The United States and many other countries are now experiencing the first major financial crisis in over 75 years, a condition that too many people have been quick to blame on an outbreak of greed that they claim is characteristic of capitalism. Blaming a financial crisis on greed, however, is...

A response to a comment made by Meryck Freeman on the paper of the same name. We believe that the value of benefit flows to private investors and local governments is based on the actual interest rates which each faces, not the "correct" rates which each should face

Defeat of a proposed constitution for the European Union by voters in France and the Netherlands in 2005 should have provided an opportunity to reflect on a broader range of alternative political and economic futures for Europe. But it did not. For the Lisbon Treaty, which became effective in...

Bureaucracy and Public Economics brings together in one volume the classic book and related articles which put forward the first formal economic theory of the behaviour of bureaucracies. William Niskanen Jr. has consistently argued that bureaucrats have personal objectives – that differ from...

Policy Analysis and Public Choice is an important selection of articles written by William A. Niskanen over the last thirty years. The volume represents two quite different disciplines to which Niskanen has made a major contribution: policy analysis and public choice. It also includes his major...

This book presents simple models of the major alternative types of political regimes, estimates of the parameters of these models, and quantitative estimates of the fiscal choices and economic outcomes of these regimes. William Niskanen provides valuable analysis of the effects of the voting...