Economist James M. Buchanan is winner of the 1986 Nobel Prize in Economic Science and Professor of economics at George Mason University. He is best known for developing the "public choice theory" of economics, which changed the way economists analyze…
Emily Chamlee-Wright is a senior research scholar and Board Member at the Mercatus Center at George Mason University. Her primary research interests include development economics, cultural economics, and indigenous markets in Sub-Saharan Africa.
Charles A. Dana Professor of Economics, St. Lawrence University
Steven Horwitz is a Mercatus Center Affiliated Senior Scholar, the Charles A. Dana Professor of Economics and department chair at St. Lawrence University in Canton, NY. He completed his MA and PhD in economics at George Mason University and…
Associate Professor in the Area of Energy, Economics and Law, Rawls College of Business, Texas Tech University
Faculty Affiliate, Free Market Institute at Texas Tech University
Edward P. Stringham is an Associate Professor in the Area of Energy, Economics and Law in the Rawls College of Business at Texas Tech University. He is also a faculty affiliate of the Free Market Institute at Texas Tech University.
August 29th marks the 10th anniversary of Hurricane Katrina making landfall as a Category 3 hurricane. The failure of the storm surge protections from Florida to Texas, and especially in New Orleans, is considered one of the worst engineering failures by the Army Corps of Engineers in its history. The policy responses from local, state, and national public officials are also considered to have been woefully inadequate. The entire episode represents a classic case study in how government failure can compound the fury of nature through the folly of man. Peter Boettke discusses the lessons we can learn.
Mercatus PhD Fellow Vipin Veetil, along with Akshaya Vijayalakshmi and Srikanth Viswanathan, address Amartya Sen's criticism of cash-transfer programs such as education vouchers in the Wall Street Journal.
Rebounding after disasters like tsunamis, hurricanes, earthquakes, and floods can be daunting. Communities must have residents who can not only gain access to the resources that they need to rebuild but can overcome the collective action problem that characterizes post-disaster relief efforts.