Volume 51, Issue 3

The New Liberalism

This lecture examines the new liberalism's emergence, development, and potential.
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The New Regulatory Era: An Introduction

For many decades the word "regulation" has been a bogeyman concept evoking images of unproductive and wasteful government bureaucracy. With the recent financial crisis, this bogeyman image of regulation has…
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Regulatory Trust

When regulators make decisions in the face of uncertainty, what gives legitimacy to their decisions? While trustworthy regulators may enhance social resilience, uncertainty erodes public trust and alienates citizens. This…
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The Coase Theorem and Arthur Cecil Pigou

In The Problem of Social Cost, Ronald Coase was highly critical of the work of Cambridge University Economics Professor Arthur Cecil Pigou, presenting him as a radical government interventionist. In…
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Cain v. Horne: School Choice for Whom?

In Cain v. Horne, the Arizona Supreme Court unanimously held that school-voucher programs providing state funding for the private education of disabled and foster children violated the Arizona Constitution. Although…
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