrey look at various ways these innovators add value to our lives--even in ways they probably never expected.
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