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The Property Rights, Freedom, and Prosperity Task Force explores the philosophical, historical, legal, and economic foundations of property rights through scholarship and collaborative research among an interdisciplinary group of scholars that includes economists and legal experts. Together, this team will explore property rights in a contemporary context. Members will examine how secure property rights help foster economic development, encourage natural resource stewardship, advance investment in intellectual and physical capital, encourage sound business practices, and promote liberty and individual responsibility.
The Death of Corporate Reputation describes the transformation of US finance from the old reputational model to the existing laissez-faire model and argues that the change came as a result of three key factors: (1) the growth in reliance on regulation rather than reputation, (2) the increasing complexity of regulation, and (3) the rise of the “cult of personality” on Wall Street. Having identified the heart of the problem, Macey offers a path forward.