One of the most controversial aspects of Hayek's social theory was his acceptance of the concept of cultural group selection. The publication of Unto Others: The Evolution and Psychology of Unselfish Behavior provides an opportunity to revisit this much-maligned component of Hayek's thought....

One of the most controversial aspects of Hayek's social theory was his acceptance of the concept of cultural group selection. The publication of "Unto Others: The Evolution and Psychology of Unselfish Behavior" provides an opportunity to revisit this much-maligned component of Hayek's thought....

Competition authorities have several tools at their disposal in crafting a competition policy. Most prominent are litigation and merger review. A less-recognized but often effective tool, however, is "competition advocacy." Broadly, competition advocacy is using persuasion, rather than coercion,...

Recent developments in environmental law have heightened the importance of the concept of "existence value" -- the value that individuals gain simply from the knowledge that certain environmental resources exist. These values are non-use values, hence they are said to be in the nature of a...

Using public choice tools, this article examines why tort reform is necessary but also elusive. Identifying the demand-side and supply-side forces that have caused tort law to evolve away from efficient rules, the article shows why the courts are an unlikely venue for meaningful tort reform....

This essay reviews David A. Skeel, Jr., Debt's Dominion: A History of Bankruptcy Law in America. Although nominally a book about the history of bankruptcy law in America, Skeel's book is a comprehensive analysis of the past, present, and future of bankruptcy law in America. Skeel divides the...

The Presidential election of 2000 raised a number of unprecedented legal and political issues. Among those were issues raised by the Presidential Transition Act of 1963, which provides for office space and funding to be made available to the President-elect to effectuate his transition to power....

Suri Ratnapala is one of the keenest and most insightful analysts of the thought of the great economist and social thinker F. A. Hayek. Hayek was the leading exemplar of the historical, or evolutionary, theory of law in the latter half of the 20th century, but his jurisprudential thought has...

This article examines tort law and the tort reform debate through the lens of public choice. The article uses the tools of public choice to explain the development of tort law over the past few decades and its evolution away from efficient rules. The article identifies a supply and demand...

This congressional testimony summarizes the effects on consumers and the economy of Dodd-Frank, the Durbin Amendment the Consumer Financial Protection Bureau, and other government regulations (such as the CARD Act of 2009) enacted in the wake of the recent financial crisis. The testimony notes...