Yue Chim Richard Wong 王于漸
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Rules of the House

By admin On 2016/06/08 · Add Comment · 4,085 views
(This essay was published in South China Morning Post on 8 June 2016.)
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Taxation, Regulation and Confiscation of Private Property Rights

By admin On 2016/06/01 · Add Comment · 2,396 views
(This essay was published in Hong Kong Economic Journal on 1 June 2016.) The rising political demand to erode private property rights in a liberal democracy through taxation, regulation and confiscation, if acceded to, will eventually erode the very foundations of liberal capitalism and transform it into populist socialism. The process is gradual and is conducted in the name of moral principles or social justice. But its true effect is to transform private property rights, upon which the foundations of a liberal democracy should be built, into public property, leading to the erosion of individual rights and freedoms.
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Moral Dilemma

By admin On 2016/06/01 · Add Comment · 3,004 views
(This essay was published in South China Morning Post on 1 June 2016.)
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Freedom in Populist and Liberal Democracies

By admin On 2016/05/25 · Add Comment · 2,508 views
(This essay was published in Hong Kong Economic Journal on 25 May 2016.) Political reform in Hong Kong is a necessary condition for addressing our political problems. But even more urgently, we must first answer whether we want a liberal or a populist democracy. Time may not be on the side of a liberal democratic solution.
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Democracy Matters

By admin On 2016/05/25 · Add Comment · 2,200 views
(This essay was published in South China Morning Post on 25 May 2016.)
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Why University Fees Should Be Raised

By admin On 2016/05/18 · Add Comment · 2,458 views
(This essay was published in Hong Kong Economic Journal on 18 May 2016.) The additional fees could be used to finance transfers to the less well-off families and to expand the number of subsidized university places. Both effects will work in the direction of lowering the rate of return to university education. Government spending on university education would most likely increase, but in a way that will foster greater efficiency and equity.
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Cost of Education

By admin On 2016/05/18 · Add Comment · 2,774 views
(This essay was published in South China Morning Post on 18 May 2016.)
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Education and the Service Economy

By admin On 2016/05/11 · Add Comment · 3,294 views
(This essay was published in Hong Kong Economic Journal on 11 May, 2016.)The slow economic growth and depressed wages that new tertiary graduates have faced over the past decade is a consequence of the very rapid increase of university places during a short period from 1983 to 1994 and the timing of the onset of the Asian Financial Crisis. Deindustrialization is merely a consequence not the cause.
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Productivity Factor

By admin On 2016/05/11 · Add Comment · 2,714 views
(This essay was published in South China Morning Post on 11 May 2016.)
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Causes and Consequences of Women’s Economic Rise

By admin On 2016/05/04 · Add Comment · 2,237 views
(This essay was published in Hong Kong Economic Journal on 4 May 2016.) the spread of women’s education is not the only factor that is contributing to household income inequality in today’s society, but it is an important factor that has unfortunately been underappreciated and ignored. More significantly, it has important consequences for the intergenerational transmission of inequality.
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Wage Disparity

By admin On 2016/05/04 · Add Comment · 2,606 views
(This essay was published in South China Morning Post on 4 May 2016.)
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The Rise of Women in Hong Kong

By admin On 2016/04/27 · Add Comment · 2,572 views
(This essay was published in Hong Kong Economic Journal on 27 April 2016.)It seems outrageous that discounts on ladies’ night could constitute a constraint on either men’s or women’s human freedom or personal choice. . . . . Unlike smoking, discounted drinks do not have third party effects. But ruling against bars and clubs that offer discounted drinks on ladies’ night events certainly limits their freedom and is a violation of liberal republican values.
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Equal Opportunities

By admin On 2016/04/27 · Add Comment · 1,662 views
(This essay was published in South China Morning Post on 27 April 2016.)
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Labor Market Consequences of Public Rental Housing

By admin On 2016/04/20 · Add Comment · 2,302 views
(This essay was published in Hong Kong Economic Journal on 20 April 2016.)Combining the consumption inefficiencies of public rental housing with the labor market inefficiencies adds up to a staggering cost for society. Privatizing the public rental housing stock alone would easily add 1-2 percentage points to GDP, and the present discounted value of this would be trillions of dollars.
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Unaffordable Solution

By admin On 2016/04/20 · Add Comment · 2,489 views
(This essay was published in South China Morning Post on 20 April 2016.)
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