New evidence seems to cast doubt on the hypothesis that the American League's adoption of the designated hitter rule in 1973 created a moral hazard problem for pitchers. In particular, the substitution of hard-hitting designated hitters for weak-hitting pitchers in the American League supposedly...

This paper offers a commentary on Gordon Tullock's various contributions to economics and social science. Tullock's methodology and style, and various critical appraisals of Tullock's work are discussed. The importance of Tullock's work and its significance for the future of economics are also...

Using data from a sample of the economic literature published over the years 1950 through 1988, we find substantial support for an environmental theory of idea entrepreneurship among economists. In particular, we show that the percentage of economic articles devoted to the topics of inflation...