The core of public economics traditionally addresses two situations of market failure:
externalities and public goods. While externalities fit neatly into neoclassical economics …

Following the publication of The Logic of Collective Action by Mancur Olson in 1965, the
notion of free riding gained wide currency in economics. The idea of enjoying the benefits of …

In his essay Of Public Credit, David Hume argues against the institutionalization of public
credit. Contrary to what is commonly believed, I claim Hume's analysis of public credit is …

Inl752 David Hume published an essay titled" Of Money." Today the most dive monetary
theories claim this essay as their father. 1 Hume is indeed recruited bo a proto-quantity …

George Stigler (1971) claimed that:'it is uncomfortable to explain Smith's failure by the failure
of everyone else, for he is a better man than everyone else'(214). Diverging from Stigler, the …

The aim of this article is to contribute to a clearer depiction of public goods. The theoretical
conundrums of the standard approach are highlighted before discussing a broader view of …

Adam Smith does not focus on the creation of an ideal world, but on the understanding that
societal changes for the better are an unintentional product of commerce. Furthermore, as if …

We consider the relative robustness of libertarian anarchy and liberal democracy to
meddlesome preferences. Specifically, we examine how the liberty of those wishing to …

Abstract Boettke and Marciano's (2020) The Soul of Classical Political Economy curates ten
previously unpublished works by James M. Buchanan. The editorial introductions to these …

La thèse reconstruit l'histoire et les fondements épistémologiques de la théorisation des
dépenses publiques de Richard A. Musgrave (1910-2007), notamment dans sa Theory of …