This paper provides a rational choice-based analysis of the causes and consequences of surprise events. The paper argues that ignorance may be rational, but nonetheless produce systematic mistakes, inconsistent behavior, and both pleasant and unpleasant surprises. If ignorance and unpleasant...

The Fall 2010 issue of the Journal of Private Enterprise featured a complicated set of papers (link to the issue). The lead article was a long paper by Jason Briggeman and me, on Israel Kirzner’s work on coordination and discovery. The thrust of our paper was an affirmation of Kirzner’s...

In the cross-country literature, cognitive skills are robust predictors of economic growth. We investigate claims by psychologists that the same is true at the state level. In a variety of specifications using four proxies for average state IQ used in the psychology literature, little evidence...

Most public finance theorizing treats its material of public finance as reflecting some ruler's optimizing choices. Within democratic regimes this ruler is typically a median vote. While this approach has tractability on its side, it achieves that tractability by presenting caricatures of...

Many scholars in both the United States and China argue that a lot of the news stories about China published in major U.S. newspapers tend to have a negative slant. This tendency has generally been called “China bashing.” The purpose of this paper is threefold: (1) to quantify and measure...

This paper analyzes the political economy of the creeping militarization of U.S. foreign policy. The core argument is that in integrating the 3D approach -- defense, development, and diplomacy -- policymakers have assigned responsibilities to military personnel which go beyond their comparative...

We present evidence from a laboratory experiment showing that individuals who believe they were treated unfairly in an interaction with another person are more likely to cheat in a subsequent unrelated game. Specifically, subjects first participated in a dictator game. They then flipped a coin...

Voluntary and coercive relationships among person play important roles in ethics, political theory, and Western law. This essay attempts to clarify the meaning and limits of coercion using matrix representations of voluntary and coercive proposals.Two settings are focused on in this paper: the...

This paper analyzes the design, refinement, and evolution of organizational policymaking processes, that is to say, organizational governance. Governance procedures like other aspects of organization are refined through time to advance formeteur interests. Several mechanisms of evolution are...