Research

Classic introduction to public choice theory by one of the pioneers in the field

The economics of politics applies the techniques of economic analysis (monopoly, competition, information costs, etc.) to political and bureaucratic behaviour. … Continue reading “The Vote Motive”
Research

No government has maintained the value of its currency without external discipline

Many governments have issued paper money backed only by their own authority; all the major countries are doing this now; … Continue reading “Gold or Paper?”