Regional economic, demographic, and climatic data are used to analyze residential electricity demand in the United States. Results indicate that electricity is an inferior good for households in the United States. This confirms earlier research compiled using data for less geographically...

Regional economic, demographic, and climatic data are used to analyze residential electricity demand in the United States. Results indicate that electricity is an inferior good for households in the United States. This confirms earlier research compiled using data for less geographically...

'This important book presents a compelling case that traditional received theory (Paretian-utilitarian) has followed a dangerous path - one not espoused by Adam Smith and Nobel Laureate James Buchanan. The latter viewed value and preferences as mutable (not "given") and believed that rights...

1. Thefounders 'republican cause' --2. Thecommercial republic --3.Autonomy ascendant --4. Thepublic philosophy of modern America --5. Theeconomic analogue --6. Afailed public philosophy --7. Thedecline of political economy --8.'Auxiliary precautions' in our time.

The transition from socialist to market economics is typically informed by outcomes-based social welfare theory (SWT). Institutionless, intentionally value-free SWT is ill-suited to this enterprise. The only evaluative standard to which it gives rise--efficiency--is indeterminate, and the theory...

This article is motivated by two ideas. First, it is not now in dispute that institutions matter. Second, it is well established that "The issue that stands behind every controversy in contemporary legal theory is the problem of how law is to be understood in relation to moral values." I seek...