Fergus Hodgson joined AIER in 2017 as managing editor, after being a visiting scholar from 2009 to 2010. He holds a Bachelor of Arts in Economics from Boston University, a Graduate Diploma in Political Science from the University of Waikato, and a Certificate in Cuban Studies from the University of Miami. He is the executive editor of Antigua Report and a consultant to various publications, including Gold Newsletter, Impunity Observer, and Cedice Libertad (Venezuela). A New Zealand native, he has lived in eight countries and holds the Diploma of Spanish as a Foreign Language (DELE: B2). Follow @FergHodgson.
Articles from Fergus Hodgson
The “sweet spot” that facilitates spillover effects occurs with foreign firms with local market focus and highly tangible assets. Although the results are not uniform, this new research shows that far from being detrimental, foreign companies keep local ones on their toes, as locals search for ever better ways to serve customers and piggyback on newly observed strategies.
In a perfect universe, everyone would be automatically productive, and firms would have deep pockets to hire employees right away with full salaries. The reality is that taking on a new employee is costly; replacing one is even harder; time constraints are real; and competition is fierce, especially for small and medium-size firms with cash-strapped budgets.
Higgs's latest book, Taking a Stand: Reflections on Life, Liberty, and the Economy, is a greatest hits of his work over the past decade or so, published by the Independent Institute of Oakland, California. Naturally I couldn't help myself when I saw it as a new arrival at the Ludwig von Mises Library at Francisco Marroquín University in Guatemala City.
This policy study explains what I have now come to expect: ballooning and outlandish costs, impenetrable and overlapping complexity, double-dip cronyism, market distortions to give you a headache, no transparency, and, perhaps worst of all, an embedded special-interest group with an entitlement mentality, accompanied by a few spineless politicos.