Winner of the 2010 Hayek Book Prize given by the Manhattan Institute"Money, Markets and Sovereignty is a surprisingly easy read, given the complicated issues covered. In it, Mr. Steil and Mr. Hinds consistently challenge today's statist nostrums."-Doug Bandow, The Washington TimesIn this keenly...

This paper presents a new and intriguing application of law and economics to public international law. Building upon Calabresi's seminal paper in which he argues that tort law should be regarded as a regulatory regime for the control of negative externalities, I argue that public international...

We develop a dynamic political economy model in which investment in the state capacity to levy taxes and deter crime is a policy variable, and we study the evolution of state capacity when policy is chosen by an elite. We show that democratization in the sense of expansion of the elite leads to...

Since the independence of Morocco from France in 1956, the area known as Western Sahara has been in dispute between several parties including Morocco, Spain [who previously administered it], Algeria, Mauritania, and the Saharawi Arab Republic. In recent years, Spain and Mauritania have...

In this Brenden Brown Lecture delivered at Loyola New Orleans Law School in April, 2011, I address how imported foods often produced under heavy subsidization are quickly displacing locally grown subsistence foods in poor countries. As a result, local peoples in many countries have lost their...