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A NOTE ON LAW, PROPERTY RIGHTS, AND AIR POLLUTION
PROPERTY RIGHTS AIR POLLUTION Coase Theorem
2008/12/8
Introduction
Murray Rothbard (1982) fails to place the Coase theorem in its
proper intellectual perspective as a contribution to economics and
misses the power of Coase’s observation. The ironic pa...
RULES VERSUS COST-BENEFIT ANALYSIS IN THE COMMON LAW
economic liberty COMMON LAW COST-BENEFIT ANALYSIS
2008/12/8
When they speak so resonantly of “public policy,” do lawyers have
the slightest idea what they’re talking about?
—B. A. Ackerman’
JUDICIAL CONTROL OF THE POLITICAL BRANCHES：PUBLIC PURPOSE AND PUBLIC LAW
JUDICIAL CONTROL POLITICAL BRANCHES PUBLIC PURPOSE PUBLIC LAW
2008/12/8
The Supreme Court of the United States long has enjoyed a history
of economic error,1 especially in its reviews of actions taken by the
political branches of government. In defense of the Court, we ...
LABOR LAW AND THE FIRST AMENDMENT
LABOR LAW Labor Management Relations Act Labor Management Relations Act
2008/12/8
Lane Kirkland, the president ofthe AFL-CIO, recently claimed that
the reason why labor unions are currently unpopular is “for the same
reason journalists are unpopular. We both assert our First Amen...
LABOR LAW AND LABOR-MANAGEMENT COOPERATION：Two INCOMPATIBLE VIEWS
National LaborRelations Act Department of Labor
2008/12/5
There are few informed observers of the labor-management scene
who do not agree that U.S. labor relations and its institutions need
fundamental reform. In two earlier papers (Baird 1985b, 1987), I
...
ECONOMIC SIGNIFICANCE OF BRITISH LABOR LAW REFORM
ECONOMIC SIGNIFICANCE BRITISH LABOR LAW REFORM low labor productivity low economic growth
2008/12/5
Introduction
Overthe past generation the British disease of relatively low economic
growth and low labor productivity, accompanied by relatively
high inflation and unemployment, has become so obvio...
HARD COALS MAKE BAD LAW：CONGRESSIONAL PAROCHIALISM VERSUS NATIONAL DEFENSE
HARD COALS NATIONAL DEFENSE CONGRESSIONAL PAROCHIALISM
2008/12/4
The U.S. national defense program is very expensive and notoriously
plagued by waste, fraud, and mismanagement. MembersofCongress,
whose duty it is to oversee the program, often complain about it an...
Introduction
The process by which disputes are resolved in courts of law has
long been viewed as a type of discovery procedure. It has been
argued, for example, that common law judges do not decide...
In 1988 labor union membership in the United States declined to
16.8 percent of the labor force. In the private sector the figure was
13 percent, and in government employment it was 37 percent (BNA,...
THE LAW OF THE MICROCOSM AND THE END OF SOCIALISM
Information Revolution MICROCOSM SOCIALISM
2008/11/22
The Information Revolution
Every era achieves a cultural pinnacle. In the Middle Ages it was
probably the giant cathedral, whether Gothic or Byzantine. Wrought
of rock and sand and glass, these cat...
BAD POLICY, BAD LAW, AND THE CONSTITUTION：A STIGLERIAN VIEW
economic content Constitution Economic liberties
2008/11/22
The opinion that any monarch receiveth his power by covenant,
that is to say, on condition, proceedeth from want ofunderstanding
this easy truth: that covenants being but words, and breath, have
no...
WarIs often assumed to be the paradigm ofanarchy, the Hobbesian
state ofnatureIn practice.War, Inthat view, Is merely the predictable
violent breakdown oflaw and order that follows from the lack of ...
ECONOMIC FREEDOM AND THE EVOLUTION OF LAW
ECONOMIC FREEDOM EVOLUTION private property rights
2008/11/14
Lon Fuller (1964: 30) defines law to be ‘‘the enterprise of subjecting
human conduct to the governance of rules.’’ The key components of
economic freedom arise through such an enterprise when instit...
MAKING CONSTITUTIONS WORK：CONDITIONS FOR MAINTAINING THE RULE OF LAW
MAKING CONSTITUTIONS economic growth individual liberty
2008/11/14
For a long time, the empirical evidence that individual liberty is
conducive to economic growth was rather shaky (for a survey see
Przeworski and Limongi 1993). Most of that evidence was gained
usi...
DO SOVEREIGN DEBTORS NEED A BANKRUPTCY LAW?
BANKRUPTCY LAW SOVEREIGN DEBTORS gaping hole international financial system
2008/11/10
The idea that there is a “gaping hole” in the architecture of the
international financial system that should be filled by a universal
bankruptcy tribunal is not credible. For centuries, sovereign de...