Professor James Buchanan, the 1986 Nobel Laureate in Economics, has achieved fame through public choice economics, which he, together with Gordon Tullock, invented.Professor James Buchanan, the 1986 Nobel Laureate in Economics, has achieved fame through public choice economics, which he, together with Gordon Tullock, invented.
The internet provides a remarkable test case of the free market. What have we learned?
Among the most popular and consequential beliefs of our age is the belief in collective security. Nothing less significant than the legitimacy of the modern state rests on this belief. And yet, the idea of a collective security is a myth that provides no justification for the modern state.
Dominick Armentano explains why this coercive institution should be abolished, for reasons of both efficiency and liberty.
Former National Football League star Walter Payton has been stricken by a rare liver disease and needs a transplant in order to live. Unfortunately, the demand for available organs far outstrips the supply, and several thousand Americans this year will die waiting for those life-saving organs.
