Search results for ""Independent Institute""

Providing students of economics, politics, and policy with a concise explanation of public choice, markets, property, and political and economic processes, this record identifies what kinds of actions are beyond the ability of government. Combining public choice with studies of the value of property rights, markets, and institutions, this account produces a much different picture of modern political economy than the one accepted by mainstream political scientists and welfare economists. It demonstrates that when citizens request that their governments do more than it is possible, net benefits are reduced, costs are increased, and wealth and freedom are diminished. Solutions are also suggested with the goal to improve the lot of those who should be the ultimate sovereigns in a democracy: the citizens.

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Great political and philosophical debates regarding the problematic results of central planning in the 20th century are presented in this collection of essays from classical liberal thinkers such as Adam Smith, John Locke, and modern liberals of various persuasions. After discussing such issues as constitutionalism and security, freedom and the moral society, and cognitive individualism, modern upholders of classical liberalism are allowed to respond to their critics, making this contemporary articulation of the tenets of classical liberalism of interest to politicians, scientists, philosophers, and historians.

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Was the so-called “Reagan Revolution” a disappointment regarding the federal systems of special-interest regulation? Many of that administration’s friends as well as its opponents think so. But under what criteria? To what extent? And why? When Ronald Reagan was elected in 1980, the popular belief was that the size of government would be cut and that some of the regulatory excesses of the prior decade would be rolled back. However, the growth of the federal government continued throughout the Reagan presidency and no agencies were phased out. What were the apparently powerful forces that rendered most of the bureaucracy impervious to reform? In this book, professional economists and lawyers who were at, or near, the top of the decision-making process in various federal agencies during the Reagan years discuss attempts to reign in the bureaucracy. Their candid comments and personal insights shed new light on the susceptibility of the American government to bureaucratic interests. This book is required reading for anyone wishing to understand the true reasons why meaningful, effective governmental reform at the federal level is so difficult, regardless of which political party controls the White House or Congress.

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When prison privatization began in the United States in the early 1980s, many policy analysts claimed that the result would be higher costs, declining quality, and an erosion of state authority. Bringing together five of the leading researchers of prison privatization and criminology, this authoritative survey addresses the economic as well as the social implications of prison reform. Economist Ken Avio begins with an analysis of the broader issues surrounding the private-prison debate, such as punishment and recidivism, and crime deterrence. Charles Thomas, the world's leading authority on private prisons, provides the empirical context for understanding the debate, examining their historical origins, present status, and future prospects. Samuel Jan Brakel and Kimberly Ingersoll Gaylord examine the costs and quality of private prisons, and Bruce Benson argues that prison privatization be instituted in concert with certain aspects of the criminal justice system.

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Is the U.S. tort system in crisis? CBS television's 60 Minutes has said the tort system metes out ""jackpot justice,"" and Newsweek has called America a ""Lawsuit Hell."" Other observers of the legal system, however, argue that the tort crisis is a myth. Although both sides of the debate rely primarily on anecdote and the selective use of evidence, a sound diagnosis of the tort system requires a rigorous analysis of hard data, not a retelling of sensationalistic sound bites.In Judge and Jury: American Tort Law on Trial, economists Eric Helland and Alexander Tabarrok present their study of tens of thousands of tort cases from across the United States. The result is the most complete picture of the U.S. system of civil justice to date. Examining three of the key players of the tort system (juries, judges, and lawyers), Helland and Tabarrok conclude that the tort system is badly broken in some respects but functions surprisingly well in others.

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Exploring the politics and morality that pulled the United States into wars in Afghanistan and Iraq, this collection of essays, stories, and satirical pieces lambasts the highest officials in the executive branch for incompetence and moral blindness. Analyses of both wars and the crisis following 9/11 portray the conflicts as opportunities for special interests to entrench themselves in the U.S. government at the expense of U.S. citizens’ civil liberties and tax dollars, and the lives of numerous Afghan and Iraqi non-combatants. Pulling no punches, this work holds George W. Bush and members of his cabinet accountable for acts that would have been prosecutable were the defendants in question not government entities.

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Severance taxes on the extraction of oil, gas, and other natural resources have been very popular with politicians because they seem invisible in being spread among a large, diffuse taxpayer base. But do such taxes have serious negative consequences overlooked by legislators? Severance taxes—taxes levied upon the production of oil and natural gas—have long been popular with state governments. Such taxes are thought to have minimal impact upon the areas where petroleum wells are located, the costs of such taxes can be “exported” to a large and dispersed consumer base in other states, and an oil or gas well cannot be moved to another state where taxes are lower. Because of these factors, severance taxes seem like ideal taxes for legislators to impose. But how do severance taxes work in the real world? Are they really as painless as they sound? Because of the immobility of the resource being taxed, do states tend to overtax? In this provocative study, the authors survey state severance taxes and find they tend to lower petroleum production, reduce jobs in the states imposing such taxes, and have negative effects that can ripple throughout a state's economy. Severance taxes look like easy targets for state governments. But as this book demonstrates—using thorough analysis—such taxes are often downright counterproductive and can actually reduce total state tax revenues.

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Some have described the Food and Drug Administration (FDA) as a scientific bureaucracy with police powers. Does a “cult of infallibility” exist within the FDA, leading to decisions that are contrary to the best interests of patients and their physicians? The Food and Drug Administration (FDA) is one of the most powerful of federal regulatory agencies, if not the most powerful. It regulates over 25% of all consumer goods sold in the United States. It makes decisions on a daily basis that affect the lives of millions of people. While the FDA was created to protect the public, how well is it fulfilling this mission and whose interests is it actually protecting? In this book, four outstanding scholars examine how the FDA accumulated its enormous power and what effects it has had on the public. It also explores who actually benefits and loses from FDA actions, and whether alternatives exist to safeguard the health of Americans. This book raises serious questions about the wisdom of giving policing power to scientists with little oversight or appeal process, as the FDA currently does. It also argues forcefully that the FDA unnecessarily delays beneficial medicines and medical devices, many of which are routinely available in Europe, from being available to Americans.

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This is an authoritative study of the second amendment, using history and current-day analysis. It is one of the only scholarly works on the subject, but has proven widely accessible. Halbrook traces the origins of the Second Amendment back to ancient Greece and Rome, and then through the “freemen” movement in 18th-century England and France. He demonstrates that the framers of the Constitution were conscious of such history when they drafted the Second Amendment, and that the Second Amendment was clearly intended to allow possession of firearms not just for defense of personal life and property but also to prevent government infringement of human liberties. His meticulous, thorough scholarship demonstrates that the right to bear arms is as fundamental a right under the Constitution as freedom of speech and freedom of religion.

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Agricultural subsidies in grains, cotton, milk, sugar, tobacco, honey, wool, and peanuts are analyzed in this examination of U.S. farm policy. Looking at such programs as food stamps, crop insurance, subsidized credit, trade credit, trade subsidies and import restrictions, conservation, agricultural research, and taxation, this historical perspective argues that these subsidies ultimately redistribute wealth to powerful agricultural interests who use their political clout to advance their economic interests at the expense of the general public. This analysis of government farm programs will appeal to professors and students who study agriculture; people affected by government farm policies; public officials, and businesses affected by agricultural policy such as those in food service, retail, and distribution.

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American higher education is increasingly in trouble. Costs are too high, learning is too little, and underemployment abounds post-graduation. Universities are facing an uncertain and unsettling future with free speech suppression, out-of-control Federal student aid programs, soaring administrative costs, and intercollegiate athletics mired in corruption. Restoring the Promise explores these issues and exposes the federal government’s role in contributing to them. With up-to-date discussions of the most recent developments on university campuses, this book is the most comprehensive assessment of universities in recent years, and one that decidedly rejects conventional wisdom. Restoring the Promise is an absolute must-read for those concerned with the future of higher education in America.

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Are the often alarming claims about global warming based on science and justified by the facts? Is the human race really facing a major crisis due to emissions from fossil fuels? Would the proposed Climate Treaty solve a real environmental threat or would it create worldwide economic and social harms. Fred Singer is a distinguished astrophysicist who has taken a hard, scientific look at the evidence. In this new book, Dr. Singer explores the inaccuracies in historical climate data, the limitations of attempting to model climate on computers, solar variability and its impact on climate, the effects of clouds, ocean currents, and sea levels on global climate, and factors that could mitigate any human impacts on world climate.Singer's masterful analysis decisively shows that the pessimistic, and often alarming, global warming scenarios depicted in the media have no scientific basis. In fact, he finds that many aspects of any global warming, such as a longer growing season for food and a reduced need to use fossil fuels for heating, would actually have a positive impact on the human race. Further, Singer notes how many proposed 'solutions' to the global warming 'crisis' (like 'carbon' taxes) would have severe consequences for economically disadvantaged groups and nations.According to Arthur C. Clarke, author of 2001: A Space Odyssey, Hot Talk, Cold Science dares to point out that 'the Emperor has no clothes.' Is there evidence to suggest discernible human influence on global climate? Of great interest, this book demonstrates that, at best, the evidence is sketchy and incomplete. Hot Talk, Cold Science is essential reading for anyone who wants to be fully informed about the global warming debate.

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The relationship among the federal government, the states, and parents with regard to education is increasingly dysfunctional. Parental control over their children's education has gained impressive momentum in recent years at the state level. Meanwhile, states have been increasingly willing to relinquish sovereignty over education in exchange for more federal dollars. Failure would help bring clarity to these issues by examining whether students and the country better off after 30 years with the Department of Education and suggesting alternatives to an ever-expanding federal education bureaucracy. Part I would begin by examining the development of the current Department of Education, including the legislation that gave rise to it, and the pressure groups that have shaped it. Additional chapters would examine related issues including the arguments for and against the creation of a national education department, its origin, current structure, spending, and growth over time. Part II would examine the results to date against the education department's own standards. These include overall student achievement nationally before and after the advent of the Department of Education as well as international comparisons of U.S. student achievement. Outcomes of some of the largest Department of Education programs would also be considered in this section, along with some of the lesser-known department programs and initiatives. Part III would examine truly federal alternatives to the current tug-of-war between the national and state governments in light of the growing parental-choice movement. Included in this section would be chapters examining a strict-constitutionalist model, which denies any federal authority in education. Another alternative model examined would be the National Bureau of Education model, inspired by the original 1867 precursor to the current Department of Education, whose primary mission was to serve as a repository of information so schools nationwide could emulate best practices. In addition, this section would seek to include cross-country comparisons of education systems of top-performing Organization of Economic Cooperation and Development (OECD) countries.

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In his academic work, Robert Higgs has dissected the government's shrewd secret excesses that lead to the Welfare State, the Warfare State, and the Administrative State. For several decades he has unstintingly chronicled the federal, state, and local governments' malfeasance in these many areas of life that all levels of government have intruded upon without Constitutional mandate. In this book, however, are essays that show a whimsical, introspective, and personal side of this world renowned scholar. From the myth that the government has derived its powers from the consent of the governed to the role of independent experts in formulating monetary and fiscal policy; from the government's duplicity in announcing the unemployment rate in a given month to how the state entraps us, if you want to see a true polymath at work, these lofty, serious, sad, and illuminating essays will educate you beyond what you had thought possible about life, liberty, and the economy.

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Stiflers of innovation, patent trolls use overbroad patents based on dated technology to threaten litigation and bring infringement suits against inventors. Trolls, also known as no practicing entities (NPEs), typically do not produce products or services but are in the business of litigation. They lie in wait for someone to create a process or product that has some relationship to the patent held by the troll, and then they pounce with threats and lawsuits. The cost to the economy is staggering.In Patent Trolls: Predatory Litigation and the Smothering of Innovation, William J. Watkins, Jr., calls attention to this problem and the challenges it poses to maintaining a robust rate of technological progress. After describing recent trends and efforts to “tame the trolls,” Watkins focuses on ground zero in patent litigation—the Eastern District of Texas, where a combination of factors makes this the lawsuit venue of choice for strategically minded patent trolls. He also examines a more fundamental problem: an outmoded patent system that is wholly ill suited for the modern economy. Finally, he examines proposals for reforming the U.S. patent system, which was created to spur innovation but today is having the opposite effect. If legal reformers heed the analyses and proposals presented in this book, the prospects for crafting a legal environment that promotes innovation are favourable.

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Based on newly-discovered, secret documents from German archives, diaries and newspapers of the time, Gun Control in the Third Reich presents the definitive, yet hidden history of how the Nazi regime made use of gun control to disarm and repress its enemies and consolidate power. The countless books on the Third Reich and the Holocaust fail even to mention the laws restricting firearms ownership, which rendered political opponents and Jews defenseless. A skeptic could surmise that a better-armed populace might have made no difference, but the National Socialist regime certainly did not think so - it ruthlessly suppressed firearm ownership by disfavored groups.Gun Control in the Third Reich spans the two decades from the birth of the Weimar Republic in 1918 through Kristallnacht in 1938. The book then presents a panorama of pertinent events during World War II regarding the effects of the disarming policies. And even though in the occupied countries the Nazis decreed the death penalty for possession of a firearm, there developed instances of heroic armed resistance by Jews, particularly the Warsaw ghetto uprising.

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California's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. In total, California's 86 defined-benefit public pension plans are underfunded by roughly $430 billion, representing California's greatest financial challenge since the Great Depression. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not fully paying for, pushing the pension problem onto future generations. California Dreamin': Resolving the Public Pension Crisis explains how six reforms would solve the state's pension problem in an equitable, responsible, and moral way: preserving pension benefits already earned, providing competitive pensions going forward, and granting the flexibility needed so that future generations are not paying for deals they did not make.

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The recent reawakening of the debate about migration in the new millennium has evoked intense emotion, particularly in the United States and Europe, and Global Crossings cuts through the jungle of myth, falsehood, and misrepresentation that dominates the debate, clarifying the causes and consequences of human migration. The book first looks at the immigrant experience, which connects the present to the past, and America to the rest of the world, and explores who immigrants are and why they move. It contends that the conduct of today is no different than that in the past, and contrary to the claims by immigration critics, the patterns of contemporary migration do not differ fundamentally from those of other epochs. The book then discusses immigration and culture and tackles assimilation, globalisation, and cultural differences. In assessing whether critics are justified in pointing to a major cultural shift, award-winning author Alvaro Vargas Llosa reviews such topics as religion, education, entrepreneurial spirit, and attitudes toward the receiving society, and analyses economic factors that include jobs, wages, education, and the welfare state. The book concludes that immigration’s contributions to an economy far outweigh the costs, and it makes a call for open minds and provides a pro-immigration agenda for reform.

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Exploring the forceful renewal of the boom-and-bust cycle after several decades of economic stability, this book is a research-based review of the factors that caused the 2008 recession. It offers cutting-edge diagnoses of the recession and prescriptions on how to boost the economy from leading economists. The book concentrates on the Federal Reserve and its leading role in creating the economic boom and recession of the 2000s. Aimed at professional economists and readers well versed in the basic workings of the economy, it includes innovative proposals on how to avoid future boom-and-bust cycles.

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Debunking numerous myths that have emerged about the world’s resources of oil, this book argues that the use of U.S. military power to secure oil is not only needless and costly—in both lives and money—but also counterproductive to U.S. security. Intended to make government, the media, and citizens think more rationally about oil and the use of military power to secure it, this account suggests that the free market is still the best vehicle to deliver the product most efficiently from producer to consumer and that a withdrawal of U.S. forces from the Persian Gulf would be beneficial in the context of potential terrorist threats. Thorough and invaluable, this focused analysis chronicles the history of the battle over oil.

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Was the so-called “Reagan Revolution” a disappointment regarding the federal systems of special-interest regulation? Many of that administration’s friends as well as its opponents think so. But under what criteria? To what extent? And why? When Ronald Reagan was elected in 1980, the popular belief was that the size of government would be cut and that some of the regulatory excesses of the prior decade would be rolled back. However, the growth of the federal government continued throughout the Reagan presidency and no agencies were phased out. What were the apparently powerful forces that rendered most of the bureaucracy impervious to reform? In this book, professional economists and lawyers who were at, or near, the top of the decision-making process in various federal agencies during the Reagan years discuss attempts to reign in the bureaucracy. Their candid comments and personal insights shed new light on the susceptibility of the American government to bureaucratic interests. This book is required reading for anyone wishing to understand the true reasons why meaningful, effective governmental reform at the federal level is so difficult, regardless of which political party controls the White House or Congress.

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Few issues in high technology are as divisive as the current debate over competition, innovation, and antitrust. Analyzing famous examples of economic “lock-in” by dominant corporations of supposedly inferior products, this book makes the case that free markets in high technology industry deliver better products to consumers, at lower prices, without government intervention. This publication's careful scholarship, well-founded hypotheses, and refutations of previously accepted theories—extending far beyond the Microsoft case—make this publication a vital piece of understanding for the future of technology and economics.

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The school choice movement has gained political momentum in recent years, having established programs in Milwaukee, Florida, Texas, and elsewhere. Yet, as economist John Merrifield argues in this detailed analysis, today's school choice programs are nothing like the “free market in education” envisioned four decades ago by early proponents of school choice. Rather, they are mired in false alternatives, petty distinctions, and diminished vision, and in their present form are doomed to fail as have so many other government programs. In this text, Merrifield argues for the reformation of the school choice alternative and the eventual establishment of a freely competitive market for education, charting a course for the achievement of this goal.

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The contributors to this important new collection offer a vision of contemporary feminism that runs counter to and goes beyond the dominant attitudes of the feminist orthodoxy. Basing their arguments on individual rights and personal responsibility, the contributors offer surprising views on a wide range of issues that confront modern woman. Published in association with The Independent Institute.

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This book is a celebratory history, marking 25 years since the founding of the Center for International Humanitarian Cooperation (CIHC); the completion of 50 of our premier training course; the highly intensive, month-long International Diploma in Humanitarian Assistance (IDHA); the offering of dozens of other specialized courses; the publication of books, conference proceedings, and Occasional Papers, many translated into other languages and used in academic centers all over the world; the development of a Master of Arts in International Humanitarian Action (MIHA); the creation of an undergraduate major in Humanitarian Studies, one of only four such programs offered in any university anywhere; and the establishment of an independent Institute of Humanitarian Affairs (IIHA) at Fordham University in New York. These are but some of the milestones we commemorate here, so that future generations entering the evolving profession of humanitarian assistance might appreciate the challenges faced by earlier pilgrims on a journey that embraced the spiritual as well as the practical elements of this noble, multidimensional discipline.

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Electricity is one of the largest and most vital industries in the U.S. economy, with sales exceeding $200 billion annually. While electricity represents the backbone of commerce, industry, and household production, the structure of the industry has been changing in rather dramatic ways. After being heavily regulated for more than a century by local, state, regional, and federal authorities, deregulation is taking center stage. In general, deregulation results in lower prices, more product choices, and more rapid technological advances. Conversely, rate regulation has inherent flaws, including the encouragement of waste and inefficiency, and a retarding of innovation. There is little doubt to the contributors of this book that putting regulation aside offers enormous efficiency gains in the production of electricity. But can market forces handle the delicate matter of transmitting electricity when the simple model of supply and demand must be more precise than other goods and services? How much regulation does the electric industry need? The essays in this timely collection explore these difficult questions and propose a new, market-based plan to improve America's electrical future. Published in cooperation with The Independent Institute.

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