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Since the passage of the Landrum-Griffin Act,2 scholars have struggled with the question of how unions should be managed. Largely, the debate has centered on the question of how much democracy is th...
This paper approaches the question of whether and how consumers as “consumer citizens” establish consumer democracy. It will do so by drawing on various theoretical building blocks from sociology. The...
In terms of protecting personal liberty, no provision of the Constitution is more important than the second sentence of the Fourteenth Amendment’s Section 1, which states: No State shall make or en...
The Inflationary Bias of Government and Problems of Monetary Constitutions The present age of discretionary monetary policies, which began in 1914, has turned out to bean age of permanent inflation...
The existence of substantial barriers to interstate trade is one of the more surprising aspects of the public policy environment. Barriers to trade are generally familiar to students of public polic...
Freedom (with accountability) is the key to both prosperity and to any reasonable and realistic conception of fairness. Only with entrepreneurial freedom will the innovation required to increase pro...
Introduction The functioning of a market economic order, or capitalism, is not discussed in The Calculus of Consent. The purpose of the public choice classic by Buchanan and Tullock was to examine ...
If industry and labor are left to take their own course, they will generally be directed to those objects which are the most productive, and this in a more certain and direct manner than the wisdom ...
China’s leaders understand the basis for Hong Kong’s stability and prosperity. In particular, they recognize that the adoption of Hong Kong’s institutional and policy mix would go a long way toward ...
A Random-Walk Monetary Standard What is meant by a “random-walk monetary standard?” Does it mean that monetary policy is a random choice? Or that the central bank acts randomly? Of course not. Cert...
The Absence of a Monetary Constitution There exists no monetary constitution, as such, in the United States, What does exists is an institutionally established authority charged with an ill-defined...
A MONETARY CONSTITUTION FOR EUROPE?
You cannot change the form of property without changing the form of power. . . . [un Communist countries the economy, in the final analysis, is the means of politics. The economy is ruled and contro...
As South Africa continues to strive toward constitutional reform, it seems appropriate to examine normative public choice theory for insights that might be relevant to the South African constitution...
The importance of monetary stability derives from the significant independent influence of monetary change on the subsequent course of economic activity. If money did not matter at all or were of o...

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