Articulate knowledge entails the triad: information, interpretation, and judgment. Information is the reading of the facts through a working interpretation. Much of modern political economy has miscarried by discoursing as though interpretation were symmetric and final. This move has the effect...

"It would be beneficial for economists who follow in the tradition of Smith and Hayek to establish an identity whilst accentuating heterogeneity. Existing labels do not really adequately describe the Smith-Hayek character." Copyright (c) 2007 The Author. Journal compilation (c) Institute of...

This piece is the Prologue to an _Econ Journal Watch_ symposium entitled, _Property: A Bundle of Rights?_ This Prologue was written to prompt the invited scholars to expound their own criticisms of the bundle-of-rights view, or, as the case may be, to address criticisms out there. The Prologue...

A consensus is emerging among transportation economists that the best way to deal with freeway congestion is to charge for driving during peak hours. The main barrier to implementation is political: drastic change is politically unpopular. This paper proposes a way of overcoming the political...

A sample of 299 U.S. economics professors responded to our 2010 survey. This paper reports on their views on 17 policy issues. We relate attitude toward liberalization to political-party voting. Abortion and occupational licensing are among the questions novel to the survey. We also look at...