The Homo economicus of traditional economics is far from being completely self-interested, rational, or as individualistic as he is purported to be; he will haggle to death over price but will not take what he wants by force. Implicitly, he is assumed to behave ruthlessly within a welldefined...

Both a general description of the person and a special case of management of human activities have been developed. The information space for describing of a person’s behavior and activity is constructed. A classification for control objectives is constructed: a goal’s space for head is...

During the past few years arbitration has been under attack. Recent judicial decisions, newly enacted and proposed legislation, and populist sentiments are important and obviously can result in significant changes. But many of the criticisms leveled at arbitration can be addressed and, most...

The various subdisciplines within the emerging ‘new institutionalism’ in economics all draw special attention to the legal-political constraints within which economic and political agents choose. By changing the name of his research programme to Constitutional Political Economy Buchanan...

Learning from BP's disastrous oil spill in the Gulf of Mexico means understanding why extraction technology innovations flourished while cleanup and prevention technologies stagnated. Only then can we fruitfully identify the kinds of changes to the governance regime that might prevent this sort...

Secession of Southern Sudan is a de facto situation which has to be dealt with wisdom to avoid future clashed that may escalate. Additionally, the mutual use of resources is inevitable for both sides. The tribal structure in both South and North necessitate establishing new code of dealing with...

The Mississippi Gulf Coast is famous for its shrimp, oysters, and crabs. Seafood is an essential part of both the culture and the diet of coastal residents. The last five years have been hard on the seafood industry, first with Hurricane Katrina, then the national recession, and then the Deep...

This paper develops an expanded framework for social planning in which coercion stemming from the provision of public goods is explicitly acknowledged. Key issues concern the precise definition of coercion, its difference from redistribution, and its incorporation into social welfare...

What is politics? An oddity of political philosophy is that it spends so little time answering this question. By contrast, "What is law?" is almost universally considered the chief question of legal philosophy, and "What is morality?" is a question moral philosophers regularly address. But...