While the short-term effects of the COVID-19 pandemic on lives and livelihoods are well understood, we know little about the effect of the pandemic for longer-term outcomes such as corruption. We look at the historical data on political and economic crises to assess what we can learn from the...

During the Financial Crisis of 2008, executive officials pushed the boundaries of their legal powers as well as successfully demanding broad, open-ended delegations of new powers. This paper closely analyzes the legal bases of the U.S. policy responses to the financial crisis, yielding insights...

Acknowledgements -- About the authors -- Introduction / Stephen Balch and Benjamin Powell -- Crisis and government power -- Crisis without leviathan? / Robert Higgs -- The rule of law during times of economic crisis / Todd Zywicki -- Fiscal crisis -- Fiscal crisis as a quality of progressivist...

Economists often prescribe that countries seeking economic development should embrace the principle of the rule of law. I want to suggest that we listen to our own advice and apply it to our monetary and financial system. The principle of the rule of law could usefully guide us in resolving the...

The aim of this paper is to explain what corporate governance is, what the principles of corporate governance are, what standards are formally valid at a global level (including both American and European rules) and how deviant practice appeared both prior to and during the financial crisis...