What might religion do to improve our understanding of economics and human behavior? Here I contrast the mainstream economics view of choice and behavior with the religious view. In the mainstream economics view, human beings are rational calculating maximizers of utility. In the religious view,...

The basic result of this paper is that when government provides either public goods, private goods with externalities, or transfers motivated by altruism, public provision is large enough to completely crowd out private provision. In contrast, when government provides private goods, public...

A love story that embraces the business and economic issues of the day? The Invisible Heart takes a provocative look at business, economics, and regulation through the eyes of Sam Gordon and Laura Silver, teachers at the exclusive Edwards School in Washington, D.C. Sam lives and breathes...

Several papers have noted and sought to explain the paradox of minimum wage law compliance. Compliance rates are high even though the penalty for violating the law is allegedly less than the underpayment to workers. By comparison, we show that the actual penalty exceeds the underpayment. We...

Benefit–cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and...

USA Today and less detailed panel data, I find that to the extent that these types of regressions measure discrimination, it is African-American Republicans who were harmed. Indeed, the nonvoted ballot rate for white Republicans is higher than for white or African-American Democrats. The data...