Political Theory

Menger, Walras and Jevons are credited with creating the marginal revolution in economics.

When it comes to your local police, there is no shopping around, there is no customer service, and there is no choice, writes Jeff Deist.

Jeff Deist and Marc J. Victor discuss what's happening in Ferguson, Missouri, and our disappearing legal rights.

In this paper I shall argue that, in contrast to its monocentric counterpart, only the institutional framework of legal polycentrism can overcome the problem of the so-called “paradox of government”

Starting in 1974, the Institute for Humane Studies (IHS), based at that time in Menlo Park, California, began an ambitious plan to resurrect the then near to dead Austrian school of thought in economics.

Walter Block is at his finest when he subjects the most loathsome jobs and nastiest behaviors to logical libertarian scrutiny. Block’s Defending the Undefendable has needled and irritated an entire generation of readers 

If the payoff is high enough, universities are happy to award degrees based on political connections, writes Predrag Rajšic.

Politicians tell us that tax cuts aren’t necessary for economic growth.

Paul Krugman, an official ranter at a blog hosted at the New York Times, recently wrote