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A theoretical and empirical study of agricultural contracts and organization based on the transaction cost framework.
"In Hot Talk, Cold Science, Fred Singer looks at the issue of climate change the way a physicist should. He asks probing questions and offers reasoned possibilities. He notes the obvious weaknesses that others too often ignore.... Fortunately, some like Dr. Singer still prefer the joys and value of scientific inquiry." —Richard S. Lindzen, Alfred P. Sloan Professor Emeritus of Meteorology, M.I.T. The revised and expanded third edition of Hot Talk, Cold Science forms the capstone of the distinguished astrophysicist Dr. S. Fred Singer's lucid, yet hard scientific look at climate change. And the book is no less explosive than its predecessors—and certainly never more timely. Singer explores...
This new seventh edition of the book offers extensive discussion of information, uncertainty, and game theory. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. These discussions generally describe recent research published in scholarly books and articles, giving students a good idea of the scientific work done by professional economists. In addition, at appropriate places the text provides 'applications' representing more extended discussions of selected topics including rationing in wartime (Chapter 5), import quotas (Chapter 7), alleged monopolistic suppression of inventions (Chapter 9), minimum wage laws (Chapter 11), the effects of Social Security upon saving (Chapter 15), fair division of disrupted property (Chapter 16) and whether individuals should pay ransom to a kidnapper (Chapter 17).
In this detailed economic investigation of sustainable development, a noted professor of economics argues that many of the alarms commonly sounded by environmentalists are, in fact, unfounded, and that current sustainable development policies should be reconsidered in light of their effects on the earth's human population, such as increased poverty and environmental degradation in developing countries. In a rare balanced counterpoint to popular sustainable development rhetoric, Professor Beckerman forces policy makers to consider whether future generations have rights that morally constrain and trump the claims of those alive today, particularly the masses of people living in dire poverty, arguing that the current sustainable development program is a menace to the prosperity and freedom of both current and future generations.
How to adapt democracy to the accelerating pace of technological change—and why it's critical that we do Successful democracies throughout history—from ancient Athens to Britain on the cusp of the industrial age—have used the technology of their time to gather information for better governance. Our challenge is no different today, but it is more urgent because the accelerating pace of technological change creates potentially enormous dangers as well as benefits. Accelerating Democracy shows how to adapt democracy to new information technologies that can enhance political decision making and enable us to navigate the social rapids ahead. John O. McGinnis demonstrates how these new techn...
Do Americans have a constitutional right to bear arms? Or is this power vested solely in government? Recent years have seen a sea change in scholarship on the Second Amendment. Beginning in the 1960s, a revisionist view emerged that individuals had a "right" to bear arms only in militia service—a limited, collective right. But in the late 1980s a handful of scholars began producing an altogether persuasive analysis that changed thinking on the matter, so that today, even in canonical textbooks, bearing arms is acknowledged as an individual right. Stephen Halbrook's The Founders' Second Amendment is the first book-length account of the origins of the Second Amendment, based on the Founders' own statements as found in newspapers, correspondence, debates, and resolutions.
This pioneering textbook takes a thematic approach to the subject, resulting in a comprehensive understanding of historic economic issues in the United States. Siegler takes a thematic approach, and provides both the theoretical foundations and historical background needed to gain an in-depth understanding of the subject. Every chapter examines a specific topic, and the chapters are linked to each other to provide an overall view. The chronological approach is represented with a useful timeline as an appendix to show where the specific topics fit in the chronology. Chapter topics include: long-run causes of economic growth; economic history of income and wealth inequality; slavery, segregation, and discrimination; immigration and immigration policies; and an economic history of recessions and depressions. This book is ideally suited as a primary text for undergraduate courses in US economic history, as well as suitable courses on history degree programmes.
Providing students of economics, politics, and policy with a concise explanation of public choice, markets, property, and political and economic processes, this record identifies what kinds of actions are beyond the ability of government. Combining public choice with studies of the value of property rights, markets, and institutions, this account produces a much different picture of modern political economy than the one accepted by mainstream political scientists and welfare economists. It demonstrates that when citizens request that their governments do more than it is possible, net benefits are reduced, costs are increased, and wealth and freedom are diminished. Solutions are also suggested with the goal to improve the lot of those who should be the ultimate sovereigns in a democracy: the citizens.
"This book could not be timelier. Benjamin Ginsberg uses his deep knowledge of Jewish history to show that Jews, long identified with leftwing causes, in many ways, are not natural allies of the left. A culture of separateness and high achievement make the Jews vulnerable to political pathologies from wherever they come— and two of the most destructive, anti-Zionism and wokeism, come from the left. With the help of fascinating detail, this book shows that Jews need neither right nor left but a society based on the universal values they brought into the world many centuries ago." — David Satter, author of Age of Delirium: The Decline and Fall of the Soviet Union The New American Anti-Semi...
A balanced and sophisticated analysis of the true costs, benefits, and consequences of enforcing drug prohibition is presented in this book. Miron argues that prohibition's effects on drug use have been modest and that prohibition has numerous side effects, most of them highly undesirable. In particular, prohibition is shown to directly increase violent crime, even in cases where it deters drug use. Miron's analysis leads to a disturbing finding—the more resources given to the fight against drugs, the greater the homicide rate. The costs and benefits of several alternatives to the war on drugs are examined. The conclusion is unequivocal and states that any of the most widely discussed alternatives is likely to be a substantial improvement over current policy.