Public choice economists began studying the economics of anarchy in the 1970s. Since then, the amount of research on anarchy has burgeoned. This article surveys the important public choice contributions to the economics of anarchy. Following the lead of the early public choice economists, many...

Most people do not even consider the idea that society can be organized without a state. Anarchism is simply too idealistic or too different from the current world. But does that prove that a stateless society is unworkable or that it should not be pursued? Or does that prove that most social...

We evaluate statistics from the Social Science Research Network (SSRN) to see how much free-market economists are being read and ranked compared with mainstream economists. We find that under various rankings using SSRN data, the top free-market economists rank among the most-read authors in the...

How are markets possible under conditions of anonymity and lack of repeat dealing? Many scholars consider the problem of fraud as one that must be dealt with by law, but electronic commerce firms treat the problem of online fraud as a business problem, a problem of risk management. This article...

What keeps corporate managers from underperforming or disregarding shareholders interests? In contrast to most scholars and policymakers who believe legal and regulatory oversight is key, Henry Manne's Mergers and the Market for Corporate Control describes a private or entirely invisible hand...

Must the state handle the adjudication of disputes? Researchers of different perspectives, from heterodox scholars of law who advocate legal pluralism to libertarian economists who advocate privatizing law, have increasingly questioned the idea that the state is, or should be, the only source of...

Do weak governments around the globe merit assistance? The premise of When States Fail: Causes and Consequences is that without strong government, society devolves into chaos. Sponsored by the Harvard University Failed States Project, this edited volume contains fourteen chapters, most of them...

The Center for the Study of Public Choice has been quite successful at generating and spreading ideas. James Buchanan, Gordon Tullock, and their colleagues challenged many core beliefs of economists and political scientists who viewed government as benign force in the economy, and they ended up...

In the 1920s, Ludwig von Mises argued correctly that the problem of making economics calculations without market-generated prices would be an insuperable difficulty for socialist systems of production. Bryan Caplan is right to argue that there is no theoretical way to infer the magnitude of this...