Spanish Abstract: Dirijo estas cartas dos amigos imaginarios. En la primera, a un libertario de libre mercado, reconozco las fortalezas de su posición, pero argumento que la posición libertaria básica se debe actualizar a la luz de los desarrollos del mundo financiero y corporativo, y de la...

Show me a continent, country, region, state or city that is liquid, stable, and growing, with socio-political harmony, and I will show you it is optimizing its public assets. Show me one that is illiquid, unstable, and declining, with socio-political disharmony, and I will show you it is not...

Economic growth is below what would be needed to resume rapid convergence to average OECD living standards. On-going efforts to improve the business climate are laudable, but need to be widened and strengthened. Much progress has been achieved in reducing red tape, but it is only recently that...

The inefficiency, corruption and lack of accountability that afflict public administration in Russia impose substantial direct costs on both entrepreneurs and ordinary citizens. This paper examines the major weaknesses of Russia’s public administration and assesses the government’s recently...

Among the most innovative provisions of the Federal Land Policy and Management Act (FLPMA) of 1976 were those called for the Bureau of Land Management (BLM)to designate public lands as “areas of critical environmental concern” (ACECs) for protective management. In fact, FLPMA made it quite...

Chile, whose public has experienced widespread dissatisfaction with Chilean environmental policies, seems poised to use the ongoing redrafting of its constitution to entrench the public trust doctrine in its fundamental charter. The ancient doctrine, emanating from Roman law and reflected in the...

One of the most distinctive characteristics of the U.S. telephone system is that it has always been privately owned, in stark contrast to the pattern of government ownership followed by virtually every other nation. What is not widely known is how close the United States came to falling in line...

In addition to prompting the development of the Coase Theorem, Ronald Coase’s landmark 1959 article on The Federal Communications Commission touched off a revolution in spectrum policy. Although one of Coase’s proposed reforms (that spectrum should be allocated through markets) has now...

The article examines governmental policies for the revitalization of the shipbuilding industry in Brazil since the mid-2000s. It analyzes such policies from the perspective of their political-institutional arrangements. In order to evaluate both the political capacities and...

The article examines governmental policies for the revitalization of the shipbuilding industry in Brazil since the mid-2000s. It analyzes such policies from the perspective of their political-institutional arrangements. In order to evaluate both the political capacities and...