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Understanding whether the gradient in children’s health becomes steeper with age is an important first step in uncovering the mechanisms that connect economic and health status, and in recommen...
Max Hartwell’s paper gives usa picture of the good old days. Having just paid my taxes, or at any rate the federal-income-tax portion of them, Jam not inclined to view favorably any level of taxes o...
One feels constrained to step lightly in an examination of the Laffer curve. Laffer contends that higher tax rates, by removing incentive, will discourage work, lead to less output, and thereby redu...
At the outset I think it is important to recognize a fundamental conceptual distinction. That distinction is between wildlife as an input into a production process and wildlife as an output valued b...
The role of the critic is always enjoyable when it affords an opportunity to set the record straight. I am afraid, however, that no such opportunity is afforded here, for Professor Wagner has himsel...
First class postage rates have been raised once again in an effort to curb the Postal Service’s financial problems. This scenario, which has taken place regularly every two or three years, has resul...
Leland Yeager’s (1985) essay, “Rights, Contract, and Utility in Policy Espousal,” contains convincing criticisms of natural rights doctrines as well as ofcontractarianism. Nevertheless, I have some ...
In his lively and provocative paper, Charles Baird seeks to establish that “the economics of James Buchanan has much in common with modern Austrian economics.” I am prepared to agree that Baird has ...
In a recent article in thisjournal, John R. Lott, Jr. (1987), argued that the best explanation for public provision of education is the need of politicians to indoctrinate the populace to accept the...
In a recent issue of the Cato Journal, Scott Sumner (1991) discussed the development of proposals to stabilize economic aggregates. He described early proposals to stabilize the price level by using...
Can banking systems regulate themselves? Hardly anyone thought so adecade ago. Since then numerous writings (see Selgin andWhite 1994) have defended the opposite view. Critical responses to these w...
James Buchanan has succinctly restated the Tiebout tradition of federalist analysis. The foremost contribution of federalist structures is to minimize political coercion in society and thereby to pr...
James Meigs’s (1997) essay constitutes a valuable contribution to the vast literature on the origins and lessons of Mexico’s peso collapse in 1994. An adequate response to Meigs’s complex argument w...
Over the last three decades or so public choice economists have raised a long list of reasons why governments fail. Thus, public choice theory can be seen as a theory of government failure.
Hugh Thomas’s proposal inthe Fall 2000 Cato Journal for a comprehensive reform package to deregulate banking—with a view to strengthening market discipline on financial intermediaries, reducing the...

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