Purpose – The purpose of this paper is to discuss a unique principal–agent dilemma, one that is very much off the beaten track. The relationship of the Popes pre-1500 and God was one full of emptiness and strain. The Catholic Church was saved by a positive externality of the printing press...

U.S. fiscal policy at the federal, state, and local level is on an unsustainable path. Although reformers look for ways to reduce spending on particular budget items, tomorrow's legislatures may easily reverse these cuts. In contrast, a change in the rules that govern the political process —...

Nozick (1977) was a methodological critique of the Austrian School of economics. He took the view that the praxeological school was guilty of a logical contradiction. On the one hand, it eschews the concept of indifference. On the other, it utilizes that of supply. But, Nozick argued, for there...

"For all too long, "environmentalism" has been a wholly-owned subsidiary of the political left. This book, however, makes the case that markets, free enterprise, limited government, private property rights are a far better way of addressing ecological challenges than are our present institutions...