All Posts Tagged With: "Public Choice"
Why Those Who Value Liberty Should Rejoice: Elinor Ostrom’s Nobel Prize
Elinor Ostrom, the first woman to win the Nobel Memorial Prize in Economic Sciences, is also one of the most iconoclastic thinkers to win it. (She shared it with Oliver Williamson.) Professor Ostrom’s work focuses on the mechanisms of self-governance that operate in different societies. Her intellectual curiosity led her to study local public economies—in [...]
18Nov2009 | Peter J. Boettke | 2 comments | ContinuedIn Defense of Ideology
There have been many statements recently to the effect that we should not let “ideology” or “philosophy” stand in the way of solving our economic problems. Indeed, the Obama administration (like the previous Bush administration) is keen to persuade us to drop all this prejudice and to go after each problem–banking, stimulus, and so forth–on [...]
19Aug2009 | Mario Rizzo | 0 comments | ContinuedPredictably Irrational: The Hidden Forces that Shape Our Decisions
As the title suggests, Predictably Irrational is another offering on behavioral economics. The overriding theme is that people not only tend to behave irrationally, but they do so in systematic and predictable ways. Thus our lapses from rational behavior reinforce each other rather than cancelling out. The evidence for this comes largely from experiments which [...]
21May2009 | Dwight R. Lee | 1 comment | ContinuedBook Reviews – March 2008
- Myth of the Rational Voter: Why Democracies Choose Bad Policies
by Bryan Caplan Reviewed by Dwight Lee - The Science of Success: How Market-Based Management Built the World
1Mar2008 | George C. Leef | 0 comments | Continued
Sprawl versus Coastal Beauty
Timothy Terrell is an associate professor of economics at Wofford College in South Carolina.
“It’s a bad idea to turn the whole future of a region over only to people with money to make.”
So says a local college professor, John Lane, in a recent editorial in one of our community newspapers. The article described Lane’s trip [...]
Downsizing the Federal Government
By Chris Edwards Reviewed by J. H. Huebert
1May2007 | J.H. Huebert | 0 comments | ContinuedBook Reviews – October 2006
- Reviving the Invisible Hand: The
Case for Classical Liberalism in the Twenty-First Century
by Deepak Lal Reviewed by Richard M. Ebeling
- Laws of Fear
by Cass Sunstein Reviewed by Donald J. Boudreaux
- Bury the Chains: Prophets and Rebels in the Fight to Free an
Empire’s
Slaves
by Adam Hochschild Reviewed by Becky Akers
- Why Men Earn More
by Warren Farrell Reviewed by George C. Leef
Legal Plunder Mislabeled “Defense”
Arnaud de Borchgrave of United Press International has been reporting on national intelligence matters for many years. In a recent dispatch he wrote that “[s]ome 15,300 earmarks in the U.S. defense budget, up 1,300 percent in the 21st century, are so many pork projects for lawmakers’ constituencies that have nothing to do with defense.” That [...]
1May2006 | Sheldon Richman | 0 comments | ContinuedEconomic Illiteracy
Paul Cleveland is an associate professor of economics at Birmingham Southern College in Birmingham, Alabama.
Outing the fall semester, the first examination given to my principles-of-economics students included this:
Discuss the following statement: When an economic function is turned over to the government, social cooperation invariably replaces self-interest as the motivation for human action.
The proper answer to [...]
No Dog in that Fight
As satisfying as it was to see the World Trade Organization meeting reduced to dithering, no meticulous free trader could have taken sides in the confrontation last fall involving the WTO bureaucrats, the street mob, and the jackbooted Seattle police.
There were no “Free Traders Against the WTO” signs in sight. The free trade movement, such [...]
Politics By Principle, Not Interest: Towards Nondiscriminatory Democracy by James M. Buchanan and Roger D. Congleton
Cambridge University Press • 1998 • 191 pages • $49.95
William Peterson, a Heritage Foundation adjunct scholar, is Distinguished Lundy Professor Emeritus of Business Philosophy at Campbell University in North Carolina.
Said Plato: “Morality determines politics.” Which raises a question 2,500 years later for Nobel laureate James Buchanan and fellow economist Roger Congleton: Does politics determine morality?
Their [...]
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
