When studying the origins of the Austrian School, one is often struck by the influence played by Catholic thinkers and culture during the centuries leading up to the publication of Menger’s Principles.
To build a roads system, an administrative price mechanism—commercialization—may yield some solutions to the problems of public roads but it gives rise to other problems
For the usual readers of free market books, Naked Economics promises exciting reading. Charles Wheelan, an American correspondent of London’s Economist
In the decades following World War II, when the scope of government was increasing dramatically, Alan Peacock was one of those rare British economists who argued for less government.
This book is a collection of ten previously published essays that address some of the most important questions of twentieth-century America.
I appreciate the fact that the author attempts to construct logical rather than mathematical arguments, as seems to be the disease that has struck most of the economics profession at the present time.
Among all those goods which have been offered as examples of public goods, national defense and lighthouses have been among the most frequently cited.
All human institutions — governments, markets, money, etc. — suffer from the same problem: the imperfections so bitterly denounced by Schmookler. Greed, ignorance, myopia, irrationality are endemic in them all.
Carnis reviews these two significant and imposing works that were published almost at the same time and are directed to readers interested in the topic of road infrastructure management.
The municipal reform movement of the progressive era succeeded in establishing local government monopoly in the provision of urban services. Competitive markets in such services as fire-fighting, street lighting, refuse removal, transit, and even policing then gave way to municipal bureaus and departments.
