The European Project aims to avoid repeating Europe's bloody history of the first half of the 20th century by creating a united Europe under the banner of the European Union. This aspiration for peace and security recalls the similar effort that led to formation of the United States in the late...

The tractor provides an interesting example in the adoption and diffusion of technology and the contextual factors that affected it – especially when contrasted with the automobile. The first tractors were developed around 1892 and did not arrive on more than 25 percent of farms until nearly...

This essay is a joint review of Jennifer Stisa Granick's, American Spies: Modern Surveillance, Why You Should Care, and What To Do About It, and Barry Friedman's, Unwarranted: Policing Without Permission

In a world without intellectual property protection, inventors have an incentive to sell (and firms have an incentive to buy) inventions as secrets. In this paper, I give a general framework about how a market for secret inventions can operate. Specifically, I model the auction as a game between...

In this paper we study the Black Death persecutions (1347-1352) against Jews in order to shed light on the factors determining when a minority group will face persecution. We develop a theoretical framework which predicts that negative shocks increase the likelihood that minorities are...

Hayek argued that the central question of economics is the coordination problem: How does the spontaneous interaction of many purposeful individuals, each having dispersed bits of subjective knowledge, generate an order in which the actors' subjective data are coordinated in a way that enables...

The case of the Somali shilling defies the historical view that sovereign powers (i.e., legal tender status, public receivability) are necessary to explain the acceptance of fiat money at a positive value. Following the Somali state’s collapse in 1991, irredeemable paper shillings have...

We study a setting in which the education system privileges some identities and marginalizes others. When the ideal identity prescribed by the education system evolves with the composition of the educated subpopulation, persistent educational inequality can emerge even when communities are ex...

Following the start of the war on terror in 2001, U.S. policymakers determined that winning the war on drugs in Afghanistan was necessary for winning the war on terror. Yet despite spending $8.4 billion on drug interdiction in Afghanistan since 2002, opium production has grown substantially. We...

This article is part of a symposium (in Society) on a target article by Amitai Etzioni. Using that article as a point of departure, I take the opportunity to elaborate a reading of Adam Smith's moral philosophy that sees it as quite non-foundationalist. Whereas foundationalism's metaphor is a...