- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Money and the Rule of Law
Daniel J. Smith, Alexander William Salter, and Peter J. Boettke announce the publication of their new book from Cambridge
- | Expert Commentary Expert Commentary
An Urgent Need to Reform the Country’s Legislative Processes
The 52nd amendment to India's consitution often prevents legislators from voting their conscience. Read more at Mint.
- | Expert Commentary Expert Commentary
The Capitol Insurrection Through the Lens of Chinese Propaganda
China is closely watching the effects of the Jan. 6 riot on America’s democratic institutions. Read more at Discourse.
- | Expert Commentary Expert Commentary
The Judiciary Mustn’t Violate the Separation of Powers
No matter how good its intentions, legislating from the bench is not the court's job. Read more at Mint.
- | Expert Commentary Expert Commentary
Defusing the Judicial Confirmation Process
Supreme Court confirmation fights have become far too heated, but a written, bipartisan compact could help lower the temperature
- | Expert Commentary Expert Commentary
Not His Business
President Trump delights in chiding the left wing of the Democratic party for its embrace of socialism. And rightly so. As a

- | Regulation Regulation
- | Expert Commentary Expert Commentary
The Great Facial Recognition Technopanic of 2019
The Pessimists Archive is an entertaining Twitter account with a corresponding podcast that documents past examples of societal

- | Expert Commentary Expert Commentary
Six Broader Insights From the Kavanaugh Saga So Far
Tyler Cowen shares his thoughts on the Kavanaugh hearings and their implications for Americans culture and politics.
- | Government Spending Government Spending
- | Expert Commentary Expert Commentary
Why U.S. GDP Growth Stays in the Cellar
While how we tax, spend and participate in the global economy surely matters, we know that future GDP growth, wages, salaries, improved healthcare and even paying college tuition depend on improvements in labor productivity. Let’s face it: If all of us hope to get more stuff, we will just have to produce more stuff.
- | Expert Commentary Expert Commentary
Institutions Matter: First Amendment vs. The French Laïcité
[The laïcité] the opposite of the First Amendment in that, rather than tolerating everyone’s religion and keeping the government at bay, it allows the state to ban any sign of religion in public spaces. It claims to be about tolerance but it is, in fact, the opposite of it.
- | Expert Commentary Expert Commentary
Forfeiture and Criminal Proceedings
You properly denounce Philadelphia's abominable practice of civil forfeiture to boost its revenues ("What's Yours Is Theirs," Sept. 3). Much blame for this frightening state of legal affairs belongs to the late Chief Justice William Rehnquist.
- | Technology and Innovation Technology and Innovation
- | Journal Articles Journal Articles
“Agency Threats” and the Rule of Law: An Offer You Can’t Refuse
Scholars and practitioners have documented how regulatory agencies have increasingly relied on guidance, best-practice documents, policy statements, and other informal pronouncements to achieve regulatory ends. Agencies often do so to avoid executive regulatory review and other accountability measures that ostensibly slow the regulatory process. This paper adds to this growing literature to incorporate policymaking through the issuance of completely unenforceable threats.
- | Academic & Student Programs Academic & Student Programs
- | Journal Articles Journal Articles
Does the Lack of a Profit Motive Affect Hiring in Academe? Evidence from the Market for Lawyers
The comparative performance of academic and economic markets continues to be debated. One factor potentially distinguishing academic markets is the profit motive.

- | Academic & Student Programs Academic & Student Programs
- | Journal Articles Journal Articles
Securing Private Property: Formal versus Informal Institutions
Property rights are one of the most fundamental and highly robust institutions supporting economic performance. However, the channels through which property rights are achieved are not adequately identified.

- | International Freedom and Trade International Freedom and Trade
- | Journal Articles Journal Articles
Taking Institutions Seriously
This essay uses the Philippines as a case study to suggest what is wrong with leading development prescriptions.
- | F.A. Hayek Program F.A. Hayek Program
- | Journal Articles Journal Articles
Race, Politics, and Punishment
This paper empirically evaluates two competing theories of electoral accountability in the context of New Orleans’ 2006 mayoral election. According to the democratic efficiency theory, voters can successfully punish ineffective political agents by removing them from office. In contrast, the public choice theory argues that the bundled nature of political goods prevents voters from successfully holding ineffective politicians accountable.

- | F.A. Hayek Program F.A. Hayek Program
- | Journal Articles Journal Articles
Trial By Battle
For over a century England's judicial system decided land disputes by ordering disputants' legal representatives to bludgeon one another before an arena of spectating citizens. The victor won the property right for his principal. The vanquished lost his cause and, if he were unlucky, his life. People called these combats trials by battle. This paper investigates the law and economics of trial by battle.

- | F.A. Hayek Program F.A. Hayek Program
- | Working Papers Working Papers
Trial by Battle
For over a century England's judicial system decided land disputes by ordering disputants' legal representatives to bludgeon one another before an arena of spectating citizens. People called these
