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    James W. Ceaser

    James W. Ceaser

    James Ceaser is the Harry F. Byrd Professor of Politics at the University of Virginia, director of the Program for Constitutionalism and Democracy, and was a senior fellow at the Hoover Institution. He is the author of several books on American politics and American political thought, including...

    E.g., 2021-12-05
    E.g., 2021-12-05

    Why Do Nations Fail?

    Research | Articles | by Daron Acemoglu
    Thursday, January 5, 2012
    As Arab dissidents know all too well, it has to do with how societies are politically organized.

    Beyond Austerity

    Research | Articles | by Richard A. Epstein
    Tuesday, May 1, 2012
    We must liberalize labor markets, not rely on macroeconomic “fixes.”

    My Primer for Obama

    Research | Articles | by Richard A. Epstein
    Monday, April 9, 2012
    On the differences between Social Darwinism and laissez-faire economics.

    What Was Roberts Thinking?

    Research | Articles | by Richard A. Epstein
    Friday, June 29, 2012

    The Chief Justice was neither an umpire nor a statesman. Only a lawyer.

    The Court that Couldn't Say "Stop!"

    Research | Articles | by John Yoo
    Monday, August 13, 2012

    At a crucial moment, the Roberts court blinked, setting back both the Constitution and any dreams of limited federal power. By John Yoo.

    Franklin Delano Obama

    Research | Articles | by Richard A. Epstein
    Monday, August 20, 2012
    Will the New Deal revive itself in 2012?

    The Unpredictability Of Deregulation: The Case Of Airlines

    Research | Articles | by David R. Henderson
    Wednesday, December 19, 2018

    Some unlikely policy lessons from Jimmy Carter and Teddy Kennedy. 

    Native American Heritage: It’s Not What You Think

    Research | Articles | by Terry Anderson
    Tuesday, February 12, 2019

    The ideas defining a free Native American society.

    Yes, Be Very Worried Over Growing Polarization

    Research | Articles | by Victor Davis Hanson
    Friday, October 19, 2018

    Beware a fetish for 'data' and faux statistical exactitude.

    The Anti-Stimulus Bill

    Research | Articles | by David R. Henderson
    Thursday, April 23, 2020

    The CARES Act cannot properly be called a "stimulus" bill. 

    ObamaCare vs. The Commerce Clause

    Research | Articles | by Richard A. Epstein
    Sunday, November 20, 2011
    If Congress can regulate health care, it can regulate everything under the sun.

    Health Care vs. Health Insurance

    Research | Articles | by James Huffman
    Tuesday, December 4, 2012
    The contraception mandate is not a form of insurance; it is a wealth transfer, plain and simple.

    The Palestinian Proletariat

    Research | Articles | by Michael S. Bernstam
    Tuesday, March 29, 2011

    Permanent refugees, generation after generation: these are the fruit of a U.N. agency that blocks both peace and a Palestinian state. By Michael S. Bernstam.

    Glimpses of Economic Liberty

    Research | Articles | by Clint Bolick
    Wednesday, January 12, 2011

    Bit by bit, courts are being forced to ponder the laws and licenses that stifle people’s freedom to work. By Clint Bolick.

    The Right to Private Property

    Research | Essays | by Tibor R. Machan
    Tuesday, October 1, 2002

    If there is one really serious intellectual and cultural problem with capitalism, it stems from the lack of a sustained and widely known, let alone accepted, moral defense of the institution of private property rights.

    Few doubt, in today’s world, that a society with a legal infrastructure that lacks this institution is in serious economic trouble. The failure to respect and legally protect the institution of private property—and its corollaries, such as freedom of contract and of setting the terms by the parties to the trade—has produced economic weakness across the globe. But many also believe that this institution is not founded on anything more solid than the arbitrary will of the government to grant privileges of ownership (for the latest statement of this position, see Liam Murphy and Thomas Nagel, The Myth of Ownership [Oxford University Press, 2002]).

    Without a moral, prelegal defense, the institution of private property, which is the source of a great many benefits to us all, will forever remain vulnerable to the critics, starting with Karl Marx, who said that “the right of man to property is the right to enjoy his possessions and dispose of the same arbitrarily, without regard for other men, independently from society, the right of selfishness.” This essay argues that, contrary to widespread academic sentiments and impressions, the institution of private property rights fully accords with a sensible conception of human morality, indeed, rests on a solid moral foundation.

    The Economic Effects of the Liability System

    Research | Essays | by Daniel P. Kessler
    Tuesday, June 1, 1999

    Liability law has two principal objectives: compensation of parties injured in accidents and deterrence of negligent behavior of potential injurers. Considerable evidence, however, suggests that the current liability system in the United States achieves neither. The system has high transaction costs and fails to compensate injured parties appropriately. There is evidence that liability pressure has distorted firms' incentives for innovation. In the health care sector, liability pressure has led to defensive medicine--precautionary treatments with minimal medical benefit administered out of fear of legal liability.

    This essay summarizes recent empirical research on the economic effects of liability-reducing reforms to tort law. The strategy of this research is to compare time trends in economic outcomes from states that adopted law reforms with trends in outcomes from states that did not, controlling for other determinants of the outcomes in question. Differences in trends between the two types of states provide an estimate of the effect of the reforms.

    In general, this research suggests that reductions in the level of liability improve productive efficiency. But even if these studied reforms improve efficiency, they may not improve the performance of the system in terms of the compensation goal. The essay concludes with a discussion of the potential effects of a wide range of largely untried reforms to the liability system, some advocating radical changes to the allocation of responsibility for accidental injuries, that seek to address both compensation and deterrence goals.

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