Buchanan has made a significant contribution to joint supply theory by emphasizing the relevance of technological variability to welfare optimality conditions. This paper shows that it is the joint supply relationship in his analysis—not the externality relationship—that should be...

Some researchers claim that diverse populations lead to less trust. Generalized trust is a core value that leads to positive outcomes in societies--from greater tolerance of minority groups and immigrants and willingness to do good deeds, to less corruption, more social welfare and education...

There are multiple dimensions of trust. The standard meaning I call "strategic trust." But more important is "moralistic trust," which does not stem from experience, but rather is learned early in life and is largely stable over time. Moralistic trust leads people to do good works such as...

Algan and Cahuc in "Inherited Trust and Growth" (AER, 2010) argue that "inherited trust" is a key factor in explaining growth rates across countries. They derive a measure of inherited trust by linking respondents’ "home countries" in the United States General Social Survey (1972-2004)...

When we think of energy issues, we generally conjure up ideas of conflicts between producers and consumers. These translate into visions of grand ideological conflicts between the left and the right. Wildavsky and Tennenbaum (1981) speak of battles between "preservationists" and...