December 2019 ISSUE

The Economics of al-Qaeda

By Anne Rathbone Bradley

Almost two decades later, we are still embroiled in the endless "War on Terror" and globally, terrorism has increased. The only way to reduce the amount of terrorism is to think through the economic and institutional questions of why terrorism seems to be an effective m...

Hume, Smith… and Darwin

By Pedro Schwartz

Two years ago, Dennis Rasmussen published a book that he says "was an absolute joy to write" and indeed is a joy to read: The Infidel and the Professor. It is the biography of a "Friendship That Shaped Modern Thought", as the subtitle explains. This deceptively anecdota...

The No-Demand Principle and Libertarianism

By Arnold Kling

[W]e can't both accept anything resembling common-sense morality and the anti-libertarian welfare-state structures that admittedly characterize most advanced states at present. —Dan Moller, Governing Least: A New England Libertarianism,1 page 20 Dan Moll...

Why Would Anyone Want Austerity?

By Michael Munger

A review of Austerity: When It Works and When It Doesn't, by Alberto Alesina, Carlo Favero, and Francesco Giavazzi. Princeton, NJ: Princeton University Press. 2019.1 There is a proud tradition of continental public finance, and much of the best work was done ...

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