Since the mid-1930s state and local governments have issued tax- exempt industrial revenue bonds (IRBs) to finance selected busi- ness enterprises. The original argument for the creation of IRB tax exemptions is the same as that for their present day continuation: Private capital markets...

A social contract theory of government can be used to place a stamp of approval on all, or most, of the actions of the existing government (for example, Rousseau). Thus, the theory of the divine right of kings began as a check on government, as an order to the King to stay within...

The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions,...