Various developments in the world of corporate finance and taxes have given rise to an increased attention to the valuation of utility property tax and other purposes. As a result, there is a new interest in the techniques used to appraise utility property. This article identifies common...

Various developments in the world of corporate finance and taxes have given rise to an increased attention to the valuation of utility property tax and other purposes. As a result, there is a new interest in the techniques used to appraise utility property. This article identifies common...

In this article, I argue that a more useful and general theory about the fate of American cities in the last half of the 20th century must begin with a discussion of the treatment of capital and the security of property rights within their borders. In particular, I will focus on the powerful...

The Federal Reserve has a long history of creating aggregate demand bubbles in the United States (Niskanen 2003, 2006). In the ramp up to the Lehman Brothers' bankruptcy in September 2008, the Fed not only created a classic aggregate demand bubble, but also facilitated the spawning of many...