Market Monetarism: Roadmap to Economic Prosperity is a re-examination of post-World War II economic history, focused mainly on the United States but also including cases such as the infamous Japanese “Lost Decade,” from an explicitly Market Monetarist perspective.
This paper discusses the key elements of the theory of social-political change and highlights the connections to public choice (especially the Virginia School) and new institutional economics (especially the Bloomington School).
Peter Boettke provides an introduction and commentary to a minisymposium with papers by Scott Scheall as well as Gabriel Zanotti and Nicolas Cachanovsky dealing with subtle interpretations of the methodological positions of Ludwig von Mises and F.A. Hayek.
Using monthly US data on project-grant awards in 2009 and 2010, we study which objectives presidents pursue in distributing resources. We also address theoretical and empirical ambiguities regarding when and which congressional districts receive distributive benefits. Our results show that core constituencies of the president’s party receive more federal funding in both presidential and congressional elections.
In a new study for the Mercatus Center at George Mason University, scholars Anna Mills and Edward J. Timmons examine differences in licensing requirements state-to-state and over time to explore the effect that optician licensing has on practitioner earnings.
This paper provides an exploratory analysis into factors contributing to differences across states in recidivism rates. We provide the first such examination that incorporates differences in economic freedom.
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.