We examine economic themes surrounding the superhero Captain America. When Steve Rogers became a super soldier, his production and consumption opportunities were expanded greatly, and yet the effect on his lifetime realized utility seems ambiguous. We explore the possibility that Captain America...

Many commentators claim Adam Smith failed to realize that no objective standard of value exists. Instead, he adhered to the labor theory of value. Like others, we argue that in the The Wealth of Nations Smith discussed the “early and rude state” in which the labor theory of value made some...

This piece is the Prologue to an _Econ Journal Watch_ symposium entitled, _Property: A Bundle of Rights?_ This Prologue was written to prompt the invited scholars to expound their own criticisms of the bundle-of-rights view, or, as the case may be, to address criticisms out there. The Prologue...

The Clean Air Act, widely considered the most complex environmental legislation in the United Sates, has not undergone any significant change since 1990. This Essay argues that the Clean Air Act’s ability to protect human health is limited by a failure to improve the Act to reflect modern...

The growing perception in the developed world that multi-national corporations conduct social and environmental exploitation abroad raises numerous questions about corporate social responsibility. That those corporations would not get away with, nor probably even attempt, such exploitation in...

With interest rates on fixed income investments hovering near historic lows, a growing cadre of retirement researchers has been sounding alarm bells regarding the unprecedented portfolio risk faced by consumers who are approaching retirement or recently retired. Their message is simple,...

We consider tests or confidence intervals on one of the components of multivariate M-estimates. We obtain marginal tail area approximations for the one-dimensional test statistic based on the appropriate component of the M-estimate for both standardized and Studentized versions. The result is...