One of the most controversial aspects of Hayek's social theory was his acceptance of the concept of cultural group selection. The publication of Unto Others: The Evolution and Psychology of Unselfish Behavior provides an opportunity to revisit this much-maligned component of Hayek's thought....

One of the most controversial aspects of Hayek's social theory was his acceptance of the concept of cultural group selection. The publication of "Unto Others: The Evolution and Psychology of Unselfish Behavior" provides an opportunity to revisit this much-maligned component of Hayek's thought....

Competition authorities have several tools at their disposal in crafting a competition policy. Most prominent are litigation and merger review. A less-recognized but often effective tool, however, is "competition advocacy." Broadly, competition advocacy is using persuasion, rather than coercion,...

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...

For years, economists and lawyers have bemoaned the inefficiencies of the current centralized, command-and-control regime of environmental regulation. Despite the manifest failure of the current regime, however, the system of environmental regulation seems to be largely immune to rationalization...

Using public choice tools, this article examines why tort reform is necessary but also elusive. Identifying the demand-side and supply-side forces that have caused tort law to evolve away from efficient rules, the article shows why the courts are an unlikely venue for meaningful tort reform....

This essay reviews David A. Skeel, Jr., Debt's Dominion: A History of Bankruptcy Law in America. Although nominally a book about the history of bankruptcy law in America, Skeel's book is a comprehensive analysis of the past, present, and future of bankruptcy law in America. Skeel divides the...