1. Introduction -- 2. Markets over governments -- 3. Competition over cooperation and monopoly -- 4. Consumers over citizens -- 5. Management over labor -- 6. Growth over progress, justice, and equality -- 7. Conclusion.

“Symbolic consumption” is formally unrelated to “second-order preferences”, but the ability to symbolically consume and the ability to have preferences about one's preferences are each uniquely human characteristics. The major question addressed in this paper is this: are symbolic...

The century-long decline in the amount of time spent working for income has been reversed over the last twenty-five years. By one account, this reversal is primarily traceable to a rise in the power fo employers who find more work hours per employee to be in their interest. By another account,...

The conventional argument to explain how taxes distort points out that the relative mix of private goods is altered by taxes. This argument breaks down, however, when it is recognized that a lump-sum alters the relative mix of goods as long as goods differ their income elasticities. This paper...