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The Independent Review is the acclaimed interdisciplinary journal devoted to the study of political economy and the critical analysis of government policy. The Independent Review is thoroughly researched, peer-reviewed, and based on scholarship of the highest caliber. However, unlike so many other journals, it is also provocative, lucid, and written in an engaging style. Ranging across the fields of economics, political science, law, history, philosophy, and sociology, The Independent Review boldly challenges the politicization and bureaucratization of our world, featuring in-depth examinations of past, present, and future policy issues by some of the world's leading scholars and experts.

Undaunted and uncompromising, this is the journal that is pioneering future debate!

Recent Featured Articles


The Imprudence of Macroprudential Policy
Alexander William Salter

The financial crisis of 2008 has prompted some economists to call for government regulators to expand their reach—by trying to minimize financial disruptions and “systemic risks” that might harm the broader economy. Their arguments, however, ignore two fundamental challenges for prudent regulation: the knowledge problem and the incentive problem.


Are All Commons Tragedies? The Case of Bison in the Nineteenth Century
Peter J. Hill

The near extermination of the North American bison is widely viewed as a case of the overuse of an open-access resource—a classic example of the tragedy of the commons. This “tragic” view, however, ignores the rising opportunity cost of grasslands that could support a more commercially viable commodity: cattle.


The Economics of Health Care and Health Insurance
D. Eric Schansberg

Are government regulations and subsidies necessary for the provision of health care and health insurance—or could an unfettered market provide them? Economic theory suggests several factors that might prevent a free market in health services from performing like the competitive-market ideal, but concerns about them are overblown.


Warfare State to Welfare State: Conflict Causes Government to Expand at Home
Ivan Eland

Conservatives who advocate hawkish U.S. foreign policies might rethink their bellicose stance if they better understood the growth the welfare state. U.S. wars have contributed to numerous tools of Big Government, including the federal income tax, progressive taxation, tax withholding, the estate tax, gas taxes, the Internal Revenue Service, federal relief for the poor, public works, Social Security, government registration of marriages, public housing, wartime inflation, price controls, employer-based health insurance, banks bailouts, and more.




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