Former US president George W. Bush's idea of the United States as an "ownership society" can be considered as the rhetorical apex of a conservative, libertarian push for a more market- driven restructuring of American social institutions. Reformers in the Bush administration particularly...

Some citizens place a high value on making decisions for themselves. Other citizens are happy to delegate decisions to a government agency. Such differences in political attitudes to paternalism can be explained in a strict rational-choice model with citizens’ heterogeneous tastes in the...

Classical liberals have been more preoccupied by domestic policy and institutions than by international affairs. This paper makes the case for a classical liberal foreign policy outlook that could address the collective challenges facing free societies. In the United States, libertarian foreign...

Purpose – The paper addresses the question as to what kind of a redistribution of wealth created within a society is righteous. It aims to show that philosophically motivated libertarian economic conceptions of justice designed to rationalize the unacceptability of progressive taxation – in...

Purpose – The purpose of this paper is to revisit the debate and reorient research on corporate social responsibility (CSR), empirically documents the political-ideological biases inherent in CSR. It concludes with possible remedies to this problem. Design/methodology/approach – The approach...

Weak conditions are provided under which society's long-run distribution of wealth is independent of initial asset holdings.

How promising is Bitcoin as a currency? This paper discusses four claims on the advantages of Bitcoin: a more stable currency than state-backed ones; a secure and efficient payment system; a credible alternative to the central management of money; and a better protection of transaction privacy....

We study experimentally when, why, and how people intervene in others’ choices. Choice Architects (CAs) construct opportunity sets containing bundles of time-indexed payments for Choosers. CAs frequently prevent impatient choices despite opportunities to provide advice, believing Choosers...