Principal-agent Theory and Representative Government »

In recent decades economists have devoted great efforts to the analysis of the principal-agent problem (see for example Milgrom and Roberts 1992 and the Wikipedia article on “Principal-agent Problem”). This area of study has to do with the incentives and disincentives of an agent acting on behalf of a principal that he is presumed or...
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Michael John Novak, Jr., 1933-2017 »

Our very dear friend and Founding Member of the Board of Advisors of the Independent Institute, Michael Novak, passed away at the age of 83, on February 17th. A man of immense generosity, integrity, joyfulness, and good will, Michael was one of the most important scholars, theologians, prolific authors, and public intellectuals of the...
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Students for Democratic Society? »

I am the faculty advisor for the Florida State University Students for Liberty. I am guessing that is the reason I received an email from the FSU Students for Democratic Society which says, in part: Anyone who has been following Donald Trump’s campaign has seen examples of Trump’s racist, xenophobic, and misogynistic, far-right ideology....
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Decisive Brexit Referendum: What Happens Next? Part 2: The Disunited Kingdom »

[See Part 1 Here] Besides handing down the vote to Leave the EU, the June 23rd Brexit referendum also demonstrated that the UK is a house divided. The vote itself was fairly narrow: 52% vs. 48%. Northern Ireland (NI), Scotland and London had clear majorities for Remain, but much of the rest of England...
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Reconsidering “Must Vote” Arguments »

As Americans move closer to November’s elections, the campaigns are gearing up to tell each of us how important it is to vote. One illustration is a recent Michael Barone article titled “A very few votes can make a big, big difference.” Barone makes his point by citing several close elections. Most prominent was...
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Are Political Narratives Falsifiable? »

Do election results reflect voter preferences? No one seems to think so, despite most people’s enthusiasm for democracy. Consider the analysis of the recent US midterm elections. The Democratic narrative is that the voters enthusiastically chose Barack Obama and the Democrats in 2008 because they were “hungry for change,” and supported the main points...
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Should You Be Able to Sell Your Vote? »

One of the features of secret ballot elections is that they make it difficult for voters to sell their votes. Even if a voter wants to, and finds a willing buyer, the secret ballot means the voter cannot offer any proof that the voter actually voted the way the vote buyer wanted. Absentee ballots...
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C. S. Lewis on Mere Liberty and the Evils of Statism, Part 3 (Final) »

Here Is the Final Part Continued from Part 2: Part 1 Scientism For Lewis, science should be a quest for knowledge, and his concern was that in the modern era science is too often used instead as a quest by some for power over others. Lewis did not dispute that science is an immensely...
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C. S. Lewis on Mere Liberty and the Evils of Statism, Part 2 »

Continued from Part 1: Part 3 Moral Relativism and Utilitarianism Of central importance in Lewis’s discussion of natural law is his critique of the moral relativism of utilitarianism (“the end justifies the means”) as a theory of ethics and guide to behavior. Lewis claimed that the precepts of moral ethics cannot just be innovated...
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When a Congressman Says X, He Is Thinking Y »

X : I will serve the people of this district to the best of my ability. Y: I intend to look out for my own interest every step of the way, so unless you’re the highest bidder for my services, you’d better start saying your prayers now.  * * * X: The people have...
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  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org