Economic Welfare presents an important collection of leading writings in the fields of policy evaluation. The volume focuses on the conceptual issues behind welfare economics, drawing upon contributions from economics, moral philosophy and social philosophy. The selected readings are designed to...

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This brief document introduces the EJW-Mercatus symposium on sovereign debt tipping points and crash dynamics. It explains the motivation for the symposium, chiefly the need for the imaginative formulation and analysis of possible scenarios. The symposium itself contains contributions by Jeffrey...

I consider models of political failure based on self-deception. Individuals discard free information when that information damages their self-image and thus lowers their utility. More specifically, individuals prefer to feel good about their previously chosen affiliations and shape their...