Restrictions on foreign trade all too often harm the very people they aim to protect: American consumers and producers. Trade restrictions limit the choices of what Americans can buy; they also drive up the prices of everything from clothing and groceries to the materials manufacturers use to...

Recent developments in environmental law have heightened the importance of the concept of "existence value" -- the value that individuals gain simply from the knowledge that certain environmental resources exist. These values are non-use values, hence they are said to be in the nature of a...

Proponents of unilateralism applaud the trade liberalization that has occurred since World War II as a result of the General Agreement on Tariffs and Trade, its successor, the World Trade Organization, and other regional and bilateral trade deals. Yet liberalizing trade in this way is, from the...

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Many organizations have characteristics that normally are associated with govern-ments, but which are created by private contract. Neighborhood associations and condominium associations are examples. These organizations often provide public goods, have the power to tax their members, and are...