Note: This post originally appeared at The American Institute for Economic Research. It’s pretty clear: if you wanted Joan of Arc to appreciate the differences between her world and ours, you would take her to the nearest Walmart. In 1989’s critically acclaimed cinematic masterpiece Bill & Ted’s

I'm a big fan of paying for convenience. In any decision, you have to weigh the costs and the benefits very carefully. That's why, on a recent trip to visit my sister and her family in Minneapolis, I paid the person next to me $10 to

Academia: "Basic research is a public good the market will under-provide because there are spillover benefits market prices don't capture." Also Academia: "Pregnancy is a disease and 'stereotypes about gender, as well as efforts to exploit the reproductive bodies of chickens, have aided the

In 1986, James M. Buchanan was awarded the Nobel Prize for his work developing public choice theory. As luck would have it, Liberty Fund has made some of his most important works available online. Here are some of the most important ones. Buchanan's Nobel Prize Page. It'

The last two issues of Regulation contain a couple of my book reviews. Late Admissions: Confessions of a Black Conservative, by Glenn Loury. Review here. Glenn Loury is one of the greatest economist of the last half-century, and his name comes up in the Nobel Prize conversation. He also hosts