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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


Seeking the Patent Truth: Patents Can Provide Justice and Funding for Inventors
Arthur M. Diamond

The U.S. patent system is besieged by costly litigation and a growing chorus of critics who claim that patents are neither economically nor morally justified. A variety of proposed reforms and entrepreneurial institutions, however, might improve it significantly, resulting in more justice for inventors and more funding to help them develop inventions that benefit society.


Perfecting Tyranny: Foreign Intervention as Experimentation in State Control
Christopher J. Coyne, Abigail R. Hall

Coercive government actions that target another country often act like a boomerang, turning around and knocking down freedoms and liberties in the “throwing” nation. Two developments in the United States illustrate the boomerang effect: the rise of government surveillance and the growing militarization of the police.


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.




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