This report analyzes the old proposed General Plan Update and the Economic Impact Analysis (EIA) conducted by Applied Development Economics, Inc. We find that the economic analysis for the county is based on false premises and faulty economic logic. The future General Plan Update should seek to...

The first half of the chapter outlines positive criticisms of neoclassical law and economics from the viewpoint of Austrian economics. Because Austrians believe that calculation of economic costs and benefits requires a system of property rights, we cannot use economics to determine those very...

This report assesses RAND Corporation’s cost benefit analysis and finds that it significantly overestimates the upsides and drastically underestimates the downsides of universal preschool and the California proposal. Using RAND's own data and alternative assumptions based on the studies they...

Murray Rothbard (1926-1995) was an Austrian and libertarian economist who held views far outside the accepted mainstream. He was what can be considered a heterodox political economist writing from a libertarian point of view. Rothbard eventually came to the conclusion that there was no economic...

Purpose – The purpose of this paper is to analyze some of the unseen negative effects of the post-Katrina government policies dealing with housing in New Orleans. Design/methodology/approach – Since Hurricane Katrina, the government, along with private for profit and not-for-profit...

Inspired by Holcombe's (2004) argument that government is inevitable, this paper reconsiders some of his claims. We contend that his argument fails on two counts: it both fails to show that anarchy must break down and that limited government will not. The arguments Holcombe raises against the...

This article examines some of the reasons why banks and insurance companies have been accused of discrimination, and shows that this is by and large a false accusation. Economic analysis demonstrates that racial discrimination is not a profit-maximizing strategy. Actually, unwise public policies...

This essay reviews the origins and development of the debate over the “efficiency of the common law hypothesis.” The essay begins with the earliest explanation for the observed tendency of the common law as proffered by Richard Posner. It then examines the Rubin-Priest and contemporary...

This article provides a critical analysis of Frye (2000) and existing theories of self-governance. Following up on the recent studies by Stringham (2003, 2003), we focus our attention on the emergence of financial markets for several reasons. The common perception is that complicated financial...