The exploitation of human by human is a globally pervasive phenomenon. Slavery, serfdom, and the patriarchy are part of its lineage. Guest and sex workers, commercial surrogacy, precarious labour contracts, sweatshops, and markets in blood, vaccines or human organs, are some contemporary...

Former US president George W. Bush's idea of the United States as an "ownership society" can be considered as the rhetorical apex of a conservative, libertarian push for a more market- driven restructuring of American social institutions. Reformers in the Bush administration particularly...

Some citizens place a high value on making decisions for themselves. Other citizens are happy to delegate decisions to a government agency. Such differences in political attitudes to paternalism can be explained in a strict rational-choice model with citizens’ heterogeneous tastes in the...

Classical liberals have been more preoccupied by domestic policy and institutions than by international affairs. This paper makes the case for a classical liberal foreign policy outlook that could address the collective challenges facing free societies. In the United States, libertarian foreign...

Weak conditions are provided under which society's long-run distribution of wealth is independent of initial asset holdings.

How promising is Bitcoin as a currency? This paper discusses four claims on the advantages of Bitcoin: a more stable currency than state-backed ones; a secure and efficient payment system; a credible alternative to the central management of money; and a better protection of transaction privacy....

We study experimentally when, why, and how people intervene in others’ choices. Choice Architects (CAs) construct opportunity sets containing bundles of time-indexed payments for Choosers. CAs frequently prevent impatient choices despite opportunities to provide advice, believing Choosers...