Does Modernization Require Westernization?
By Deepak K. Lal

Assessing the FDA via the Anomaly of Off-Label Drug Prescribing
By Alexander T. Tabarrok

Privatizing Social Security the Right Way
By Laurence J. Kotlikoff

The Environmental Propaganda Agency
By Craig S. Marxsen

Dimensions of the Shadow Economy
By Friedrich Schneider

The Soul of Classical Liberalism
By James M. Buchanan Jr.

Economics with Romance
By Dwight R. Lee


    Should We Let Banks Create Money?
By George A. Selgin

Banks Cannot Create Money
By Jorg Guido Hulsmann

Book Reviews

    The Collected Works of James M. Buchanan. Volume 1, The Logical Foundations of Constitutional Liberty
By James M. Buchanan
Reviewed by Leland B. Yeager

The Moral Economy
By John P. Powelson
Reviewed by Paul Heyne

Seeing Like a State: How Certain Schemes to Improve the Human Condition Have Failed
By James C. Scott
Reviewed by Deepak K. Lal

Heaven’s Door: Immigration Policy and the American Economy
By George J. Borjas
Reviewed by Richard K. Vedder

John Adams and the Spirit of Liberty
By C. Bradley Thompson
Reviewed by Kevin R. C. Gutzman

The State and Freedom of Contract
Edited by Harry N. Scheiber
Reviewed by James W. Ely Jr.


    Results of a Fifty-Year Experiment in Political Economy

In Memoriam: Paul Heyne, 1931-2000
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