Prior research has found mixed results on the utility of peer assessment as either a proxy for instructor grading or a means of providing ungraded feedback to peers. This study examined the correlation between peer and instructor-assessed research presentations in a graduate federal income...

Using 1708-1788 historical data, we test the Austrian hypothesis that fractional-reserve banking destabilizes commodity prices, complicating economic calculation and entrepreneurial planning, and contributes to boom-bust cycles. The Bank of Amsterdam (Wisselbank, 1609-1819) maintained high...

William Niskanen (2002) estimated a Phillips curve for the United States using annual 1960-2000 data. By adding one-year lagged terms in unemployment and inflation, he was able to show that this familiar equation is misspecified. In his improved specification, Niskanen found that the immediate...

This paper establishes a nexus between the established fields of constitutional political economy and macroeconomic capital theory. Constitutional political economy explores how legal and institutional structures emerge over time. The evolution of property rights has always been a central focus...