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.
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.
Emile Durkheim said that when all of the members of a tribe or clan come together, they can sanctify the sacred and experience a spiritual “effervescence.” Friedrich Hayek suggested that certain genes and instincts still dispose us toward the ethos and mentality of the hunter-gatherer band and that modern forms of political collectivism have, in part, been atavistic reassertions of such tendencies.
Licensing requirements for US private security firms and guards differ substantially from state to state. State regulatory institutions for this industry also vary considerably. Some states have specialized regulatory boards with industry personnel (guards, firm owners) and/or public police as board members, while others rely on non-specialized regulators such as Departments of Commerce, State, Professional Regulation, or Consumer Affairs.
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.