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Steven Teles
Steven M. Teles is an American political scientist. He is a professor at Johns Hopkins University The Johns Hopkins University (often abbreviated as Johns Hopkins, Hopkins, or JHU) is a private university, private research university in Baltimore, Maryland, United States. Founded in 1876 based on the European research institution model, J ..., as well as a senior fellow at the Niskanen Center. Notable writings include ''The Captured Economy: How The Powerful Enrich Themselves, Slow Down Growth and Increase Inequality'' with Brink Lindsey, ''Prison Break: Why Conservatives Turned Against Mass Incarceration'' with David Dagan, and ''The Rise of the Conservative Legal Movement'', as well as the original paper about Cost disease socialism with Samuel Hammond and Daniel Takash. He is also known for coining the term " kludgeocracy" to describe the phenomenon of overly-complicated governmental solutions to social problems. References Living people American political scien ...
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Johns Hopkins University
The Johns Hopkins University (often abbreviated as Johns Hopkins, Hopkins, or JHU) is a private university, private research university in Baltimore, Maryland, United States. Founded in 1876 based on the European research institution model, Johns Hopkins is considered to be the first research university in the U.S. The university was named for its first benefactor, the American entrepreneur and Quakers, Quaker philanthropist Johns Hopkins. Hopkins's $7 million bequest (equivalent to $ in ) to establish the university was the largest Philanthropy, philanthropic gift in U.S. history up to that time. Daniel Coit Gilman, who was inaugurated as :Presidents of Johns Hopkins University, Johns Hopkins's first president on February 22, 1876, led the university to revolutionize higher education in the U.S. by integrating teaching and research. In 1900, Johns Hopkins became a founding member of the Association of American Universities. The university has led all Higher education in the U ...
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Niskanen Center
The Niskanen Center is an American think tank based in Washington, D.C. that advocates libertarian and market-oriented principles regarding environmentalism, immigration reform, civil liberties, and an effective welfare state. Named after William A. Niskanen, an economic adviser to Ronald Reagan and former chairman of the Cato Institute, it states that its "main audience is Washington insiders", and characterizes itself as moderate, with others calling it centrist. The organization has been credited with fostering bipartisan dialogue and promoting pragmatic solutions to contemporary political challenges on issues such as family benefits, climate change, and criminal justice reform. History The Niskanen Center was founded in early 2015 by Jerry Taylor. At its launch, the center was composed primarily of former staffers of the Cato Institute who departed in the wake of a 2012 leadership struggle pitting Ed Crane against the Koch Brothers for control of the libertarian think t ...
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Brink Lindsey
Brink Lindsey is an American political writer, and Vice President and Director of the Open Society Project at the Niskanen Center. Previously he was the Cato Institute's vice president for research. From 1998 to 2004, he was director of Cato's Center for Trade Policy Studies, focusing on free trade, and also editor of Cato Unbound, a monthly web magazine. He was a senior fellow with the Kauffman Foundation from 2010 to 2012. An attorney with a background in international trade regulation, Lindsey was formerly director of regulatory studies at Cato and senior editor of ''Regulation magazine''. He is a contributing editor at ''Reason magazine'' and a frequent discussion guest on BloggingHeads.tv and often moderates Cato panel discussions. A registered Republican and self-proclaimed libertarian, he endorsed Sen. Barack Obama during the 2008 presidential campaign. He has written on a broad range of topics including trade, economic growth, cultural division, economic inequali ...
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Cost Disease Socialism
Cost disease socialism is a proposed concept by Steven M. Teles, Samuel Hammond, and Daniel Takash of the Niskanen Center, a free-market think tank. It describes an economic pattern in which the subsidy of essential goods and services, coupled with limitations or regulatory constraints on new supply, increases the price without increasing the quantity provided. History "Cost disease socialism" was termed by Steven M. Teles, Samuel Hammond, and Daniel Takash, in their 2021 report published through the Niskanen Center. Despite the similar name, it is not related to Baumol's cost disease, which is an alternative hypothesis for why costs go up in sectors with slower productivity growth. While Baumol's cost disease is focused on services, cost disease socialism can be applied to any essential good or service. Economic theory Cost disease socialism contrasts with other theories of why costs become high, such as Baumol's cost disease, luxury goods effects from increasing incomes, ...
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