Infrastructure resources are the subject of many contentious public policy debates, including what to do about crumbling roads and bridges, whether and how to protect our natural environment, energy policy, even patent law reform, universal health care, network neutrality regulation and the...

From 1938 to 1950, there was a spirited debate about whether decreasing-average-cost industries should set prices at marginal cost, with attendant subsidies if necessary. In 1938, Harold Hotelling published a forceful and far-reaching proposal for marginal cost pricing entitled "The General...

This paper proposes and compares different characterization of what an economic expert is — his/her role, functions and legitimacy — according to different conceptions of economics: welfarism, libertarian paternalism and positive political economy. We show that both welfarism and libertarian...

James M. Buchanan received the 1986 Nobel Prize in economics for his work on public choice theory. Indeed, Buchanan was one of the first who proposed to use economics to analyze political and constitutional phenomena. But Buchanan was not only interested in public choice, constitutional...

How do economists defme democracy? Such is the question this paper tries to deal with. We contrast two economists' views on democracy. First, we show how, within the framework of public choice theory, the use of the tools and methodology of mainstream economic analysis, the focus put upon...

The thesis that judges could (voluntarily or not) promote efficiency through their decisions has largely been discussed since Posner put it forward in the early 1970s. There nonetheless remains a methodological aspect that has never (to our knowledge) been analyzed and that we address in this...