Volume 31

Number 2

Fall

2026

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Previous Issue: Summer 2026

In this issue...

Articles

The Dangerous Allure of Activist Central Banking

Radu Simandan, Cristian Valeriu Păun

Beyond the Mandate: The Federal Reserve’s Expanding Role in Climate Supervision Within the Financial Sector

Summary Only
Emre Kuvvet

Socially Responsible Investing: A Resource Misallocation Disaster in the Making

Summary Only
Mathieu Gomes, Paul H. Tice

The Academy: A Critical Analysis

Summary Only
Daniel J. Smith, Gabriel F. Benzecry

Vicarious Liability and Rothbardian Libertarianism

Summary Only
Łukasz Dominiak, Tate Fegley

Reflections

How to Think About Five Major Political Economy Issues: Big Government, Inflation, Poverty, Tariffs, and Housing

Vernon L. Smith

Columns

A Swiss-Style Canton System: A Path to Peace in Israel-Palestine

Summary Only
David T. Beito

Joel Mokyr: How the Creative Powers of a Free Civilization Were Unleashed in Historical Time

Summary Only
Peter J. Boettke

ICE: Another Example of Tyranny Come Home

Summary Only
Abigail R. Hall

Adam Smith and the “ Double Thank- You” Versus the “Balance of Trade”

Summary Only
Michael C. Munger

Political Values and Migrant Self-Selection

Benjamin Powell

Book Reviews

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New Deal Law and Order: How the War on Crime Built the Modern Liberal State

By Anthony Gregory
Reviewed by
Kaitlyn Woltz

False Dawn: The New Deal and the Promise of Recovery

By George Selgin
Reviewed by
Chris Vickers

Friends Until the End: Edmund Burke and Charles Fox in the Age of Revolution

By James Grant
Reviewed by
Gregory Collins
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Two Paths to Prosperity: Culture and Institutions in Europe and China, 1000–2000

By Avner Greif, Joel Mokyr, and Guido Tabellini
Reviewed by
Brian Marein
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Violent Saviors: The West’s Conquest of the Rest

By William Easterly
Reviewed by
Abigail R. Hall
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Robert H. Jackson: A Life in Judgment

By G. Edward White
Reviewed by
James W. Ely, Jr.
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Proactivity in Economics: Between Resourcefulness and Entrepreneurship 

By Jakub Bozydar Wisniewski
Reviewed by
Christopher J. Boudreaux
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The Deficit Delusion: Why Everything Left, Right, and Supply-side Tell You About the National Debt is Wrong

By John Tamny
Reviewed by
Peter C. Earle
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Research Handbook on Law and Political Economy (second edition)

By John D. Haskell
Reviewed by
Alain Marciano
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Rationality, Psychology and Capitalism: Defending Economic Theory from Behavioral Imperialism

By Arkadiusz Sieron
Reviewed by
Richard B. McKenzie
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When Everyone Knows That Everyone Knows . . .: Common Knowledge and the Mysteries of Money, Power, and Everyday Life

By Steven Pinker
Reviewed by
Michael C. Munger
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The Pursuit of Happiness & Proclaiming Liberty

Reviewed by
Michael C. Munger
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Speculation Nation: Land Mania in the Revolutionary American Republic

By Michael A. Blaakman
Reviewed by
Caleb Petitt
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Higher Education in America: It’s Worse Than You Think

By Kevin D. Roberts
Reviewed by
Jenna A. Robinson
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How Progress Ends: How Progress Ends: Technology, Innovation, and the Fate of Nations

By Carl Benedikt Frey
Reviewed by
Gregory J. Robson
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The Young Fed: The Banking Crises of the 1920s and the Making of a Lender of Last Resort

By Mark Carlson
Reviewed by
Mary Tone Rodgers
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Reimagining Social Security: Global Lessons for Retirement Policy Changes

By Romina Boccia and Ivane Nachkebia
Reviewed by
Richard M. Salsman
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Tyrants and Rogues: Understanding the Declaration of Independence

By Robert G. Parkinson
Reviewed by
Timothy M. Sandefur
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Liberty and the History of Economic Ideas: From the Ancients to the Austrian Economists

By Richard M. Ebeling
Reviewed by
Robert M. Whaples
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The American Revolution in American History

By Yuval Levin, Adam J. White, and John Yoo
Reviewed by
Robert M. Whaples
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Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work

By Alvin Roth
Reviewed by
Robert M. Whaples
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On the Minting of Money: (500th Anniversary Edition) 

Nicolaus Copernicus (edited by Ralph Benko)
Reviewed by
Leonidas Zelmanovitz

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