Economists have addressed the effect of taxes on a polity, with several economists then using their findings to justify the implementation of various tax schemes. These theories are loosely based on the ideas of fiscal philosophers from the end of the 19th century, with recent work demonstrating...

Traditional public choice analysis implicitly views political outcomes as the intention of a single-minded person. This view is seriously misguided. Rather than viewing politics as being done by one person or a group of persons acting in concert, this paper presents an Austrian economist's...

Monetary authorities around the world have promised a safer money and that they would use this new authority to prevent future economic calamities. This claim has been met with abject failure throughout the history of central banks. Two questions emerge from: why do central bankers almost...

This paper examines the private provision of road. One could imagine that private road commissions would act as a monopoly, charging prices in excess of competitive levels, restricting access to the roads, and failing to maintain their roads at a competitive standard. To analyze this claim, I...

Traditional public choice analysis implicitly views political outcomes as the intention of a single-minded person. This view is seriously misguided. Rather than viewing politics as being done by one person or a group of persons acting in concert, this chapter presents an Austrian economist’s...