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Marc Law

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Professor of Economics, University of Vermont

Marc Law, Senior Fellow at the Fraser Institute, is a Professor of Economics at the University of Vermont. An applied micro-economist with interests in regulation, political economy, and economic history, Professor Law's research focuses on the regulation of food, drugs, and advertising as well as occupational licensing laws.

He has published papers in The Journal of Economic History; The Journal of Law, Economics, and Organization; and The Journal of Law and Economics. He hold a PhD from Washington University at St. Louis and MAs from Washington University and Queen's University.

Recent Research by Marc Law

Productivity and Economic Performance: An Overview of the Issues
— Jan 1, 2000
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This study provides a non-technical overview of the issues surrounding the debate about productivity and discusses why productivity growth is essential if Canadians want a high and rising standard of living. Productivity refers to the efficiency with which an economy transforms inputs (capital and labour) into outputs (goods and services).

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The Economics of Minimum Wages
— Feb 1, 1999
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This Public Policy Source provides a review of the economics of minimum wage laws and, in particular, of the empirical literature on some of the economic impacts of minimum wage laws. It also provides an overview of the Canadian data on who earns the minimum wage. By examining the incidence of the minimum wage, it is possible to determine whether the minimum wage is likely to achieve its official objective of raising the incomes of the poor.

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Debunking the Myths: A Review of the Canada-US Free Trade Agreement and the North America Free Trade Agreement
— May 1, 1998
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Although the merits of free trade are widely accepted by economists and policy makers, criticism of free trade as sound economic policy is still widespread. In both Canada and the United States, critics of free trade attract substantial public attention. Protectionists and economic nationalists argue that free trade causes economic ruin and the loss of national identity.

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