Polycentricity, Self-governance, and the Art & Science of Association

by Peter Boettke, Jayme Lemke, and Liya Palagashvili

The Review of Austrian Economics

When considered as a unified project, the Ostroms’ themes of polycentricity, self-governance, and the art and science of association have strong intellectual roots and connections with Austrian economics. In this paper, we show the close relationship between the Ostroms and the Austrians. We then describe how contemporary Austrian economists can be inspired and can further […]

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Obamacare: Debate Over?

by Richard Epstein

Defining Ideas

An old saying in the garment business goes like this: “You can’t make up in volume what you lose in money on each piece.” We could say the same thing about the Patient Protection and Affordable Care Act. President Obama thinks that the sudden surge in enrollments to about eight million people means “the repeal […]

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The Many Problems with “Equal Pay”

by Richard Epstein

Defining Ideas

Last week marked the observation of “Equal Pay Day.” That day is meant to draw attention to how a woman who works full time earns “77 cents for every dollar a man earns,” as President Obama has put it. Though a detailed analysis reveals that the claim of a systematic pay gap is spurious, the […]

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