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.
This essay examines Virgil Storr’s Understanding the Culture of Markets particularly the relationship between cultures and constitutions and the particulars of the ideal-typical ‘spirit’ of capitalism.
We know that forty-nine of the fifty US states are running deficits despite being constitutionally required to balance budgets. How is that possible? In Deficits, Debt, and Democracy, Richard E. Wagner wrestles with this and other questions in regard to the fiscal commons.
The United States prison system is a potent example of American exceptionalism. No other country incarcerates nearly as many people. To give some perspective, if all 2.2 million prisoners constituted their own city, they would be the fourth largest in the country, just short of Chicago.
Public officials have blamed Wall Street and its complex financial products for causing the 2008 economic downturn. This article addresses three popular claims saying that complex financial markets are at fault and need more regulation.
Elected leaders delegate rulemaking to federal agencies, then seek to influence rulemaking through top-down directives and statutory deadlines. This paper documents an unintended consequence of these control strategies: they reduce regulatory agencies’ ability and incentive to conduct high-quality economic analysis to inform their decisions.
Professor of Public Policy at George Mason University Kenneth Button shares the story of how air cargo deregulation in the 1970s paved the way for low-cost, reliable overnight shipping, which in turn allowed for groundbreaking new e-commerce businesses like Amazon and eBay. These innovations enable everyone to get their presents on time for the holidays – almost as fast as delivery by Santa himself!
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.
The authors show how the lines between the intimate order and the extended order can become blurred in a post-disaster context. They present narratives that guided the strategies of people who returned to participate in the rebuilding of their communities following Hurricane Katrina.