ForeignPolicy.com, May 2007. From phantom security enhancements to a complicated points system that only a bureaucrat could love, the immigration compromise before the US Senate is worse than nearly every realistic alternative except one: more of the same.
Markets do not exist in a vacuum; they operate in a social, political, and legal context. That insight – obvious to thinkers such as Adam Smith and Karl Marx, but forgotten in the zeal to fashion economics into a science more like physics than sociology – lies behind the revival in recent decades of the [...]




